TLDR: Plant-based Cheese Maker Raises $12 Million Seed Round
Key points from the article:
- Plonts has raised $12 million in seed funding and opened a pilot plant in Oakland, Calif.
- The company launched its first product, an aged plant-based cheddar, in select restaurants in New York City and the San Francisco Bay area.
In 2022, Plonts underwent a previously undisclosed $12 million seed financing round, led by Lowercarbon Capital, with additional investment from other investors. The company was founded in 2019 by Nathaniel Chu and Josh Moser, utilizing Chu’s expertise in human gut microbiome to create fermented plant-based foods, specifically plant-based cheese. Plonts uses fermentation to turn plants into cheese with soy milk, creating a tangy, cheesy flavor as the cheese ages. The company plans to introduce more products and expand into additional markets and retail in the future.
