The Week in Agrifoodtech: Licious nets $150m, Bear Robotics raises $81m
Elsewhere, Plantish scored $12 million for plant-based fish – and Mzansi Meat unveiled ‘Africa’s first’ cultivated beef burger.
Elsewhere, Plantish scored $12 million for plant-based fish – and Mzansi Meat unveiled ‘Africa’s first’ cultivated beef burger.
Clean Crop Technologies closed a round for crop protection tools and Protenga nabbed capital for its insect farming operations.
Starship’s delivery bots move into new markets, Source.ag aims to make greenhouses smarter, and cultivated meat arrives at Singapore’s hawker stalls.
Vertical farming and alt-protein saw sizable financings this week, with companies like GrowUp Farms, Novameat, and Wildtype closing significant rounds.
Equip scored $58 million while Tindle parent company Next Gen Foods raised the largest Series A round to date for plant-based protein.
Protix bagged big bucks this week for its insect protein; while Cooks Venture secured capital to breed slower-growing chickens.
Meanwhile, it has been forecast that the plant-based protein sector needs to invest $27 billion in production capacity by 2030 to meet demand.
US hospitality software provider Flipdish raised $100 million in a Tencent-led round, while UK indoor farming startup Vertical Future scored $29 million.
Remilk was one of a bevvy of agrifoodtech startups to close funding rounds above or around the $100 million mark this week.
Elsewhere, soil-sensing company Stenon raised $20 million and John Deere showed off its first commercially available autonomous tractor.
Catering startup ezCater kicked its valuation over $1 billion, alt-protein funding proliferated, and José Andrés started championing cultivated meat.
Ag marketplace Agrostar scored $70 million while delivery and transport app Ola bagged $139 million as Indian startups led in the funding stakes this week.
Restaurant tech platform Mr Yum and indoor gardening startup Back To The Land both announced Series A rounds over the past seven days.
RWDC raised nearly $100 million to advance its sustainable bioplastics; while milk alternative startups New Culture and Helaina both scored funding.
Monarch Tractor will scale its manufacturing capabilities; while Bayer and Microsoft said they’ll build “the go-forward infrastructure” for digital ag.
US on-demand delivery service DoorDash is set to acquire Finnish startup Wolt while, multiple companies around the world raised funds for their food-waste-fighting technologies.
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.
Biomilq, Cometeer, and WayCool were among the startups raising big-ticket rounds this week.
Rebel Foods scored capital from the likes of Qatar Investment Authority and Coatue as it preps for an IPO, while ReshaMandi raised $30 million.