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Planet A Foods nabs $30M to make tons more cocoa-free chocolate
Turning sunflower seeds into sustainable, cocoa-free chocolate has netted Munich-based B2B foodtech startup Planet A Foods (formerly QOA) a $30 million
Brands buying into ChoViva so far include Lambertz, Lindt, Rewe Group and even the German train operator, Deutsche Bahn, which doubtless pops a lot of chocolate treats on customers’ tea trays every day. Supplying the food industry with an alternative chocolate-esque ingredient that — just like the real deal — can be baked into or folded onto snack products like breakfast cereals, confectionary, and cakes is Planet A’s mission. The startup’s management team, with its brother-sister co-founder duo pictured center (Image credit: Planet A Foods)“Most of the other competitors, they have great products, but they need to bring that into reality, and need to be really able to deliver it to their customers, and that lies ahead of them.
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