Jun 07, 2023 — article

RunwayFBU investment in foodtech Plaato: revolutionizing global industrial fermentation

Pro in Tank HD2

With a recent successful funding round, expanded team, and growing customer base, Plaato is about to revolutionize the way fermentation processes are monitored and optimized, starting with breweries, cideries, and distilleries.

By Mari Wachelke

Oslo-based Plaato recently concluded a highly successful investment round, raising an impressive 20 MNOK ($1,78m), surpassing their initial target of 15 MNOK ($1,33m). The company has attracted a strong investor base, including the backbone of Norwegian investors who recognized the potential of Plaato's disruptive technology. Gunnar Evensen, a leading investor in the Norwegian market, has played a pivotal role in supporting Plaato's growth. Additionally, former NRK and Schibsted profile turned angel investor, Birger Magnus and RunwayFBU have joined as key investors.

Plaato’s offering is a perfect match for our investment thesis: to invest in data-driven companies that make industries more efficient, sustainable and resilient. Moreover, we believe that the stellar Plaato-team can expand beyond current core markets and unlock significant growth in other fermentation-based industries.” explained Investment Manager at RunwayFBU, Peder Hjermann

From hardware to software

Plaato has undergone a strategic shift in recent years, transitioning from a hardware-focused approach to a SaaS model. The hardware components remain integral to capturing accurate and reliable data, ensuring ease of use for Plaato's customers.

"We are thrilled with the tremendous support and confidence shown by our investors, as well as the high level of interest from potential clients worldwide," said Plaato CEO, Magnus Valmot. "Our technology is revolutionizing the fermentation industry by providing valuable data insights that were previously inaccessible. We are committed to driving sustainability, efficiency, and profitability for breweries, cideries, and distilleries globally." says.

About Plaato

Plaato is a pioneering technology company specialized in providing industrial data solutions for the fermentation industry. With its innovative monitoring systems, Plaato empowers breweries, cideries, and distilleries to optimize their fermentation processes, enhance product quality, and increase profitability. The company has over 250 customers across 32 countries. 

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