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Planet A Foods, a Munich-based B2B foodtech startup formerly known as QOA, has secured $30 million in a Series B funding round to expand its production of cocoa-free chocolate. The company aims to create a sustainable chocolate alternative using sunflower seeds, which could significantly reduce carbon emissions associated with traditional cocoa farming. By switching to its cocoa-free chocolate, Planet A Foods estimates that it could help avoid 500 million tons of CO2 emissions annually. The startup plans to launch its product in the UK in 2025.
🍫🌱Founded by twins, Planet A Foods snaps $30M to launch cocoa-free chocolate alternative in UK in 2025. https://t.co/9nzKNyxZBo #tech #funding #news #foodtech #startup
Congrats to the Planet A Foods (YC S21) team on the $30M Series B! Switching bulk chocolate production away from cocoa beans could avoid 500M tons of CO2 annually. Planet A Foods' 100% cocoa-free chocolate has a carbon footprint that’s up to 80% smaller. https://t.co/3VeJnjOZAc
Planet A Foods nabs $30M to make tons more cocoa-free chocolate: https://t.co/mCcIcmYfnz by TechCrunch #infosec #cybersecurity #technology #news
