1 September 2022 – Planted Foods AG, a spin-off of the Swiss Federal Institute of Technology (ETH) Zurich and leading producer of sustainable and plant-based meat alternatives, has successfully closed a series B financing round in the amount of CHF 70 million.

The financing round was led by L-Catterton. Additional investors included Vorwerk Ventures, re:food, Movendo, Be8 Ventures, ACE, ETH Foundation, Yann Sommer as well as Tengelmann Ventures.

Walder Wyss AG advised Planted Foods AG on this transaction. The team was led by Florian Gunz Niedermann (Partner, Corporate/M&A) and Marion Bähler (Managing Associate, Corporate/M&A) and further included, Letizia Schlegel (Associate, Corporate/M&A), Carmen Spichiger (Associate, Corporate/M&A) and Fabienne Limacher (Partner, Tax).