Brief: ADM, Tyson back cultivated meat company Future Meat in record-breaking $347m round
It’s the largest single funding round yet for a cell-cultured meat startup, according to AgFunder data.
It’s the largest single funding round yet for a cell-cultured meat startup, according to AgFunder data.
Infarm is doubling down on its Growing Centres with a target to have 100 across 20 countries by 2030. The Qatar Investment Authority will work with it to build the emirate’s first Growing Centre by 2023.
The deal will add a layer of self-driving capabilities to Fieldin’s existing farm management platform, which relies on tractor-mounted sensors.
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.
Swedish company Nick’s grabbed the biggest funding round of the week, while India’s cloud kitchen market grew and Twiga Foods got $50 million to expand across Africa.
The Abu Dhabi-based company will add over 100 crops to its portfolio, as well as new CEA technologies, through its collaboration with PlanTFarm.
N.Thing said the funds will go towards worldwide commercialization of CUBE, its modular, software-powered vertical farming system.
The Hollywood actor, who’s also joining the startups in an advisory capacity, said they’re solving “some of the most pressing issues [in] industrial beef production.”
“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.”
They’re hoping the insights they derive will revolutionize outdoor production, too.
Qatar and US-based Eat Just will build what they say is “the MENA region’s first-ever facility for cultivated meat” in the Middle Eastern country.
The startup aims to grow its footprint across Saudi Arabia and the UAE, as well as US regions “where growing conditions are harsh.”
This marks the third acquisition for CropX since the start of 2020 as it aims to offer the most comprehensive suite of tech services to farmers.
Nestlé is said to be planning a range of products which blend cultivated meat with plant-based protein.
The Series C round marks the first UAE investment out of SoftBank’s Vision Fund II.
The Israeli startup combines AI-driven technology with exotic and ancient crop types to breed seeds with superior nutritional qualities.
The Chicago-based VC has unveiled the first round of investments out of its new $100 million fund targeting ocean health and aquaculture.
The Tel Aviv-based startup plans to use the Series E funds to pursue M&A deals that will allow it to rapidly scale.
The Israeli company wants to make saffron more accessible and affordable by growing the spice – which is more expensive than gold – indoors with the assistance of technology.
The Israeli startup claims that pilots of its tech have demonstrated results “at least as good” as both bees and manual pollination, with greenhouse tomato yields improved up to 15%.
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