Climate Finance | September 2, 2021

Plantible scores $21.5 million for duckweed-based protein

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, September 2 — The San Diego-based company’s indoor aqua farms grow lemna, more commonly known as duckweed, which it harvests daily to create plant-based protein ingredients that don’t force “consumers to sacrifice on either taste and/or nutrition,” said CEO Tony Martens.

The financing round will help Plantible build a commercial facility to launch the product next year.


Belgian impact investment firm Astanor Ventures led the round, with participation from Piva Capital, South Korean food company CJ CheilJedang, Kellogg Company’s venture fund Eighteen94 Capital, immigrant-focused investor Unshackled Ventures.