Regenerative Food Platform Planet FWD Raises $2.7 Million Led By BBG Ventures

By Dan Anderson ● Mar 16, 2020
  • Planet FWD recently announced it raised $2.7 million in a seed round of funding led by BBG Ventures

Planet FWD recently announced it raised $2.7 million in a seed round of funding led by BBG Ventures. Cleo Capital, Maveron, Kapor Capital, Incite Ventures, Precursor Ventures, Cowboy Ventures, Jane VC, and F7 Ventures also joined the round.

What does Planet FWD do?  Planet FWD is building a regenerative food platform to satisfy and grow consumer demand for climate-friendly food products and ensure that farmers are valued for their work.

The industrialization and commodification of food over the past century resulted in releasing carbon from soils, reducing nutrient density in food and depleting the ability of the land to continue to support agriculture. And according to the Special Report on Climate Change and Land from the United Nations International Panel on Climate Change (IPCC), agriculture emits about a quarter of global greenhouse-gas pollution every year due to soil depletion, deforestation, and emission from fertilizer and fuel use. Along with limiting these emissions, regenerative agriculture has the potential to sequester carbon in the soil.

In recognizing the role of soil in renewing the world’s food system, Planet FWD is using regenerative agriculture (a set of principles that support and regenerate healthy ecosystems) bringing climate-friendly foods to market with a two-fold program: climate-friendly snacks and a Regenerative Ingredients Platform.

When it comes to consumption, snacking accounts for 50% of all eating occasions with 94% of people snacking at least once a day. Planet FWD will introduce one of the first climate-focused snack brands. And the product will be sourced from regenerative ingredients to reduce carbon emissions in the food system and promote carbon-capturing farming practices.

In terms of a Regenerative Ingredients Platform, Planet FWD will closely monitor consumer response from the snack brand to inform their regenerative ingredient platform — which enhances visibility to the food system for companies who want to make climate-friendly choices. The platform does this by connecting brands and consumers hungry for climate-smart products to farmers and suppliers using regenerative or climate-smart practices.

Key Quotes:

“Farmers are at the front line of the climate crisis and their practices have the power to not only reduce carbon emissions in the food system but also draw down carbon into the soil and the above-ground biomass. Decades of destruction to our ecosystems have placed the global community in a difficult situation: successfully limiting climate change while feeding the world. At Planet FWD, we believe both are possible. One of the most tactically viable and commercially scalable solutions lies in regenerative agriculture.”

“We believe that human beings, working together, have the power to limit if not undo climate change. While there is no silver bullet to the climate crisis, we are excited to stand with the regenerative agriculture movement, giving consumers the power to make climate-friendly food choices and ensuring that farmers are valued for their work as stewards of the land. That’s why we are focusing first on soil, and how we can work with amazing farmers to restore and reshape farming to fix the food system. We’re grateful to work with an esteemed selection of investors that recognize this and are aligned with our strategies to turn back the clock on climate change.”

-Julia Collins, Founder, and CEO of Planet FWD

“Julia has spent her entire career innovating in the food space – from food development to food service to food technology – with a goal to create better outcomes for people and the planet. At a time when even food giants like Whole Foods view generative agriculture as a huge opportunity, there’s no one better positioned to bring the Planet FWD platform to market.

-Nisha Dua, General Partner at BBG Ventures