• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Skip to navigation
Close Ad

The Spoon

Daily news and analysis about the food tech revolution

  • Home
  • Podcasts
  • Events
  • Newsletter
  • Connect
    • Custom Events
    • Slack
    • RSS
    • Send us a Tip
  • Advertise
  • Consulting
  • About
The Spoon
  • Home
  • Podcasts
  • Newsletter
  • Events
  • Advertise
  • About

Plant Power Fast Food Chain Raises $7.5M Series A

by Chris Albrecht
May 26, 2021Filed under:
  • Alternative Protein
  • Delivery & Commerce
  • Funding
  • Click to share on Twitter (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to email this to a friend (Opens in new window)

San Diego, California-based fast food restaurant chain Plant Power announced today that it has completed a $7.5 million Series A round of funding. The round was led by Helia Capital USA, Eat Beyond Global Holdings and Batta Foods, with participation from Aileen Getty and other individual investors.

As its name spells out, Plant Power is a fast food chain that offers an entirely plant-based menu. According to the press announcement sent to The Spoon, Plant Power has seven locations up and running in Southern California, with eight more stores opening in locations including Sacramento, Hollywood, and Las Vegas. The company said it reported year-over-year enterprise-wide retail net sales growth of more than 50 percent from 2019 to 2020.

While those growth stats are vague, the general numbers line up with the recent trajectory of plant-based foods. According to the Good Food Institute, U.S. sales of plant-based foods grew 2 times faster than overall food sales in 2020. Additionally, sales of plant-based foods in the U.S jumped 27 percent in the past year, and 43 percent in the past two years to hit $7 billion. The plant-based meat category (including burgers) saw its category sales increase by more than $430 million from 2019 to 2020 and the plant-based meat market is now worth $1.4 billion.

There’s a lot of plant-based momentum in QSRs right now. Copper Branch is a chain in Canada is all plant-based, and even Starbucks is testing a full plant-based menu at one of its Seattle locations. Growing consumer sentiment for plant-based options has even spurred traditional QSRs like Burger King to launch the Impossible Whopper, and both McDonald’s and Yum Brands have partnered with Beyond Meat to create more plant-based meat options for their menus.

Plant Power said it will use its new funding to continue its expansion plans and focus on new corporate unit development.


Related

OneRare and Honeybee Burger Partner to Bring Plant-Based Food to the Metaverse

OneRare, the first dedicated food metaverse platform just announced a collaboration with LA-based Honeybee Burger to make plant-based food "more desirable, accessible and available everywhere." The vegan burger, founded by former Wall Street execs, is considered a mini-chain in Southern California but has grown in popularity alongside the plant-based movement…

Del Taco is First Mexican Fast-Food Chain to Put Beyond Meat on Its Menus

As a vegetarian, whenever I hit up a fast-food Mexican spot — my road trip go-to — my menu options are typically pretty limited: basically, I can have bean tacos or bean burritos. But starting at the end of this month, Del Taco is offering a new plant-based option at…

Which Fast Food Restaurants Serve Plant-Based Meat (or Are Thinking About It)?

Thanks to fast-food chains, meatless meats are no longer a niche product meant for vegetarians or vegans — they're the norm. They're making plant-based meat more affordable and accessible, and democratizing the alternative protein revolution. Adopting meat alternatives is also a smart business play for QSR's. Case and point: Del Taco…

Get the Spoon in your inbox

Just enter your email and we’ll take care of the rest:

Find us on some of these other platforms:

  • Apple Podcasts
  • Spotify
Tagged:
  • Plant Power
  • plant-based meat
  • QSR

Post navigation

Previous Post 7Shifts Raises $21.5M for Its Workforce Management Platform for Restaurants
Next Post Magic Valley Wants to Bring Cultivated Lamb to Market in a Couple Years

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Get The Spoon in Your Inbox

The Spoon Podcast Network!

Feed your mind! Subscribe to one of our podcasts!

Food Waste Gadgets Can’t Get VC Love, But Kickstarter Backers Are All In
Report: Restaurant Tech Funding Drops to $1.3B in 2024, But AI & Automation Provide Glimmer of Hope
Don’t Forget to Tip Your Robot: Survey Shows Diners Not Quite Ready for AI to Replace Humans
A Week in Rome: Conclaves, Coffee, and Reflections on the Ethics of AI in Our Food System
How ReShape is Using AI to Accelerate Biotech Research

Footer

  • About
  • Sponsor the Spoon
  • The Spoon Events
  • Spoon Plus

© 2016–2025 The Spoon. All rights reserved.

  • Facebook
  • Instagram
  • LinkedIn
  • RSS
  • Twitter
  • YouTube
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.