Swiss fermentation company planetary has secured $28 million in new financing to commercialize a licensing model that converts sugar industry waste streams into food-grade proteins, fibers, and enzymes. The funding includes a $20 million Series A equity round and $7.5 million in credit, bringing total funding to approximately $40 million. The round was led by Radikal Capital and Oetker Ventures, with participation from agricultural cooperatives, food industry corporates, and venture funds.

The company's technology licensing model targets sugar producers to upgrade low-value processing byproducts into functional ingredients. Already operational in Switzerland, planetary aims to reduce mycoprotein production costs below $1/kg through partnerships in sucrose-rich, protein-deficient markets like India. CEO David Brandes highlighted the challenges of fundraising but emphasized the growing demand for a sustainable, high-quality food system. The company plans a second closing of the funding round and is seeking investors, engineers, commercial leaders, and customers for further growth and development.