In agtech, deals from Grow Indigo, FreezeM and others were all about insect farming, forest restoration and capturing more carbon.
Meanwhile, collaborative investment platform FoodShot Global announced the winners of this year’s esteemed GroundBreaker Prize.
Ostara closes $70 million round and more than one vertical farming startup ceases operations.
Local Bounti raises new funds for indoor farming while Bill Gates and others start a new venture to decarbonize rice production in Asia.
Bread-baking robots get funding, GM invests in MycoWorks and Smart Asset raises new capital for its precision-spraying tech for orchards.
Meanwhile, Estonia-based FlyFeed lands funds to build insect farms and more delivery robots head to university campuses courtesy of Grubhub and Starship.
Canada’s Elevate Farms got a fresh injection of capital for its indoor farming business and Gourmey raked in funds for its cultivated foie gras ambitions.
Cloud kitchens continue to rake in the funds; agtech investors swarm around insect protein startups.
Front-of-house restaurant software startup Zenchef cooks up new financing and Land O’Lakes’ Truterra arm lands a grant from the USDA.
France’s Capagro launches $200 million agrifoodtech fund, Gotham Greens lands $310 million, and animal-free cheese developments proliferate.
An eGrocer bagged new capital, Uber and Nuro struck a major deal, and one company legally served foie gras in California.
Carbon-neutral milk company Neutral Milk closed a Series A round and a few different cultivated meat startups reached new milestones.
Fashion designer Stella McCartney is helping launch a climate-focused fund and alt-protein heavyweight Eat Just raised capital to expand in China.
Layoffs, cuts, and reorganizations continue across the foodtech industry, especially for restaurant-related businesses like Sweetgreen and Deliveroo.
Source Global bagged a late-stage round for its drinking water tech and alt-protein startup Paleo unveiled some pre-historic meat analogues.
Canadian indoor farming company Fieldless Farms raised Series A funding and MycoWorks debuted hats made from mushroom roots.
While foodtech startups feel the crunch of the current downturn, fundraising in agtech and alternative protein keeps coming.
Also: Israeli foodtech startup Phytolon landed $14.5 million, and two food delivery firms were raided by EU authorities over antitrust concerns.
Elsewhere, e-grocer Ocado raised $700 million from the public markets.
France’s HappyVore secured nearly $40 million to open a facility for plant-based meat while cereal giant Kellogg split into three independent companies.
