{"id":142489,"date":"2024-11-25T11:08:12","date_gmt":"2024-11-25T04:08:12","guid":{"rendered":"http:\/\/www.thestorythailand.com\/?p=142489"},"modified":"2025-02-11T10:24:01","modified_gmt":"2025-02-11T03:24:01","slug":"betagro-ventures-plantible","status":"publish","type":"post","link":"https:\/\/www.thestorythailand.com\/en\/betagro-ventures-plantible\/","title":{"rendered":"Betagro invests in Plantible&#8217;s sustainable food future"},"content":{"rendered":"\n<p>Betagro PCL has invested in Plantible through its venture fund subsidiary, Betagro Ventures, joining other industry-leading strategic and financial investors in 2024\u2019s largest functional ingredient startup funding round to date.<\/p>\n\n\n\n<p>This 30m USD Series B round was co-led by Piva Capital and Siddhi Capital, with support from Betagro Ventures, Chipotle Mexican Grill, Griffith Foods, and Astanor Ventures.<\/p>\n\n\n\n<p>Founded in 2018, with facilities in California and Texas, Plantible leverages its proprietary and vertically integrated lemna manufacturing platform to produce Rubi Protein\u00ae, a versatile and flexible functional ingredient with applications across plant-based, traditional meats and bakery markets. This funding round will be used to expand its manufacturing volume at their 100-acre commercial plant and increase its revenue 10-fold over the next 12 months.<\/p>\n\n\n\n<p>This investment in Plantible, along with in-the-pipeline collaborations, will support Betagro\u2019s food and feed businesses\u2019 partnership with innovative startups in creating sustainable and clean-label products \u2013 coupled with exploration of other specialized use-cases within Betagro\u2019s product portfolio.<\/p>\n\n\n\n<p><strong>Chayadhorn Taepaisitphongse<\/strong>, Chief Strategy &amp; Innovation Officer of Betagro Group said, \u201cPlantible epitomizes the type of startup we look for: strong technology-driven platform, high strategic impact potential, and clear synergistic use cases. Tony (CEO) and Maurits (COO) are at the forefront of bringing lemna-based functional ingredients to market and we are excited about the potential of our ongoing collaborations to explore their technology within our core food and feed businesses.\u201d<\/p>\n\n\n\n<p><strong>Tony Martens Fekini<\/strong>, Chief Executive Officer of Plantible said, \u201cWe&#8217;re thrilled to welcome Betagro as a strategic partner in Plantible\u2019s journey to transform the global food system. Their investment underscores the incredible potential of bringing Rubi protein to the Southeast Asian market, a region where the demand for stable, resilient, and high-quality macronutrients is both urgent and significant. With Betagro\u2019s deep expertise and leadership in the agri-food space, we are confident in our ability to scale quickly and make a meaningful impact in a region hungry for sustainable solutions. We couldn\u2019t ask for a better partner to help us realize our mission of building a more sustainable and secure global food system.\u201d<\/p>\n\n\n\n<p><a href=\"https:\/\/www.thestorythailand.com\/en\/15\/11\/2024\/142486\/\">Thailand remains second-largest digital economy in SEA<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.thestorythailand.com\/en\/13\/11\/2024\/142424\/\">Thai travellers lead the world for openness to AI, remote work during hotel stays<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Betagro PCL has invested in Plantible through its venture fund subsidiary<\/p>\n","protected":false},"author":8,"featured_media":142458,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[121],"tags":[26139,30256,30257],"class_list":["post-142489","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-en","tag-betagro-ventures-2","tag-plantible-2","tag-sustainable-food-systems"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Betagro invests in Plantible&#039;s sustainable food future - The Story Thailand<\/title>\n<meta name=\"description\" content=\"Betagro PCL has invested in Plantible through its venture fund subsidiary, Betagro Ventures, joining other industry-leading strategic and financial investors in 2024\u2019s largest functional ingredient startup funding round to date.\" \/>\n<meta name=\"robots\" content=\"index, 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