🏆 Deal of the Month · September 2022
Planted raised USD 72 million in a Series B round in September 2022; the company's valuation was not disclosed. The round drew participation from ACE & Company, Be8 Ventures, ETH Zurich Foundation, and Gullspång Re, among others.
Planted — key deal facts
| Company | Planted |
| Founded | 2019 |
| Headquarters | Zurich, Switzerland |
| Amount raised | USD 72M |
| Valuation | Valuation Remains Undisclosed |
| Round | Series B |
| Investors | ACE & Company (https://aceandcompany.com/) Be8 Ventures (https://www.be8.vc/) ETH Zurich Foundation (https://ethz-foundation.ch/) Gullspång Re |
| Sectors | Food and Beverage |
Who invested in Planted?
The Series B was backed by ACE & Company, Be8 Ventures, ETH Zurich Foundation, and Gullspång Re. The inclusion of ETH Zurich Foundation is notable given Planted's origins as a spin-off from ETH Zurich, signalling continued institutional support from its founding university. The broader syndicate spans impact-focused venture capital and strategic food and beverage investors.
What does Planted do?
Planted Foods AG is a Swiss FoodTech company founded in 2019 as a spin-off from ETH Zurich. The company develops plant-based meat alternatives using proprietary structuring and fermentation technologies, producing products with fibrous, meaty textures without additives. Its portfolio spans multiple formats, sizes, and shapes designed to compete with animal meat on taste, sustainability, and price. Planted is headquartered in Zurich, Switzerland.
Planted valuation & multiples
No existing multiples analysis was provided for this deal. Valuation-based EV/Sales and EV/EBITDA comparisons cannot be calculated because Planted's post-money valuation remains undisclosed. For relevant sector benchmarks, visit the Food and Beverage multiples pages on DealMatrix.
Explore the benchmarks: Series B.
Frequently asked questions
How much did Planted raise in its Series B?
Planted raised USD 72 million in its Series B round in September 2022.
What is Planted's valuation?
Planted's valuation was not disclosed in connection with this Series B round.
Who invested in Planted?
The Series B investors include ACE & Company, Be8 Ventures, ETH Zurich Foundation, and Gullspång Re.
When was Planted founded and where is it based?
Planted was founded in 2019 and is headquartered in Zurich, Switzerland.
Source: original announcement — read the full report.