🏆 Deal of the Week · CW 36/2022
Planted raised USD 72 million in a Series B round announced 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 investor syndicate includes ACE & Company, Be8 Ventures, ETH Zurich Foundation, and Gullspång Re. The participation of the ETH Zurich Foundation is particularly notable, signalling strong institutional confidence in the scientific and technological foundations of Planted's production processes. The combination of venture capital, family office, and academic-linked capital reflects broad conviction across different investor categories.
What does Planted do?
Planted is a Swiss food technology company founded in 2019 and headquartered in Zurich, Switzerland. The company develops and manufactures plant-based meat alternatives, with its products designed to replicate the texture and nutritional profile of conventional meat using natural, minimally processed ingredients. Planted was spun out of ETH Zurich, which underpins its science-led approach to ingredient sourcing and production. Its product range targets both retail and foodservice channels across European markets.
Planted valuation & multiples
No existing multiples analysis was provided for this deal. For context on how plant-based food companies are valued relative to revenue and earnings, readers can refer to the relevant Food and Beverage sector multiples pages on DealMatrix, where current EV/Sales and EV/EBITDA benchmark ranges are maintained and updated regularly.
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, announced in September 2022.
What is Planted's valuation?
Planted's valuation was not disclosed in connection with its 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.