Climate startup FLINTpro lands $9 million and Meatable says it can produce cultivated pork in just eight days.
Restaurant-tech startup Incentivio scored new funding and one food delivery startup says it’s reached profitability.
Biotech startup MicroHarvest and sustainability measurement platform Improvin’ also raised funds; Beyond Steak is approved by the AHA.
Beyond Meat CEO Ethan Brown says he is confident of returning to growth and achieving cashflow positive status in the second half of this year, after posting a 17.7% decline in net revenues to $195.5m in the first quarter of 2023.
Ecorobotix offers weeding and crop protection via its “high-precision sprayer” for targeted herbicide, fungicide and pesticide application.
Robots that automate the task of weeding are far and away the most popular right now amongst specialty crop growers, says Western Growers.
Plus, Meati expands across the US & agronomy service Agrii invests in Drone Ag.
Agrifoodtech investment in Europe fell 46% to $5.1bn in 2022, consistent with a 44% drop in global funding. But there were some bright spots…
While the world is facing the challenges of sustainable food production intensification, new technologies offer a tremendous opportunity to address these issues, writes Marco Brini in the wake of publishing a book about digital ag adoption.
Several biomaterials startups made headlines with fundraises, partnerships and other developments for leather, wood and oil alternatives.
Woodoo—a French biomaterials startup transforming low-grade wood into high-performance, low-environmental impact materials—has raised $31m.
Plus, $53 million for restaurant tech platform Odeko, new CRISPR-based research and non-browning bananas.
High-tech solutions to end male chick culling by sexing chicks before they hatch are “more advanced than people realize,” insists the founder of new nonprofit Innovate Animal Ag. At the same time, organizers of the global Egg-Tech Prize have not yet issued a final award because “none of the applicants met the criteria.”
Copenhagen is one of several markets impacted economic headwinds and Infarm’s decision to focus on markets headed towards profitability.
Tevel is partnering with ag machinery manufacturers and integrating its robots and ground computing software system with harvesting machinery.
Only half of agrifood corps have used startup scouting in open innovation efforts, preferring to collaborate with research, according to new report.
Meanwhile, vertical farm Kalera gets delisting notice from Nasdaq and Australian eGrocer Milkrun shuts down after just 18 months of operation.
Bel Group—the multinational firm behind cheese brands Babybel, The Laughing Cow, and Boursin—has teamed up with AI-powered startup Climax Foods to develop plant-based versions of its iconic brands for launch in Europe and the US by the end of 2024.
Copper has been used as a fungicide since the 1800s with no pathogen resistance. VM Agritech builds on this ancient solution with a broad-spectrum, copper-and-zinc-based fungicide.
AFN caught up with Klim CEO Robert Gerlach in San Francisco last month to learn more about their work, how the European market compares to the US, and whether the potential for carbon farming and markets is over-hyped.
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