This week, seed innovation company Benson Hill announced it is filing for voluntary chapter 11 petitions, while German startup Vytal Global raised $15.5 million to bring its reusable food packaging to the US. Meanwhile, Paulig Group’s venture arm PINC invested in UK startup Elaniti to accelerate soil microbiome intelligence.
Elsewhere, climate tech VC 2150 closed a $216 million Fund II to support urban environment solutions and South Korea invested $10 million in a new research center for cultivated meat.
Startup funding
🇩🇪 German startup Vytal Global bags $15.5m to bring tech-led reusable food packaging to the US Green Queen
🇸🇪 Sweden’s Hooked Foods raises $830k for new vegan products and AI integration Vegconomist
M&A, IPOs & partnerships
🇺🇸 PepsiCo buys prebiotic soda brand Poppi for nearly $2b Food Dive
🇺🇸 Yum Brands, Nvidia will deploy new AI at 500 restaurants Restaurant Dive
Funds, grants & accelerators
🇬🇧Climatetech VC 2150 closes near $216m for Fund II Tech.eu
🇰🇷 South Korea invests $10m in new cultivated meat research center Vegconomist
🇬🇧 Stafford Capital flexes $1.04b timber fund close in oversubscribed capital raise Global Ag Investing
🇪🇸 Santander and Atitlan raise $325m for their agricultural investment vehicle ATGRO SCR Santander
🇪🇸Galicia launches $19.6 m infrastructure project to boost plant-based protein production Alt Meat
🇨🇿 Soulmates Ventures expands investment in sustainable innovation with $54.1 million fund EU Startups
People moves
🇺🇸 Beyond Meat announces CMO departure amid restructuring TipRanks
🇺🇸 Triplebar appoints Shawn Manchester as Chief Executive Officer LinkedIn
Other News
🇺🇸 Benson Hill Files Voluntary Chapter 11 Petitions BusinessWire
🇺🇸 Eat Just/GOOD Meat to pay ABEC $4.4m to settle legal dispute AgFunderNews
🇬🇧 Unilever sells Vegetarian Butcher as part of brutal $1.1b clear out FoodNavigator
🇫🇮 Solar Foods signs MoUs regarding commercialization of 6,000 tonnes of Solein, while Fazer launches Solein-powered products in the US Vegconomist
🇺🇸 Ahead of $15m fundraise, the Better Meat Co secures mycoprotein deal with South American meat giant Green Queen
🇰🇷 Korean Muslim Federation issues fatwa ruling cultivated meat as halal Green Queen
