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ICL announces follow-on investment in Plantible Foods & celebrates industry recognition
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Monday, 23 December, 2024, 16 : 00 PM [IST]
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Tel Aviv, Israel
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ICL, a leading global specialty minerals company, announced a follow-on investment in Plantible Foods, participating in the company's Series B funding round. This investment builds upon ICL's initial participation in Plantible's Series A round and furthers the strategic collaboration between the two companies.
In October of 2023, ICL Food Specialties, in collaboration with Plantible Foods, launched Rovitaris Binding Solution powered by Rubi Protein. This innovative ingredient was honoured with the Ingredient Idol award at the SupplySide West (SSW) conference in November 2024 and recognised as the most innovative food ingredient of the year.
Hadar Sutovsky, vice president of Corporate Investments at ICL, said, "Our continued investment in Plantible Foods underscores our commitment to advancing sustainable and innovative solutions in the food industry. We are excited to support Plantible's growth and the development of their groundbreaking plant-based proteins."
Rado Sporka, vice president of Food Specialties at ICL, said, "Receiving the Ingredient Idol award for Rovitaris is a testament to our dedication to delivering cutting-edge, clean-label solutions that meet the evolving demands of consumers seeking healthier and more sustainable food options. ICL Food Specialties anticipates increasing demand for Rovitaris Binding Solution in 2025, driven by the growing consumer trend toward clean-label and sustainable food ingredients.”
Tony Martens Fekini, CEO of Plantible Foods, said, "Our partnership with ICL is instrumental in bringing Rubi Protein to market. The recognition at SSW highlights the potential of our collaboration to transform the food industry with sustainable and functional ingredients."
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