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FoodTech
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AgFunder Network Partners

The Week in AgriFoodTech: Local Bounti lands $145m, Momofuku Goods bags $17.5m, Vow’s ‘mammoth’ meatball

March 30, 2023
Jennifer Marston

Indoor mushroom startup Smallhold expanded thanks to a retail partnership with Sprouts, while reservations platform OpenTable partnered with ChatGTP.

Myodenovo founder and CEO Dr. George Engelmayr

🎥 Cultivated meat startup Myodenovo emerges from stealth, focuses on whole cuts to reach ‘diehard meat lovers’

BREAKING: Boomitra partners with FtMA to launch flagship soil carbon project for East Africa’s smallholders

Funding to Biomaterials startups bucks global decline increasing 14% to $2.2bn as industry looks for non-synthetic alternatives

Soil carbon startup Agreena lands $50m to tear down the financial barriers to regen ag

Merit Functional Foods operates a new protein extraction plant in Winnipeg, Canada

Receiver sets April 21 deadline for offers for plant protein processor Merit Functional Foods

Beyond price parity, CEA must focus more on consumer demand to truly scale

Stray Dog Capital managing partner and CEO Lisa Feria on stage at Future Food Tech

Crunch time for cultivated meat, some early-stage players ‘could be in real trouble’ – Future Food Tech investors

Cauldron founder and CEO Michele Stansfield.

Cauldron raises $7m to expand precision fermentation platform using ‘smaller, smarter, cheaper’ continuous process

AFRICA

BREAKING: Boomitra partners with FtMA to launch flagship soil carbon project for East Africa’s smallholders

Danforth Center researchers turn to epigenome editing to protect cash crop cassava from blight

African agritech needs to focus more on boosting farmer productivity, says E4Impact

The Week in AgriFoodTech: Chromologics raises $7.5m, Next Gen Foods dabbles in alt-dairy, Amazon shutters Go stores

FOOD TECH

Dan White, founder and CEO, Clean Crop Technologies, at Future Food Tech SF 2023

Future Food Tech: Clean Crop Technologies tackles food waste with cold plasma

José Luis Cabañero at Eatable Adventures

Is Spain emerging as the dark horse of foodtech innovation?

Dr Tom Simmons, founder and CEO, The Supplant Company

🎥 The Supplant Company utilizes ‘forgotten half of the harvest’ to make ‘world first’ wheat flour made from stalks and grains

New Age Eats founder and CEO Brian Spears

Cultivated meat startup New Age Eats makes ‘painful decision’ to shut down: ‘We’ve been unable to attract investment’

STARTUP FUNDING

Loss making oatmilk maker Oatly raises $425m

The Week in AgriFoodTech: Oatly raises $425m, Cocoon Bioscience bags $16 million to turn moths into bioreactors

Food delivery startups

Data snapshot: eGrocery investment rollercoaster leads to 73% funding decline in 2022, still biggest category

Exclusive: Cocoon Bioscience closes $16m round to turn moths into bioreactors for cultivated meat

In a tough year for fundraising, upstream startups ‘solving big problems’ are the most defensible

AGTECH

‘It will be a year of bust-ups, roll-ups and M&A’: VC predictions for agrifoodtech investment

Omnivore exits fruit spraying tech startup MITRA following Mahindra acquisition

Just 1% of US farmers have signed carbon farming contracts, according to Purdue survey

The Week in AgriFoodTech: Andes lands $30m to tackle carbon, THIS cooks up $18m, Leaf & AWS team up

@AGFUNDER

Funding to Biomaterials startups bucks global decline increasing 14% to $2.2bn as industry looks for non-synthetic alternatives

Food delivery startups

Data snapshot: eGrocery investment rollercoaster leads to 73% funding decline in 2022, still biggest category

Farm software startups in Asia Pacific raised more funding in 2022 despite downturn

Fable Food raises $8.5m Series A from K3, AgFunder, others to expand footprint of meaty food made from mushrooms

ROBOTICS & AUTOMATION

March moves: Robot pizza CEO steps down, Meati beefs up C-suite, new execs for DoorDash, Flashfood

Brief: SwarmFarm lands $8.3m to move autonomous farming beyond driverless tractors

From delivery ‘bots to burger chefs, meet the startups driving the future of foodservice robotics

ALT MEAT/PROTEIN

Sorosh Tavakoli founder and CEO, Stockeld Dreamery.

Plant fatigue: Consistent over promising and under delivering is risking the future of plant-based foods

Dr. Oliver Zahn, founder and CEO, Climax Foods.

Climax Foods deploys data-driven approach to create next generation of plant-based cheese

Miyoko's Creamery founder Miyoko Schinner

Miyoko Schinner files countersuit vs Miyoko’s, says ‘mansplaining’ male execs made it ‘impossible for her to effectively do her job’

NOVEL FARMING SYSTEMS

Aspire Food Group automated edible insect cricket production facility

Aspire Food Group ramps up world’s largest cricket production facility, scouts for 2nd site

Vertical farming should be one instrument in a farmer’s toolbox, not the whole operation or the farmer’s competition

NEW REPORT: Climate agrifoodtech bucks global funding decline as sector brings in $29.6bn in 2022

‘Technology is a means, not an end’ in farming: Key takeaways from Indoor Ag-Con 2023

REGENERATIVE AG

Why plant nutrition is the driver of soil regeneration

PepsiCo invests in regenerative agriculture and cover crops

PepsiCo to pump $216m into US regenerative ag: ‘We’re putting our money where our mouth is’

Bayer, Microsoft formalize and launch cloud-based data manager, tools for agriculture

WOMEN

Vestaron banks $82m Series C funding for its crop-protecting peptides

How Anuvia aims to spend $66m advancing biofertilizer for large-scale agriculture

Umaro’s $3m AgFunder-led seed round hints at a ocean-based future for alternative protein

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Vertical farming should be one instrument in a farmer’s toolbox, not the whole operation or the farmer’s competition

Editor's Pick

‘Technology is a means, not an end’ in farming: Key takeaways from Indoor Ag-Con 2023

Data Snapshot

With $3bn in deals, top 10 climate x agrifoodtech startups prove themselves a vital part of climate tech ecosystem

Investor Insight

‘It will be a year of bust-ups, roll-ups and M&A’: VC predictions for agrifoodtech investment

Tailgate Talk

Smoke & mirrors, not worth the extra cost: 50 US farmers speak out on carbon markets

Research & Data

Funding to Biomaterials startups bucks global decline increasing 14% to $2.2bn as industry looks for non-synthetic alternatives

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