The Slovenian startup is “on a path to become profitable by the end of this year,” says cofounder and CEO Tilen Travnik.
The team at DIAL Ventures discuss creating companies based on current needs in agriculture, not “solutions looking for problems.”
Peter Rosholm plans to retain the US staff and invest a “substantial” sum to expand capacity, AgFunderNews has learned.
GLP-1 drugs are “the most effective drugs we’ve ever invented for obesity treatment,” but they “aren’t going to cure the obesity epidemic,” says one public health expert.
The capital injection will be used to support entry into new markets, expand the product portfolio, scale production, and accelerate R&D.
New funds will go towards commercializing Catalera products and building out the product development pipeline.
SOLASTA Bio says its biopeptide products perform “as effective or better than standard insecticides.”
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.
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.
“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.
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.
“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.”
While burping ruminants are one of the leading sources of methane emissions, surprisingly small sums—just $233m according to AgFunder data—have been pumped into startups tackling the problem over the past decade.
Expect fewer agtech-specific funds, more corporate involvement and lots of generative AI.
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.”
Grain Weevil says its robot can make storing grain more efficient while keeping farmers out of grain bins and saving lives in the process.
ZBiotics will expand its retail footprint as well as bring more use cases for its genetically engineered probiotics to market.
New School Foods has also unveiled a pilot facility that will enable commercial-scale production of its whole-cut plant-based salmon.
Legume Technology secured a $2.83 million grant from the Gates Foundation for its microbial biofertilizer that increases crop yield.
The agrifood corporates will support TAP in training Canadian agronomists on soil health and other regenerative agriculture practices.
