A startup called Plantish has made salmon fillets from plants and raised $12.45 million in a seed round.
Only a month had passed since the company presented “the world’s first vegan whole-cut salmon fillet”. State of Mind Ventures managed the round, including Pitango, TechAviv Founder Partners, and SmartAgro as participants and SmartAgro. This follows from an initial seed raise of $2 million that took place in the year 2021, the year the company was established.
Plantish claims to have been able to replicate salmon’s flavour, texture, and nutritional value with all plant-based ingredients because of its patent-pending technology. The company claims its technology is cost-effective and can be scaled. After the funding round, the company plans to make its first commercially-produced fillets available in restaurants by 2024.
Ofek Ron is the CEO and co-founder of the startup. He says that plant-based fish will be able to replicate the success of plant-based meat
We have seen it in the meat market. Now it is time to move on to fish, particularly salmon, which accounts for $50 billion of the nearly half-trillion-dollar seafood market. He said that the problem with fish has been that it has been challenging to reproduce up until now.