The Week in Agrifoodtech: Vertical farmer Spread raises $30m, McWin launches $500m restaurant fund
Source Global bagged a late-stage round for its drinking water tech and alt-protein startup Paleo unveiled some pre-historic meat analogues.
Source Global bagged a late-stage round for its drinking water tech and alt-protein startup Paleo unveiled some pre-historic meat analogues.
Roughly 70% of German agrifood’s $3.3 billion in funding went to just two companies, both part of the now-struggling instant-delivery sector.
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.
Also: Israeli foodtech startup Phytolon landed $14.5 million, and two food delivery firms were raided by EU authorities over antitrust concerns.
Elsewhere, e-grocer Ocado raised $700 million from the public markets.
France’s HappyVore secured nearly $40 million to open a facility for plant-based meat while cereal giant Kellogg split into three independent companies.
Upstream and downstream investment in Europe agrifoodtech were almost on par with one another last year, though upstream closed more deals.
Plus: alt-cheesemakers raise new funds, delivery ‘bots head to college campuses, and IKEA strikes a deal with indoor ag startup Infarm.
Climate-impactful categories were left behind in agrifoodtech investment in Europe in 2021 with over 40% of the total going to the eGrocery category, reveals a new report from AgFunder, F&A Next and Invest-NL.
Elsewhere, US ag robotics specialist FarmWise teased a new weeding implement along with its latest fundraise.
2021 was “a year of momentum for ag biotech and alternative proteins” in the region.
Multiple restaurant tech startups made headlines this week; while a massive, multinational carbon initiative got off the ground in Africa.
Layoffs, redundancies, and cooling investor sentiment are the major themes for instant grocery delivery startups this week.
It also saw upstream agrifoodtech deal numbers surpass downstream deals for the first time, says Omnivore managing partner Mark Kahn.
Bjorn Shen has crafted a mezze platter that’s being served in school and workplace canteens across Singapore.
Alt-protein producers raised several early-stage rounds for meat and dairy alternatives, while two more countries approved the sale of GMO wheat.
War, pandemic, and climate extremes are causing “apocalyptic” food price rises that could “tip tens of millions of people… over the edge.”
The F&A Next 2022 conference highlights 12 startups solving issues ranging from food wastage to providing alternative protein sources. Here are six.