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Icl Planet Startup Hub Continues To Invest In Plant-Based Proteins

Feb 16, 2022•over 3 years ago
Tel Aviv

Description

ICL (NYSE: ICL) (TASE: ICL), a leading global specialty minerals company, today announced its innovation platform, ICL Planet Startup Hub, has invested in – and will be partnering with – Plantible Foods, a vertically integrated agricultural platform producing a functional protein derived from lemna. The investment follows Plantible Food’s Series A funding round last September, which was led by Astanor Ventures, a global leader in agriFood impact investing.

Company Information

Company

Proteins

Location

Tel Aviv, Tel-Aviv District, Israel

About

The two companies will also further collaborate to expand the potential of Plantible’s products across key food categories. The company creates impactful solutions for humanity's sustainability challenges in global food, agriculture, and industrial markets. The company employs more than 12,000 people worldwide, and its 2021 revenues totaled approximately $7 billion. Forward-looking statements refer only to the date they are made, and the company does not undertake any obligation to update them in light of new information or future developments or to publicly release any revisions to these statements in order to reflect later events or circumstances or to reflect the occurrence of unanticipated events.Contacts Last July, ICL Planet invested in Protera – an AI-driven start-up that is designing and developing new proteins – and both investments align with the platform’s focus on clean label functional food ingredients, which is also an integral part of ICL’s global food strategy.