Geneva-based food tech Planetary has announced a $8.1 million in a seed financing round. Astanor Ventures led the investment, with XAnge, Blue Horizon, Nucleus Capital and more participating. The startup is planning to use the money raised to complete the design and construction of a flagship site in Switzerland to build out transplantable industrial-scale microbial fermentation infrastructure will also be finalised. The latter will produce products for fermentation startups and brand owners under a contract development and manufacturing business model.

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