The Week in AgriFoodTech: MycoWorks opens mycelium plant, Flagship et al pump $250m into Indigo Ag, Pure Harvest bags $150m

After a pretty dry spell, agrifood investors were throwing around the big bucks this week, with the launch of two sizeable funds ($384m from Astanor Ventures and $312m from Humble Growth), while Flagship led a $250m round into Indigo Ag and JOKR bagged $50m to expand its food-e-commerce platform.There was also big news from MycoWorks, which opened a huge mycelium production facility in South Carolina, and Hoxton Farms, which opened a pilot plant for cultivated fat.

Foodtech funding

🇩🇪 JOKR secures $50 million series D at $800 million valuation. This is down from the eGrocery company’s $1.3 billion post-money valuation that followed its series C earlier this year. (TechCrunch)

🇺🇸 Superorder bags $10 million Series A for its generative AI platform for restaurant order management. Foundation Capital led the round. (Restaurant Technology News)

🇰🇷 HN Novatech raises $4 million for to produce heme-based meat alternatives extracted from seaweed. Logan Ventures led the Series A bridge round. (The Future of Protein Production)

🇬🇧 Oceanium snags $2.6 million to scale seaweed processing operations for innovative ingredients. Impact investor Builders VC led the round. (Vegconomist)

🇫🇷  AI-powered restaurant tech startup Retail Robotics Solutions raises €0.5 million ($0.53 million) from Ariel Investments Corp. The firm’s ‘robot cashiers’ can instantly identify meals on a tray in self-service restaurants or corporate canteens. (RSS)

Agtech funding

🇺🇸 Flagship leads $250 million round for sustainable agriculture platform Indigo Ag. The latter plans to reach breakeven point in about one year. (Memphis Inno)

🇦🇪 Pure Harvest bags $150 million strategic round from greenhouse solutions company Richel Group. The exclusive partnership will focus on deploying Pure Harvest’s smart farms to the Middle East and Asia. (HortiDaily)

🇩🇪 Lightspeed leads $27 million Series A extension for carbon accounting startup Plan A. Deutsche Bank and Opera Tech Ventures also participated. (Sifted)

🇮🇪 Micron Agritech raises £2.3 million ($2.8 million) for its on-site parasite testing for animals. Act VC, Atlantic Bridge and Yield Lab Europe (The Irish Times)

🇸🇬 RegenX secures $500,000 pre-seed from Wavemaker Impact. The RegenX “Flywheel” platform enables buyers to find and procure toxic-free traceable ingredients from regenerative farming regions. (Deal Street Asia)

M&A, IPOs & partnerships

🇩🇪 🇸🇬 Delivery Hero mulls partial sale of its Asia brand foodpanda. Singapore’s Grab, a heavyweight in delivery, may pay over €1 billion ($1 billion) for foodpanda, according to reports. (The Straits Times)

🇯🇵 🇲🇾 🇮🇩 Terra Drone buys precision ag startup Avirtech for undisclosed sum. Terra Drone will operate under a new business brand, Terra Agri, in Malaysia and Indonesia. (TechNode Global)

🇺🇸 Shake Shack & Zero Acre Farms partner for frying oil made by microalgae. Two of the burger chain’s NYC locations will test making fries with Zero Acre’s oil. (CNBC)

Funds, grants & accelerators

🇧🇪 Impact investor Astanor Ventures closes second agrifoodtech fund on €360 million ($384 million). It will continue to invest in early- and later-stage agrifood startups “and some adjacent sectors.”(AgFunderNews).

🇺🇸  Humble Growth closes $312m growth equity fund for disruptive CPG brands. It will write checks of around $10-40 million. (AgFunderNews).

🇺🇸 Unfold Ventures launches $300 million fund to invest in vitamins, skincare and spices. FMR LLC, the parent company of Fidelity Investments, is backing the new fund. (Bloomberg)

🇺🇸 FoodShot global announces its FoodShot: Water, The Essential Input competition. The $500,000+ GroundBreaker Prize will be awarded to early-stage entrepreneurs. (FoodShot)

🇨🇦 Nàdarra Ventures launches with C$20 million ($15 million) biotech fund. The fund will make seed and series A investments into biotech startups working in food, agriculture and materials. (Venture Capital Journal)

Other news

🇺🇸 MycoWorks starts production at ‘world’s first’ commercial scale mycelium plant. The 136,000 sq. ft. facility will produce MycoWorks’ mycelium-based leather alternative. (PR Newswire) [Disclosure: AgFunderNews’ parent company AgFunder is an investor in MycoWorks.]

🇬🇧 Hoxton Farms opens cultivated fat pilot facility, targets alt meat. The 14,000-sq ft site in Old Street, central London, will have a capacity of up to 10 tons/year. (AgFunderNews) [Disclosure: AgFunderNews’ parent company AgFunder is an investor in Hoxton Farms.]

🇺🇸 Mondelez closes down brands in its SnackFutures VC division. The CPG giant said it is shifting its venture capital focus to investing in “already established” startups. (Food Dive)

​🇺🇸 AeroFarms emerges from Ch. 11 with new CEO. The company has “eliminated spending” on all projects not related to its Danville, Virginia farm, a move it says will accelerate its path to profitability. (AgFunderNews).

🇬🇧 Distressed plant-based brand Meatless Farm is back on shelf in the UK. The brand, which was acquired by VFC in June, is returning to shelves at Tesco, Sainsbury’s and Ocado. (Vegconomist)

🇺🇸 Food companies aren’t all walking the talk on regenerative agriculture, says FAIRR. There’s a lot of talk, but rather less action on regen ag from some publicly listed agrifood companies, according to a report from the FAIRR investor network. (AgFunderNews)

🇺🇸 Delieverect partners with Uber to launch Deliverect Dispatch. This enables restaurants to offer white-label delivery powered by Uber Direct as a preferred partner.  (PRNewswire)