While global foodtech investment declined in 2022, foodtech investment in Spain increased 9.3%, says the founder of Madrid-based foodtech accelerator Eatable Adventures.
Cocoon Bioscience will grow its high-value proteins business, which includes developing recombinant growth factors for cultivated meat.
Roughly 70% of German agrifood’s $3.3 billion in funding went to just two companies, both part of the now-struggling instant-delivery sector.
The world’s largest meat processor plans to acquire a majority stake in Spanish cultivated meat company BioTech Foods.
It aims to take the manual labor out of the ag commodities inspection process using computer vision, machine learning, and IoT.
Prosus Ventures led the Series B round, with JME Ventures and Seaya Ventures among the other participating investors.
The Barcelona-based company started out as an online store for cut flowers. Since then it has gone B2B and added houseplants to its lineup – and now it’s using tech to revolutionize floriculture.
The Spanish ‘q-commerce’ app delivers takeout meals, groceries, and other items on demand to more than 10 million users across 20 European countries.
Spain’s Glovo and Turkey’s Getir are both targeting the boom in demand for so-called ‘q-commerce’ – ultra-quick, 30-minute-max delivery of groceries purchased online.
Front Range Biosciences and Hemp Trading are hoping to help hemp producers avoid having to destroy so-called “hot” crops for exceeding the USDA’s 0.3% THC limit
“Producers, especially in high-value crops, have invested a lot in data gathering. They have a lot of data. But they don’t know what to do with it. They need mathematical insights,” Pedro Carrillo, CEO of ec2ce, tells AFN.
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