French startup Ÿnsect has signed a memorandum of understanding (MOU) with Korean food company LOTTE to explore human food applications for edible insects.
The category’s strong fundraising performance underscores its potential to positively impact Asia-Pacific, especially when it comes to smallholder farmers.
Tridge, a South Korean B2B platform connecting buyers and sellers of fresh agricultural produce, is doing around $15m in sales per month, according to the company.
It will use the funding to launch into other countries through partnerships with local players.
The Seoul-based startup closed a $15 million Series B round last month, with the Asian Development Bank among the participating investors.
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.
Shiok Meats is planning to open a production facility in its native Singapore by 2023 to cultivate cell-based shrimp, lobster, crab, and crayfish at commercial scale.
The South Korean startup will set up packing and warehousing facilities in 50 “strategic” countries while hiring to expand its engagement, fulfillment, and platform development teams.
The Korean chemical giant’s Singapore agribiz hub will “pioneer solutions for the world food supply chain through innovation, not just plain food trading,” its CEO tells AFN.
The South Korean e-grocer claims to have introduced the first end-to-end e-commerce cold chain in the country, and almost trebled its registered users last year.
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