Spanish Plant-Based Food Startup Vanetta Secures Funding, Increasing Valuation by 70% in a Year

Vanetta Food, a Spanish plant-based food startup, has secured funding from BeFuture Invest, increasing its valuation by 70% compared to the previous year. The company plans to use the capital to expand its production capacity, strengthen its presence in the HORECA sector, and continue its research and development efforts aimed at making plant-based protein more accessible in the restaurant industry. Vanetta offers meat-free recipes that are high in nutritional value and align with Galician traditions, providing a healthier alternative to processed plant-based products.

Founded in 2023, Vanetta has already opened Galicia’s first factory for plant-based products made from traditional vegetable proteins. The company's range includes seitan, soybean products, croquetas, and vegan empanadillas. With the latest round of funding, Vanetta aims to accelerate the development of new products and continue proving that plant-based protein can successfully penetrate the hospitality industry while maintaining flavor and authenticity. CEO Águeda Ubeira expressed gratitude for the market's confidence in their business model, highlighting the potential for plant-based protein to thrive in the culinary sector.