Startups  /  Plantish

Plantish

In the coming years, the supply of seafood is expected to be insufficient to meet the demand of all mankind. Furthermore, fishing causes irreparable harm to the ocean and its inhabitants. Plantish solves these problems by offering plant-based seafood alternatives.
Funding round: Pre-seed
Contents:

Summary

What they do
Producer of plant-based whole-cut fish fillets
Founders
Ofek Ron, Ron Sicsic
Industries
Food Processing, Food and Beverage, Machinery Manufacturing
Headquarters
Rehovot, HaMerkaz, Israel (‫ישראל‬‎)
Employees
1-10
Founders
Ofek Ron, Ron Sicsic
CEO
Ofek Ron
Notable investors
Alumni Ventures, VegInvest, TechAviv Founder Partners, State Of Mind Ventures, Pitango Venture Capital, E2JDJ
Total funding amount
$14.5M

About

Plantish aims to be the world’s leading fish brand with zero environmental footprints. The company’s mission is to develop and create delicious, nutritious, suitably sourced plant-based seafood, thus saving the ocean ecosystem.

The team comprises food tech chemists, bioengineers, and additive manufacturing engineers with rich and diverse backgrounds.

The company targets Flexitarians, individuals who prefer to consume more alternative meals than meat but have not entirely eliminated meat from their diet yet. Especially Millennials (25-40 y.o.) and Generation Z (10-24 y.o.) are concerned about seafood consumption and related sustainability issues.

Plantish CEO, Ofek Ron, plans to have the product served in the first five U.S. restaurants at the end of 2023, with the official nationwide launch by 2024.

Key advantages

Although 80% of seafood is consumed as a steak, there is no whole-cut plant-based fish alternative in the market. There are several competitors, but they are focused on minced or frozen products (fish fingers and fried fish). Furthermore, Plantish SalmonTM is produced from ingredients that are already being used in foods in the U.S. Therefore, the company does not need to get U.S. Food and Drug Administration approval to sell its product.

Product

Plantish is developing a breakthrough additive manufacturing platform to produce whole-cut fish fillets at low cost and massive scale. The pilot product is Plantish SalmonTM — high in protein, rich in omega-3s plant-based salmon steaks – saves the original structure and taste.

The global salmon market is estimated at $50B. It is one of the most popular fish species in terms of consumption, trusted by 50% of consumers. Salmon supply growth is forecasted to diminish in the coming years as industry has reached a production level where biological boundaries are being pushed.

Plantish product is expected to fulfil increasing unmet demand with no environmental footprint.

Market

Global demand for seafood is forecasted to increase by nearly 30% by 2030. Meanwhile, harmful fishing practices have damaged marine habitats and severely depleted global fisheries—with over 90% of wild fisheries classified as overfished or harvested at maximal capacity. Aquaculture growth is only anticipated to keep pace with demand for 17 out of nearly 200 countries.

Fishing not only harms the population of marine habitats but also destabilizes the entire ocean ecosystem - fishing gear alone accounts for 2 trillion pounds of pollution annually.

Customer demand is transforming to reflect these emergency issues — 74% of US consumers try to act in a way that is not harmful to the environment, with 55% of respondents wishing to know of more sustainable alternatives to the types of fish they eat.

Team

Ofek Ron
LinkedIn
Ofek Ron
Co-Founder & CEO
Former CEO at Vegan Friendly UK and Global VP at Vegan-Friendly International. Former CEO of Software Sources, a global software distribution company.
Former CEO at Vegan Friendly UK and Global VP at Vegan-Friendly International. Former CEO of Software Sources, a global software distribution company.
Dr. Hila Elimelech
LinkedIn
Dr. Hila Elimelech
Co-Founder & R&D Director
PhD in Chemistry from the Hebrew University. Former VP of Materials at Nano Dimension (NASDAQ: NNDM).
PhD in Chemistry from the Hebrew University. Former VP of Materials at Nano Dimension (NASDAQ: NNDM).
Dr. Ron Sicsic
LinkedIn
Dr. Ron Sicsic
Co-Founder & CSO
PhD in Veterinary and Animal Sciences. DVM; M.Sc, Organic Chemistry; Former Co-Founder and VP R&D at Enviro Advanced Energy.
PhD in Veterinary and Animal Sciences. DVM; M.Sc, Organic Chemistry; Former Co-Founder and VP R&D at Enviro Advanced Energy.
Dr. Ariel Szklanny
LinkedIn
Dr. Ariel Szklanny
Co-Founder & CTO
PhD, Biotechnology and Bioengineering from the Technion. Specialized in 3D printing of biomaterials.
PhD, Biotechnology and Bioengineering from the Technion. Specialized in 3D printing of biomaterials.
Eli Zinal
LinkedIn
Eli Zinal
Food Technologist
Former CTO at Tnuva. B.Sc, Biotechnology and Food Engineering from the Technion; M.Sc, Food Sciences from the Hebrew University.
Former CTO at Tnuva. B.Sc, Biotechnology and Food Engineering from the Technion; M.Sc, Food Sciences from the Hebrew University.
Eyal Briller
LinkedIn
Eyal Briller
Founding Board Director
Former Director of Product at Impossible Foods. MBA from Stanford University. B.Sc, Food Engineering from the Technion.
Former Director of Product at Impossible Foods. MBA from Stanford University. B.Sc, Food Engineering from the Technion.
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