AgFunder Network Partners

Category: FoodTech

Friday Foodtech Digest: World’s first microalgae burger unveiled; Gathered Foods nets $26m

April 9, 2021

Some tech tidbits from around the week’s wider food-o-sphere to finish off your Friday.

Impossible Foods Impossible Burger in hand

Brief: Impossible Foods prepping to go public at $10bn valuation, sources say

April 9, 2021

The plant-based burger maker is reportedly planning to go public within the next 12 months, either via a traditional IPO listing or a SPAC merger.

Sprout Agritech’s first-ever venture investment was 400m years (+19) in the making

April 9, 2021

New Zealand’s Scentian Bio is using insect olfactory receptors to detect volatile compounds – and it believes its tech could prove invaluable for the food industry.

Trax secures $640m from SoftBank, BlackRock for retail robotics & analytics

April 8, 2021

Singapore-based Trax was Southeast Asia’s highest-funded agrifoodtech startup in 2019, according to AgFunder data.

Brief: Food delivery app Grab said to target US listing in biggest ever SPAC deal

April 7, 2021

The proposed deal would value Grab at around $35 billion and could complete as soon as this week, according to people familiar with the matter.

Beyond Meat opens China factory, its first outside US

April 7, 2021

The company said the facility in Jiaxing will “significantly increase” the speed, scale, and sustainability of distributing its products across the region.

Smartway snags $12m to reduce food loss, boost profits for supermarkets

April 7, 2021

The French startup uses AI to help supermarkets identify items near expiration and determine whether they should be discounted or donated to charity.

Brief: Indian food delivery app Swiggy hits $5bn valuation; raises $800m from Goldman, others

April 6, 2021

Swiggy also secured investment from sovereign wealth funds Qatar Investment Authority and Singapore’s GIC, according to an internal memo.

Oatly partners with Yeo’s to build $22m plant-based milk factory in Singapore

April 5, 2021

The Swedish startup – which recently filed for an IPO in the US – is building its first production facility in Asia to target China’s lucrative dairy products market.

From IQ, to EQ, to RQ – the regenerative quotient

April 2, 2021

We need entrepreneurs and thought leaders in regenerative food and agriculture to have a high RQ. Logan Yonavjak and Adrian Rodrigues tell us why.

Friday Foodtech Digest: Animal-free fat, bee-free honey & fish-free fish get funding

April 2, 2021

Here are a few extra bits and bytes of agrifoodtech news from around the web this week.

Mosa Meat CEO on choosing non-GMO, differentiation & pricing the novelty factor

April 1, 2021

The Netherlands startup is now eight years old. We catch up with CEO Maarten Bosch to find out about its next steps.

Brief: Food ordering app Glovo raises $528m from Delivery Hero, others

April 1, 2021

The Spanish ‘q-commerce’ app delivers takeout meals, groceries, and other items on demand to more than 10 million users across 20 European countries.

Brief: Deliveroo drops $3bn on debut as investors spooked by ESG, profitability concerns

April 1, 2021

The UK-based food delivery app saw its share price nosedive by as much as 30% during its first day of trading on the London Stock Exchange yesterday.

Oishii sees itself as ‘the Tesla of vertical farming.’ Here’s how it’s cracking CEA strawberries

March 31, 2021

Oishii is growing strawberries in vertical farms with the help of bees – and founder Hiroki Koga is taking his cue from none other than Elon Musk.

Brief: Chinese e-grocer Nice Tuan raises $750m in Alibaba, DST-led round

March 31, 2021

The app allows shoppers to form groups to collectively buy farm produce and other groceries in bulk at competitive prices.

Complexity, AI & the future of food: Boosting agriculture’s climate resilience

March 30, 2021

AI that learns through ’embodied intelligence’ could boost agricultural resilience with its greater capacity to adapt to rapidly evolving climatic events.