The Week in AgriFoodTech: Green Coffee Co brews up $25m, ChatGPT designs robotic harvesting, Zume shuts down
June 8, 2023
Fazla lands $6 million to stop food waste, Quorn invests in alt deli meat startup Prime Roots.
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Category: FoodTech
Data snapshot: Agribusiness Marketplaces & Fintech continue to dominate India’s upstream investments
June 7, 2023
Agribusiness Marketplaces and Fintech was the most-funded upstream category for India agrifoodtech in 2022.
🎥 Could fruit flies give microbes a run for their money? Future Fields thinks outside the fermentation tank
June 7, 2023
Microbes have been the workhorses of recombinant protein production for years. But could the humble fruit fly give them a run for their money? asks Canadian startup Future Fields.
Meat from mycelium: MyForest Foods raises $15m Series A-2, hires new CEO, teases new product
June 6, 2023
MyForest Foods—a New York-based startup making whole cuts of meat from mushroom mycelium—has raised $15 million in Series A-2 funding and hired Greg Shewchuk as its new CEO.
Chinova Bioworks scales up production for mushroom-based natural preservatives after ‘incredible’ year
June 6, 2023
Chinova Bioworks, a Canadian startup producing natural preservatives and fining agents from upcycled mushroom stalks, is expanding its capacity four-fold this year to fuel international expansion and meet demand in fast-growing markets such as non-alcoholic beer.
From fintech to alt protein, Latam’s next generation of agrifood startups is building a farmer-first food system
June 6, 2023
Latam startups fight food insecurity and inequality with agrifoodtech tools like farmer financing logistics and healthier ingredients.
Women entrepreneurs are a missed opportunity in venture capital. Here’s how investors and policymakers can change that
June 5, 2023
VCs need to put more money into women entrepreneurs as a path to profit and impact, and to generate better returns.
Impossible Foods’ attorneys did not break rules by hiring private investigators in case vs Motif, judge rules
June 5, 2023
Impossible Foods’ lawyers did not violate rules of professional conduct by hiring private investigators to pose as potential customers in order to obtain product information and samples from Motif FoodWorks as the companies clashed over IP, a court has ruled.
Fungi-fueled startup Meati Foods lays off 5% of workforce, but remains “as bullish as ever” about its prospects
June 3, 2023
Fungi-fueled alt meat startup Meati Foods has laid off 17 of its 300 employees this week, three months after opening a new production facility in Thornton, Colorado, but says the move does not reflect weak demand for its products.
Meet the founders: ÄIO looks to upcycled feedstocks to fuel biomanufacturing platform
June 2, 2023
Used in everything from lipsticks to alt meat, tropical oils come with environmental costs. But can microbes give them a run for their money?
Cultivated meat: Foodtech fantasy or the future of meat? ‘None of this stuff makes any commercial sense until everyone’s eating it’
June 1, 2023
Five or six years ago the press coverage around cultivated meat was almost universally positive. Today, we’re seeing headlines about cancerous cells, ‘vaporware,’ and business failures. So where does the industry go from here?
The Week in AgriFoodTech: Neat Burger raises $18m, Debut bags $34m to expand cell-free biomanufacturing platform
June 1, 2023
This week, Neat Burger raised $18m to take its plant-based restaurant chain into new markets, while synthetic biology startup Debut raised $34 million to expand its cell-free biomanufacturing platform.
🎥SCiFi Foods on cultivated meat unit economics: ‘We can make a blended product commercially viable without needing crazy-scale bioreactors’
June 1, 2023
Some commentators argue that cultivated meat is a food tech fantasy. So are they right? It all depends on your approach, says Joshua March, cofounder and CEO at San Leandro-based startup SciFi Foods.
Algae’s second bloom? ‘Resiliency and productivity are key,’ say second generation startups
May 31, 2023
Between 2005-2012, venture capitalists poured millions into startups attempting to make fuel from microalgae, getting their fingers badly burned in the process. But could algae be gearing up for a second bloom?
Data snapshot: France bucks global trend as agrifoodtech investment surges 39% in 2022
May 31, 2023
Agrifoodtech investment in France surged 39% to $1.3 billion in 2022 against the backdrop of a 46% decline in Europe and a 44% slump in global agrifoodtech funding over the same period.
🎥 Meatable CEO: ‘We believe we have the fastest process in the field to make cultivated meat’
May 30, 2023
Dutch startup Meatable has slashed production times for cultivated pork from three weeks to eight days in the past year by dramatically speeding up the process by which its stem cells differentiate into fat and muscle, transforming its unit economics.
The Week in AgriFoodTech: Pluton Biosciences bags $16.5m, Babylon Micro-Farms secures funds, José Andrés launches climate institute
May 25, 2023
Climate startup FLINTpro lands $9 million and Meatable says it can produce cultivated pork in just eight days.
Motif FoodWorks accuses Impossible Foods of hiring private investigators to ‘circumvent the discovery process’ in ongoing IP litigation
May 25, 2023
Motif FoodWorks has accused Impossible Foods of hiring private investigators to pose as potential customers to “covertly” obtain information about Motif’s business that could influence ongoing litigation between the warring foodtech companies and “circumvent the discovery process.”
Brief: Aquatech startup eFishery raises $108m Series D to reach unicorn status
May 25, 2023
eFishery aims to increase aquaculture productivity while also creating more sustainable practices for both the environment and farmers.
Smells like Salmonella? Sensifi emerges from stealth to disrupt food safety market with artificial nose for contactless bacterial sensing
May 25, 2023
Israeli startup Sensifi is emerging from stealth with a technology it claims could disrupt the food testing market by enabling rapid, on-premise detection of pathogens such as E. Coli and salmonella via an ‘artificial nose.’
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