# Plantible Foods

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/plantible-foods

- Industry: Agribusiness
- Headquarters: San Marcos, US
- Website: www.plantiblefoods.com
- Total disclosed funding: $61M
- Latest round: Series B (Nov 15, 2024)
- Investors on record: 14

## About

Based in San Marcos, California, United States, and Co-founded in 2018 by Tony Martens (CEO) and Maurits van de Ven, Plantible Foods, Inc. develops plant-based protein ingredients derived from duckweed (water lentils) for food and consumer products applications. The company's primary product, Rubi Protein, is a plant-derived protein ingredient designed for use in food formulations. In August 2026, Plantible Foods, Inc. raised USD 35 million debt & equity funding from X-Caliber Rural Capital ,RA Capital & Piva Capital.
Plantible Foods, Inc. works with food and ingredient manufacturers to provide plant-based protein ingredients. Its products include Rubi Protein, a Rubisco-based protein derived from duckweed (Lemna), which is used in food and beverage formulations. The company cultivates duckweed in controlled aquafarm systems and processes it into protein ingredients for alternative protein, nutrition, and consumer food applications.
Plantible Foods, Inc.'s revenue is generated through the sale of plant-based protein ingredients to food manufacturers and ingredient companies. The company supplies Rubi Protein, a Rubisco-based protein derived from duckweed (Lemna), for use in food and beverage formulations. Revenue is generated through commercial agreements with customers that incorporate the company's ingredients into food products and consumer packaged goods.
The company plans to use 2026 funding to expand its Texas facility, increase plant protein production capacity, build new greenhouses, and meet customer orders.

## Funding rounds

- Series B, Nov 15, 2024, $30M — Astanor Ventures, ICL, Piva, Siddhi Capital, Nextwave X Partners, Nourish Ventures, Betagro Ventures
- Series A, Aug 13, 2021, $27M — Lerer Hippeau Ventures, Vectr Ventures, Unshackled Ventures, Eighteen94 Capital, FTW Ventures, Astanor Ventures, Piva, CJ CheilJedang, Good Friends
- Seed, Apr 27, 2020, $4.6M — Lerer Hippeau Ventures, Vectr Ventures, Eighteen94 Capital, FTW Ventures

## Investors

- Lerer Hippeau Ventures — Seed, Series A
- Vectr Ventures (https://capitalatlas.ai/funds/vectr-ventures) — Seed, Series A
- Eighteen94 Capital (https://capitalatlas.ai/funds/eighteen94-capital) — Seed, Series A
- FTW Ventures (https://capitalatlas.ai/funds/ftw-ventures) — Seed, Series A
- Unshackled Ventures (https://capitalatlas.ai/funds/unshackled-ventures) — Series A
- Astanor Ventures (https://capitalatlas.ai/funds/astanor-ventures) — Series A, Series B
- Piva (https://capitalatlas.ai/funds/piva) — Series A, Series B
- CJ CheilJedang — Series A
- Good Friends — Series A
- ICL — Series B
- Siddhi Capital (https://capitalatlas.ai/funds/siddhi-capital) — Series B
- Nextwave X Partners (https://capitalatlas.ai/funds/nextwave-x-partners) — Series B
- Nourish Ventures (https://capitalatlas.ai/funds/nourish-ventures) — Series B
- Betagro Ventures (https://capitalatlas.ai/funds/betagro-ventures) — Series B