The Week in Agrifoodtech: Muncher grabs $27m for ghost kitchens, Freight Farms lands $17.5m
Meanwhile, it’s more bad news for food delivery, with a quick-commerce startup shutting down and a major service leaving Australia.
Meanwhile, it’s more bad news for food delivery, with a quick-commerce startup shutting down and a major service leaving Australia.
Other notable raises this week came from shelf-stable meal producer Proper Good and Mexico produce rescue company Perfekto.
Agroforestry grows increasingly critical for fighting climate change, restoring biodiversity and boosting incomes and economies for rural communities.
The new funding will enable TouchBistro to expand its restaurant management platform into more restaurants, North America and beyond.
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.
Tractor Zoom will invest in more data science to make its digital marketplace for farm equipment buying as transparent and streamlined as possible.
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.
Growers may also see “further downward price pressure” on phosphates and potash, though the outlook is less sunny for nitrogen.
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.
Canadian indoor farming company Fieldless Farms raised Series A funding and MycoWorks debuted hats made from mushroom roots.
The Californian e-grocer will use the funds to expand its platform, which sells ‘hard-to-find’ Asian and Latin food, household, and beauty items.
Three of the biggest funding rounds announced in the last week involved on-demand food and grocery delivery startups from various countries.
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.
Fabric raised $200 million for its fulfillment robotics platform, while farmer marketplace DeHaat scored India’s biggest-ever agtech round.
Sponsored
Sponsored post: The innovator’s dilemma: why agbioscience innovation must focus on the farmer first