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AgTech Investments

Plantible raises $4.6 million seed round for an egg white replacement

Plantible uses duckweed, a tiny aquatic leaf, to extract a plant-based protein ingredient that will eventually allow food companies to make animal-based products into plant-based products. The offering would be attractive to companies that make baked goods or protein powder, and thus use lots of egg whites as part of their creation process.

Plantible claims to offer an egg-white replacement with no compromises on texture or nutrition.

The company just raised a $4.6 million seed round, led by Vectr Ventures and Lerer Hippeau with other investors eighteen94 Capital (Kellogg Company’s venture capital fund) and FTW Ventures. Plantible’s closest competitors in egg-white replacements category are Clara Foods and FUMI Ingredients.

Read more at TechCrunch

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