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Image credit: ProteinDistillery

The Week in AgriFoodTech: ProteinDistillery brews up $16m, Rozana raises $22m for rural commerce in India

March 7, 2024

There’s been a lot of news brewing lately around fermentation, including a new raise by Germany’s ProteinDistillery. Over in India, Rozana, which runs an e-commerce/logistics platform for rural parts of the country, announced its own fundraise this week. Stateside, famed hot dog-maker Oscar Mayer unveiled a plant-based “NotDog” in partnership with NotCo, John Deere’s “right to repair” case drags on, and Iowa saw new legislation around meat labeling.

Image credit: ProteinDistillery

Foodtech funding

🇩🇪 ProteinDistillery secures over €15m to launch Europe’s first Prew:tein Competence Center Vegconomist

🇫🇷 French startup Bene Bono bags €10M to combat food waste Silicon Canals

🇸🇬 Ai Palette raises $5.7m to expand AI-powered insights platform, adds ‘FoodGPT’ chatbot AgFunderNews

🇨🇭 Cultivated Biosciences raises $5m seed round to expand ‘yeast cream’ platform for alt dairy AgFunderNews

🇺🇸 Umaro Foods raises $3.8m in new financing as it scales up meat-free bacon ‘at half the cost’ of animal bacon AgFunderNews

🇬🇧 PE firm ABC Impact backs UK-based food waste management startup Winnow Deal Street Asia

Team Rozana. Image credit: Rozana

Agtech funding

🇮🇳 Rural commerce startup Rozana raises $22.5 million in funding from Bertelsmann, others The Economic Times

🇩🇰 NitroVolt raises funding from BackingMinds to eliminate the carbon footprint from worlds’ most CO2 polluting chemical production AgReads

🇩🇪 Sunfire raises over €500M to boost European’s green hydrogen economy Tech.eu

Image credit: Cibus/The Flavour Farm

M&A, IPOs & partnerships

🇸🇪 Swedish private equity firm buys fish health specialist Fish Farmer Magazine

🇺🇸 🇬🇧 Sappi North America and Biophilica Partner to launch the first plastic-free leather alternative of its kind Sappi

Funds, grants & accelerators

🇺🇸 Illinois invests $680M in biotechnology sector to enhance biomanufacturing and precision fermentation capabilities Vegconomist

🇬🇧 Cibus Capital lands $645m to invest in mid-market and late-stage agrifood companies AgFunderNews

People moves

🇺🇸 Phospholutions, Inc. expands its executive team with the appointment of Megan Lyman as General Counsel and Bert Frost of CF Industries as Board Chair Phospholutions

“NotDogs”. Image credit: Oscar Mayer/NotCo

Other news

🇳🇱 Source.ag unveils autonomous irrigation solution Vertical Farm Daily

🇺🇸 John Deere right-to-repair case could face extended delay on data dispute DTN Progressive Farmer

🇨🇦 Lucent Bio expands to the US, EU and Latin America World Fertilizer

🇺🇸 Oscar Mayer is launching a plant-based hot dog NBC

🇩🇪 ‘Glyphosate is safe’: Facing tens of thousands of lawsuits, Bayer names ongoing Roundup-related litigation a top priority AgFunderNews

🇺🇸 FDA greenlights Superbrewed Food’s postbiotic cultured protein for dairy and alt-dairy Food Ingredients First

🇺🇸 NewLeaf Symbiotics latest news: launches TS201 biocontrol technology iGrow News

🇬🇧 Novel Foods Group reveals $500M precision fermentation hub to produce Brazzein Cultured-X

🇮🇱 🇺🇸 Yo Egg moves into US retail with ‘world first’ poached and sunny side up ‘whole’ plant-based eggs AgFunderNews

🇺🇸 Gro Intelligence lays off 60% of staff, secures some 11th hour funding AgFunderNews

🇺🇸 Meat labeling bill advances in Iowa House after Senate approval Successful Farming

🇺🇸 Babylon Micro-Farms is bringing vertical farming to K-12 classes TechCrunch

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