The Week in AgriFoodTech: EvodiaBio scores $7.5m, Microcaps raises $10m, Aleph Farm lays off 30% of staff
Meanwhile, a longtime hot-dog-eating champion got the boot from a famous contest, and plant-based meat is the culprit.
Meanwhile, a longtime hot-dog-eating champion got the boot from a famous contest, and plant-based meat is the culprit.
Plus: more layoffs at Deere and new fundraising to bring AI into the hospitality biz.
Plus: Rize raises new capital to decarbonize rice, Uber scoops up Delivery Hero’s Taiwan business.
Plus: alt-protein investor Big Idea Ventures enters the biologicals sector.
Plus: Delivery platform Pipedream raises $13 million and Florida signs a ban on cultivated meat.
Proprietary tech and proprietary strains of seaweed provide a model that’s scalable anywhere in the world, says Seadling founder Simon Davis.
Swiggy makes more cuts to its workforce, France contemplates a ban on cultivated meat.
Plus: much ado (and fundraising) about ag robotics and many updates from Israel’s startup scene.
Global investment in AgFunder’s ‘Innovative Food’ category (which is dominated by alt proteins) fell by 39% in 2022. However, funding increased by 26% in the Asia-Pacific region. So what should we make of this dynamic?
Two years ago, investors were throwing money at alt protein startups. Today, the environment is way more challenging.