Is Spain emerging as the dark horse of foodtech innovation?
While global foodtech investment declined in 2022, foodtech investment in Spain increased 9.3%, says the founder of Madrid-based foodtech accelerator Eatable Adventures.
While global foodtech investment declined in 2022, foodtech investment in Spain increased 9.3%, says the founder of Madrid-based foodtech accelerator Eatable Adventures.
Cultivated meat startup New Age Eats has made the ‘painful decision’ to shut down after failing to secure funding to complete work on its pilot plant in Alameda, CA.
“Meat alternatives have to win on taste, price and health,” says the CEO of fungi-fueled Australian startup Fable Food. “And we think mushrooms are the best route to do it.”
Oatly raised $425m as it “moves towards reaching financial self-sufficiency,” cultivated meat startup Fork & Good opened a pilot plant in New Jersey, and Klimato secured €4.2 million ($4.5 million) to expand its platform to help restaurants report the carbon footprints of their cuisine.
If we’re being brutally honest, most plant-based cheese brands are over-promising and under-delivering, says the founder and CEO of alt dairy startup Stockeld Dreamery.
eGrocery is still the biggest subsegment in agrifoodtech investing, attracting a cool $5.1 billion in funding in 2022. But that pales in comparison to the jaw-dropping $19 billion raised by food ecommerce startups in 2021, according to AgFunder’s new global investment report.
There’s still scope for innovation in boosting farmer producticity and efficiency as AFDB predicts 60% increased food insecurity.
UK’s Hectare nets $20m Series A to strengthen its Software-as-a-Service (SaaS)offering, boost product development and expand into new international markets.
63% of consumers also agree that snacks with a higher environmental impact should cost more, according to Mondelēz International Malaysia & Singapore.
The Fresh Field Catalyst program seeks solutions for climate challenges as they relate to the produce and floral industries.
A US patent recently granted to Perfect Day— the highest-profile startup in the ‘animal-free’ dairy field—has been challenged by an anonymous petitioner
Agridex says it’s bringing transparency, connectivity and accessibility to ag value chains and its COO, Henry Duckworth believes blockchain is the solution.
Future Fields has raised US $11.2 million to scale up fruit flies as production vehicles for high value ingredients including growth factors for cultivated meat production and human recombinant proteins for medical research and biopharmaceuticals.
Reeiwld says users its database of over 2 million products allows users to view a product’s carbon score and track their daily carbon calories.
Data Snapshot is a regular AFN feature in which we analyze food and agriculture technology investment data provided by our parent company, AgFunder. Click here for more
Nine foodtech startups—from animal-free dairy companies to firms making meaty flavors for meat alternatives—have joined forces to create a new trade association: the Precision Fermentation Alliance.
Learn from other geographies with similar challenges, create room for blended financing and other snippets from the Africa-Korea Agtech Summit
Arkeon claims that ingredients are a bottleneck in the alternative proteins and is out to produce ingredients combined with vital amino acids.
The Covid-19 pandemic had a clear impact on brick & mortar restaurants and retailers, forcing them to innovate to stay afloat, so while globally there was a dip in investment during 2020, it soon picked up in 2021 as these stores adjusted to a new normal that forced many of them to digitize.
BII plans to designate $250 million to African and Indian startups by 2026, including those developing solutions for smallholder farmers.