AgFunder Network Partners

Category: FoodTech

Atlast raises $40m to make mycelium-based whole cuts

April 15, 2021

The Green Island, New York-based startup launched its first product, a bacon analog called MyBacon, in November 2020.

Grab confirms record-breaking $40bn SPAC deal; archrival Gojek nears $18bn merger

April 14, 2021

The Singapore-based app claims to be the category leader for online food delivery, ride-hailing, and digital payments in Southeast Asia.

Food waste startup Hazel Technologies raises $70m in Pontifax, Temasek-led Series C round

April 13, 2021

The USDA-backed startup produces vapor-releasing sachets that extend the life of fresh produce when it’s in transit from the farm.

Front cover of China 2021 AgriFood Investment Report

2020: The year Chinese agrifoodtech funding headed upstream

April 13, 2021

AgFunder’s China 2021 AgriFood Investment Report reveals that funding for the sector rose 66% last year to reach $6 billion in total.

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.