“In seeking Series A investors, we were intentional about collaborating with experienced food industry professionals,” says CEO Matt Gibson.
Monarch Tractor will scale its manufacturing capabilities; while Bayer and Microsoft said they’ll build “the go-forward infrastructure” for digital ag.
The Tel Aviv-based startup “feeds microorganisms instead of cows,” allowing it to avoid many of the ecological pitfalls of traditional dairy cattle production, it says.
The Shanghai-based firm has also signed Adisseo, Temasek, and UAE government-linked investor ADQ as LPs for its new China-focused fund.
The Asia Sustainable Foods Platform will co-invest $22.2 million alongside Singapore’s national R&D agency into the new Food Tech Innovation Center.
TurtleTree said it will use the capital to move closer towards the commercial launch of its first cell-based milk protein products.
It’ll use the Series A capital to hire talent and build an in-house facility to create larger quantities of its ingredients for food manufacturers.
In other news, Carbon Robotics, Plantible, and Olio raised big rounds.
Wendy’s is working with Reef to place kitchens in parking lots, while an ingredients marketplace serves up $72 million in funding.
The Ginkgo Bioworks spinout will use the proceeds from the BlackRock and Ontario Teachers’-led Series B round for R&D, commercialization, and hiring.
High Throughput Screening Research Associate: If you love working with robots, we are looking for you! Do you have a passion for using biotechnology to
“In industries like aerospace and manufacturing, Singapore provides vital components for other countries. There’s no reason we can’t do the same for alt-proteins.”
Unsurprisingly, the challenging funding environment was top of mind for many founders, but it’s not the only thing disturbing their sleep…
While the concept of minimal viable product (MVP) has proven its value in software, it doesn’t translate so well into food Unlike software, a food product cannot be “patched” once it hits shelves…
Plus: How not to waste 316 million pounds of food this Thanksgiving…
Plus: Malaysian farm-to-restaurant platform Secai Marche raises Series A funding.
Israel-based agrifoodtech startups have closed just 17 funding rounds since the start of the conflict. Raising some $161 million since October 7, 2023, the total is a 72% drop on the same period the year before, and some 73% fewer deals.
Plus: Germany’s forward earth raises money for its environmental management software.
The firm will use the funds to scale up its production process, which it claims uses a fraction of the water and energy used by brands such as Quorn, with lower capital expenditure.
Agrifoodtech investor PeakBridge has closed its Growth Fund II at $187m in partnership with Edmond de Rothschild Private Equity, bringing its total AUM (assets under management) to more than $250m.
