Planet A Foods raised $15.4 million in Series A funding to advance its sustainable cocoa-free chocolate brand, ChoViva, and expand into key international markets.

Information on the Target

Planet A Foods is a Munich-based B2B foodtech startup founded in 2021 by twins Drs. Max and Sara Marquart. The company specializes in sustainable food products, notably launching ChoViva, the world’s first cocoa-free chocolate brand. With the demand for chocolate on the rise amidst soaring cocoa prices, Planet A Foods has positioned itself at the forefront of a significant market opportunity.

Utilizing advanced fermentation technology, the startup has already secured partnerships with major companies, including Griesson-de Beukelaer, Peter Kölln, and Lufthansa. Their innovative approach has allowed them to produce a chocolate-like product that is both sustainable and appealing to consumers.

Industry Overview in Germany

The German food industry is renowned for its high-quality standards and commitment to sustainability. The demand for plant-based alternatives has surged in recent years due to heightened cons