Plantish Raises $12.5M for Plant-Cut Whole Fish in Alt-Seafood’s Biggest Seed Round – vegconomist

israeli startup Plantar, which is developing plant-based cut whole fish, raised $12.5 million in a seed funding round led by State Of Mind Ventures. Other participants included Pitango Health Tech, Unovis and TechAviv Founder Partners.

Plantish says the raise is the largest round of seed funding ever for an alternative seafood company. It follows the startup’s $2 million pre-seed round last June.

The funding will be used to expand Plantish’s team and increase R&D efforts, as well as work towards commercialization. The company aims to launch its first product, whole cut salmon, for the food service industry within two years. Salmon will also be available in pop-up locations by the end of 2022.

© Noam Preisman

Nutritionally Equivalent Vegetable Seafood

Plantish was founded last year with the goal of developing a sustainable alternative to whole cut seafood. Most of the seafood alternatives currently available focus on minced products such as fish fingers and burgers, but Plantish’s unique technology is able to replicate components such as connective tissue and muscle tissue layers.

This results in alternatives to fish that can be produced very cheaply and on a large scale, while having the same nutritional value as conventional fish – Plantish’s salmon is rich in protein and omega 3 fatty acids.

While other companies have developed alternatives to whole seafood, these are often products cultured from fish cells, which are typically expensive to produce.

“We love fish and aren’t trying to change what consumers want,” said Ofek Ron, CEO and co-founder of Plantish. “We’re simply offering a delicious salmon upgrade that’s safer for you and better for the planet. No antibiotics, no hormones, no mercury, no bycatch and no compromise.

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