The Week in Agrifoodtech: Foodology’s $50m for ghost kitchens, quick-commerce consolidation
Meanwhile, Estonia-based FlyFeed lands funds to build insect farms and more delivery robots head to university campuses courtesy of Grubhub and Starship.
Meanwhile, Estonia-based FlyFeed lands funds to build insect farms and more delivery robots head to university campuses courtesy of Grubhub and Starship.
Canada’s Elevate Farms got a fresh injection of capital for its indoor farming business and Gourmey raked in funds for its cultivated foie gras ambitions.
Cloud kitchens continue to rake in the funds; agtech investors swarm around insect protein startups.
Front-of-house restaurant software startup Zenchef cooks up new financing and Land O’Lakes’ Truterra arm lands a grant from the USDA.
An eGrocer bagged new capital, Uber and Nuro struck a major deal, and one company legally served foie gras in California.
Carbon-neutral milk company Neutral Milk closed a Series A round and a few different cultivated meat startups reached new milestones.
Fashion designer Stella McCartney is helping launch a climate-focused fund and alt-protein heavyweight Eat Just raised capital to expand in China.
Layoffs, cuts, and reorganizations continue across the foodtech industry, especially for restaurant-related businesses like Sweetgreen and Deliveroo.
Normative bagged funds for its carbon reporting platform and old favorites like donuts and avocados got makeovers with sustainability in mind.
Canadian indoor farming company Fieldless Farms raised Series A funding and MycoWorks debuted hats made from mushroom roots.
While foodtech startups feel the crunch of the current downturn, fundraising in agtech and alternative protein keeps coming.
France’s HappyVore secured nearly $40 million to open a facility for plant-based meat while cereal giant Kellogg split into three independent companies.
Plus: alt-cheesemakers raise new funds, delivery ‘bots head to college campuses, and IKEA strikes a deal with indoor ag startup Infarm.
Elsewhere, US ag robotics specialist FarmWise teased a new weeding implement along with its latest fundraise.
Multiple restaurant tech startups made headlines this week; while a massive, multinational carbon initiative got off the ground in Africa.
War, pandemic, and climate extremes are causing “apocalyptic” food price rises that could “tip tens of millions of people… over the edge.”
Mashgin builds contactless self-checkout machines; while Absolute is vertically integrating the ag value chain. Elsewhere, Brightseed banked $68 million.
Most of the top deals involved eGrocers and Restaurant Marketplaces, highlighting the continent’s thirst for ‘quick commerce.’
“Instant delivery” e-grocer Zepto got closer to unicorn status with its Series D round, while VitroLabs raised funds for its cell-cultured animal leather.
The theme of Earth Day 2022 is “invest in our planet.” In the agrifoodtech community, we’re taking it literally – and must push governments to do the same.
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International Fresh Produce Association launches year 3 of its produce accelerator