The Geneva-based company Planetary has raised the equivalent of 22 million Swiss francs in a Series A funding round, as detailed in a statement of the company published in the “EU-Startups” journal. Of this sum, 16 million Swiss francs comes in the form of equity financing, with 6 million Swiss francs in credit.
The funding round was led by Radikal Capital from Luxembourg and Oetker Ventures, the venture capital arm of the German food group Oetker. Also involved were Royal Cosun (Breda, Netherlands), arc investors (Zurich), the Green Generation Fund (Berlin) and the AgriFoodTech Venture Alliance (Munich), alongside the existing investors Astanor Ventures (Luxembourg) and XAnge (Paris).
Founded in 2021, the start-up Planetary builds, owns, operates and licenses a global network of fermentation plants for converting low-value by-products of food production into high-quality proteins, fibers and enzymes. On July 7, 2025, ALDI Switzerland brought Planetary’s MyVay Gourmet Filet to market in 242 stores across Switzerland at the same recommended retail price as chicken breast. This meat substitute product is made from naturally fermented mycoprotein by Libre, the B2B food business operated by Planetary.
Further products under this brand are now set to follow across Europe, including meat and dairy alternatives, meat hybrids, high-fiber products and protein-enriched products. The company is also scaling its technology for converting sugar into protein, with an emphasis in this regard on partnerships in markets such as India, a region that is sugar-rich yet protein-poor.
“Raising capital outside AI and defense now requires far more focus and resilience than it did just a few years ago”, as David Brandes, co-founder and CEO of Planetary, explains in the statement. He goes on to state that “recent geopolitical turmoil and commodity volatility only strengthen the case for a sovereign, circular, and high-quality food system”. ce/mm