ICL Increases Investment in Plantible Foods, Strengthening Partnership on Innovative Protein Ingredients

ICL, a global leader in specialty minerals, has increased its investment in Plantible Foods as part of the company's ongoing Series B funding round. This strategic collaboration aims to support the growth of Plantible Foods, a company specializing in plant-based protein technology utilizing Lemna, or duckweed. The partnership between the two companies has gained momentum following the successful launch of Rovitaris Binding Solution, an innovative ingredient powered by Rubi Protein, derived from lemna.

In conjunction with this investment, Plantible Foods raised $30 million in Series B funding to expand production capabilities and meet the rising demand for Rubi Protein in the clean-label food market. The development of Rovitaris underscores the importance of clean-label ingredients in meeting consumer preferences for natural, sustainable food options. This partnership highlights ICL's commitment to advancing innovation in the food industry and meeting the evolving needs of consumers seeking more sustainable, plant-based food options.