It may be smaller than previous rounds; but with another big-name backer on board and demand rising, the plant-based protein maker still has plenty to be happy about.
Named Unfold, the new venture has received $30 million in funding from the two companies, along with rights to germplasm from Bayer’s vegetable portfolio.
The Bengaluru-based startup provides a platform for smallholders to purchase inputs, secure credit, and engage data-led advisory services.
The Korean chemical giant’s Singapore agribiz hub will “pioneer solutions for the world food supply chain through innovation, not just plain food trading,” its CEO tells AFN.
Downstream investment declined by 67% year-on-year. But upstream funding more than doubled, as startups and investors zeroed in on farm and supply chain solutions.
It’s one of several online group-buying platforms for fresh produce in China that has raised major funding from investors in recent months.
It offers a white-label solution to food manufacturers who want to make their meat go further with healthier, more sustainable plant-based protein.
Indian actors Genelia and Riteish Deshmukh launched Imagine Meats with Good Food Institute and Archer Daniels Midland support, marking the latest celebrity foray into agrifoodtech in recent months.
MissFresh was the highest-funded agrifoodtech startup in China last year, raising $700 million in a debt round from a local government-linked fund, according to AgFunder research.
In Farmsave, FBN “saw a company that was deeply aligned with the same values [that] understands the role tech is going to play in the future of ag,” co-founder Charles Baron told AFN.
The proteins are derived from exotic fruits and are tinkered with using Joywell’s fermentation tech to transform them into products suitable for the food industry.
Australia is technologically advanced, highly urbanized, and has farmers aplenty – but its urban ag industry is practically non-existent. Sydney startup Blakthumb finds out why.
While the bulk of funding went to downstream categories in 2019, startups in the middle of the agrifood value chain are attracting more and more interest.
Backed by the likes of Facebook, Intel, and now Google, Reliance Industries’ Jio Platforms is an Indian agrifoodtech giant in the making.
Oatly’s new celebrity backers are becoming seasoned agrifood investors, with the Swedish alt-milk maker just the latest bet they’ve made in the space.
Infrastructure, crop cultivation, and logistics and distribution are set to be the leading areas for funding in the years ahead, says East Ventures partner Melisa Irene.
The Google for India Digitization Fund will invest in equity fundings, partnerships, and infrastructure in ag, health, and education, among other areas.
The Singapore-based startup has developed an “essentially 100% mechanical” process to improve upon traditional jackfruit-based meat substitutes.
Two of Asia’s highest-funded alt-protein startups have joined forces to bring cultured, cellular ag-grown seafood to the masses.
PuduTech and Meituan Dianping will collaborate on robotics and catering digitization, and explore opportunities in “localized lifestyle services.”
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