The Week in AgriFoodTech: eGrocer Flink nabs $150m, biotech co Arzeda lands $38m, Kubota acquires Bloomfield Robotics
September 19, 2024
Plus: Juicy Marbles plans US retail launch and a $500,000 win for biochar.
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Category: FoodTech
Down 90% from a $19bn 2021 peak, what’s next for eGrocery investment?
September 18, 2024
Surprisingly, despite the consolidation and domination of a few major players, investment in eGrocery startups still represents nearly 16% of agrifoodtech funding in 2024 so far. But does that tell the whole story?
Exclusive: ReScale emerges from stealth with $2.3m to address ‘biggest pain point’ for small brands
September 17, 2024
“About half of small- and mid-size food brands rely on white label manufacturers,” says ReScale CEO Julia Megson. “We spoke to hundreds of brands that all said it’s their biggest problem. It’s a mess.”
Plant-based whole cut startup Juicy Marbles plans US retail launch in 2025, aims for profitability by year end
September 16, 2024
The Slovenian startup is “on a path to become profitable by the end of this year,” says cofounder and CEO Tilen Travnik.
Exclusive: Ex-Novozymes exec acquires assets of biomanufacturing specialists Solar Biotech, Noblegen
September 12, 2024
Peter Rosholm plans to retain the US staff and invest a “substantial” sum to expand capacity, AgFunderNews has learned.
The Week in AgriFoodTech: New climate tech deals in Europe, banks urged to stop funding livestock
September 12, 2024
Plus: The “regenerative” versus “organic” debate rages on.
Novameat raises $19.2m to expand next-gen plant-based meat texturizing tech: ‘We have a clear path to profitability’
September 12, 2024
The capital injection will be used to support entry into new markets, expand the product portfolio, scale production, and accelerate R&D.
Formo raises $61m Series B, launches cheese alternatives featuring koji: ‘We aim to become a real challenger brand’
September 10, 2024
Berlin-based fermentation startup Formo has raised a $61 million Series B round and launched cheeses featuring koji protein at 2,000+ REWE, BILLA, and Metro stores across Germany and Austria.
Sugar replacement: Bonumose secures preliminary victory over ‘arbitrary and capricious’ FDA on tagatose labeling
September 9, 2024
Judge concludes that the FDA “acted arbitrarily and capriciously” in treating tagatose, a non-glycemic, non-cariogenic, rare sugar, differently to fellow sweetener allulose on US food labels.
Guest article: the EUDR is an opportunity to progress data standards in agriculture
September 9, 2024
Integrating smallholder farmers into digital ag can help meet the EUDR objectives while also making farming more inclusive and sustainable.
Algenie emerges from stealth with next-gen bioreactor it claims can unlock algae’s potential in feed, bioplastics, and fuel
September 9, 2024
“If you even mention the word algae, some investors start running for the exits, so we have to prove we’ve cracked it and that we can own it,” says founder and CEO Nick Hazell.
Exclusive: Boston-based foodtech startup Motif FoodWorks is closing down
September 6, 2024
The firm, which raised a $226m series B round in 2021 when money was cheap and interest in alt proteins was sky-high, has since struggled to navigate a more challenging environment, with investor sentiment souring on meat alternatives amid declining retail sales.
Meati Foods CEO on ‘flawless retail execution,’ setting ‘goals grounded in reality’ and sweating manufacturing assets
September 5, 2024
“The product is fantastic,” says Phil Graves, who took the helm in February. “But it was clear when I joined that the business needed to make some strategic shifts and needed to make them quickly.”
The Week in AgriFoodTech: GALY lands $33m for lab-grown cotton, EarthOptics & Pattern Ag merge, new CFO at Tyson
September 5, 2024
Plus: Matt Crisp joins Alpine Bio, AgroSpheres gets EPA approval on pesticide.
Plant-based cheesemaker Climax Foods secures bridge funding, plans restructuring
September 4, 2024
Asked whether he would remain in the CEO role, founder Dr. Oliver Zahn said: “TBD. In line with the commercial trajectory, we will be on the lookout for a strong commercial lead at the exec level, so I can focus on science and vision.”
Impossible Foods and Motif FoodWorks bury the legal hatchet in IP dispute; Impossible to take over Motif’s heme business
September 3, 2024
The warring foodtech firms have agreed to dismiss the case with “each party to bear its own costs, expenses, and attorneys’ fees.”
Brief: Sustainability could have a big impact on business structures for dairy, says new RaboResearch
August 30, 2024
Reaching sustainability targets could be a big driver for M&A deals in the dairy sector, according to RaboResearch.
The Week in AgriFoodTech: Sunswap raises $22m to clean up the cold chain, US DOD bets on mycoprotein
August 29, 2024
Plus: Delivery Hero plans an IPO in the Middle East, Mycorena gets acquired.
ZBiotics raises $12m Series A for its ‘proudly GMO’ probiotics targeting gut health, hangovers and more
August 28, 2024
ZBiotics will expand its retail footprint as well as bring more use cases for its genetically engineered probiotics to market.
Brief: Plant-based seafood co New School Foods lands additional funding from IKEA & others ahead of commercial launch
August 28, 2024
New School Foods has also unveiled a pilot facility that will enable commercial-scale production of its whole-cut plant-based salmon.
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