Gousto is a bet on people still finding enough joy and value in cooking their own meals at home — even those in big cities starved for time or charged a king’s ransom for every inch of rental space, writes Richard Martyn-Hemphill.
Finding alternative uses for methane could be an important tool in the fight against climate change as the gas is responsible for at least a quarter of global warming and is over 80 times more powerful than carbon dioxide.
Berlin-based portable vertical farm startup InFarm on Tuesday disclosed a vast Series B raise of $100 million, bringing its total funding to over $134 million. The raise dramatically eclipsed the big vertical farming news from Britain’s Ocado, which had forked out $22m just a day before as part of a majority stake buyout of JFC, as well as for its new joint venture Infinite Acres.
Europe's agrifood tech ecosystem raised just 9% of the funding that went to foodtech and agtech startups globally in 2018. But deal activity increased 23% as agrifood tech startups in the region closed a similar number of deals as in the US.
While the final size of the Series B has yet to be disclosed -- there are still some more potential investors coming into the round, according to CEO Arturo Elizondo -- sources close to the deal say it was raising $40 million.
Retail and restaurant tech is a category of agrifood tech startups encompassing technologies and services aimed at making retail food businesses more profitable as well as improving shopper experience at the supermarket, in restaurants and other brick & mortar stores.
Understory analyzes and processes data to create real-time datasets, views, and actionable information from historical, current and forecasted weather events to provide better insights and early detection of risks.
4Front Holdings, a cannabis investor-turned-multi-state operator engaging in the cultivation, distribution, and retail of cannabis, has closed a $31m venture round. This brings its total funding to over $50 million.