This week, India-based Rebel Foods raised a whopping $210 million for its cloud kitchen business and Brazilian climate tech Terradot, now headquarterd in San Francisco, closed a $58 million Series A round.
Outside of funding, vertical farming Plenty closed up its Compton farm, saying it would focus entirely on strawberry production now, while John Kempf’s Advancing Eco Agriculture nabbed a USDA rural development award.
Funding
🇮🇳 Rebel Foods secures $210M series G funding from Temasek QSR Media Asia
🇧🇷 Terradot raises $58M series A round LatamList
🇺🇸 Biostimulant-maker Sound Agriculture bags additional $25M, will pay growers to replace nitrogen and phosphorus AgFunderNews
🇨🇭 Yeastup raises €9.47M to turn dairy site into facility upcycling spent brewers’ yeast Vegconomist
🇷🇸 Bpacks logs €1M pre-seed funding for world’s first bark-based, 100% compostable packaging Tech Funding News
🇱🇹 Freya Cultivation Systems secures €500K Seed to boost greenhouse cultivation Tech.eu
🇧🇬LAM’ON raises investment for bio-based packaging solutions Tech.eu
🇮🇱 ICL announces follow-on investment in Plantible Foods and celebrates industry recognition for innovative food ingredient BusinessWire
🇦🇺 New Wave Biotech raises €1.2 million to transform R&D in synbio and alt protein production EUStartups
M&A, IPOs & partnerships
🇺🇸 AgroLiquid acquires Monty’s Plant Food to expand sustainable crop nutrition AgricultureDive
🇮🇱 Phytech secures strategic partnerships with Rivulis and Netafim to drive global digital farming transformation Farming Online
Funds, grants & accelerators
🇺🇸 USDA Rural Development Awards Advancing Eco Agriculture $3.8 million grant to expand production of regenerative farming nutrition products Businesswire
🇬🇧🇨🇱 New fund from Astarte & Toesca underscores the promise of investing in Latin America’s permanent crops AgFunderNews
🇩🇰 Novo Nordisk Foundation grants €134M to establish the Biotechnology Research Institute for the Green Transition (BRIGHT) PR Newswire
People moves
🇮🇩 EFishery names interim CEO, CFO amid investigation TechInAsia
Other news
🇺🇸 Plenty closes Compton farm, transitioning to strawberries full time Vertical Farm Daily
🇦🇺 Australian start-up All G receives go-ahead to sell animal-free milk product in US Food Ingredients First
🇺🇸 Grubhub to pay $25M in FTC settlement Restaurant Dive
🇺🇸 Wiliot recognised by 2024 Progressive Grocer Impact Awards IOTInsider
🇦🇺 Australian researchers build AI powered “smart cow” to help ranchers CNN Business
🇺🇸 AquaBounty announces plans to cease fish farming operations AquaBounty Technologies
🇺🇸 Judge blocks rule that eased U.S. reviews of biotech crops Science
🇸🇬 Oatly closes Singapore plant, relocates APAC ops to Europe Tech In Asia
