Data Snapshot: Alt-protein, functional foods raise record $1.4bn in H1 2021
The category includes cell-cultured meat, plant-based analogs, fermented and fungi-based proteins, functional foods, and other novel ingredients.
The category includes cell-cultured meat, plant-based analogs, fermented and fungi-based proteins, functional foods, and other novel ingredients.
Elsewhere, AFN examined data which suggests that agriculture is far from pulling its weight when it comes to carbon credits generation.
Beyond venture capital, private equity, and general debt, there is one valuable potential source of cash that many agrifoodtech startups are overlooking.
Protein has become a bit of a battleground in Australia of late; but the economics suggest there’s plenty of room for all players – traditional and alternative.
Startups focused on food and water received more climate-conscious capital than those in any other sector over the past 12 months, according to Climate Tech VC.
Its self-described “robotics as a service” platform combines robotic tractors with management software to complete a range of tasks.
Since the start of the year six agtech SPAC deals have been announced – most involving indoor farming or biotech, and all valued at over $1 billion.
Regenerative ag topped the headlines over the past seven days as agrifood colossi Cargill, Heineken & Nestlé each announced new initiatives.
Auckland-based Accuro is one among this new crop of startups, and it’s attracting worldwide attention with its innovative system for maturing wine and spirits.
M&A activity was concentrated in the US, which hosted over half of all deals – with Europe and Asia Pacific accounting for 19% and 11% respectively.
Growthwell said it’s working on “a new collection of seafood and chicken alternatives aimed at the growing number of flexitarians” across Asia.
Spiber is valued at $1.22 billion following this latest round – while SpotOn hit a post-money valuation of $3.15 billion, according to reports.
“At Careem, we were barely scratching the surface. From tax filing [to] transportation, we realized no-one had tried to solve the problems of the retail industry.”
Meat for human and animal consumption is responsible for 57% of food production’s emissions – with beef alone making up 25%.
The Jakarta-based company says it wants to become “the leader in creating delivery-first food and beverage brands in Southeast Asia.”
Marine bioproducts derived from resources like algae could add $3 billion to the Australian economy by 2035 – while also building a more resilient food system.
While mega-deals involving seven Chinese e-Grocery startups accounted for $3.8 billion of H1’s figure, funding to other countries is still on track to outpace 2020 levels, according to the latest data from AgFunder.
Don’t forget to register for the GROW Impact Accelerator’s virtual Demo Day taking place next week.
In other news, Carbon Robotics, Plantible, and Olio raised big rounds.
The Jakarta-based startup is relying on micro-fulfillment, refrigeration, and last-mile, ‘in-time’ delivery – as well as its 1,000-plus farmer partners – to do it.
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International Fresh Produce Association launches year 3 of its produce accelerator