planetary, the leading advanced manufacturing fermentation platform for the circular bioeconomy, has announced it has secured $24.1 million in new investment capital. Headquartered in Switzerland, the company merges industrial technology with food technology to drive sustainable production. This significant funding round underscores investor confidence in planetary's innovative approach to transforming agricultural side-streams into high-value bio-based products. The capital infusion will support the company's strategic growth initiatives and accelerate the deployment of its proprietary technology.
The company licenses its BioBlocksā¢ fermentation technology to partners, enabling the commercial-scale production of sustainable bio-based products, including foods and materials. planetary collaborates with global agricultural players, focusing on converting low-value side-streams into valuable bio-based ingredients. Its first industrial mycoprotein production site is located in Aarberg, Switzerland, demonstrating its capability to bring advanced fermentation solutions to market.
With this newly raised capital, planetary plans to significantly expand its operational capabilities and further develop its advanced manufacturing platform. The funds are earmarked to accelerate the deployment of its BioBlocksā¢ technology across new applications and markets, strengthening its position as a key enabler in the circular bioeconomy. This investment is crucial for scaling the company's innovative solutions and meeting the growing demand for sustainable production methods.
Looking ahead, planetary is set to expand its focus beyond food ingredients. The company aims to scale the production of other bio-based ingredients, leveraging its BioBlocksā¢ and LibreĀ® technologies to address a broader range of industrial applications. This strategic expansion reinforces planetary's commitment to fostering a more sustainable and resource-efficient future through advanced fermentation.
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