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Makeup created with plant-based pigments from Sparxell. Image credit: Sparxell

The Week in AgriFoodTech: Aqua Capital closes $450m fund, Onego Bio ‘poaches’ $40m, BurnBot raises $20m

April 4, 2024

Agrifood private equity firm Aqua Capital this week announced the close of its $450 million Fund III, which will invest in sustainable agrifood solutions. Other noteworthy raises this week (and there are a bunch) include egg protein startup Onego Bio, wildfire prevention system BurnBot, and Seso, which is using software to address the US farm labor shortage.

Onego Bio’s animal-free egg white ingredient, Bioalbumen. Image credit: Onego Bio

Foodtech funding

🇫🇮 Onego Bio poaches $40M series A to launch precision-fermented egg protein in North America Green Queen

🇺🇸 Profluent raises $35M in additional funding FinSMEs

🇺🇸 Full Glass Wine raises $14M to continue DTC marketplaces spree, buys Bright Cellars Techcrunch

🇸🇪 Swedish startup Ironic Biotech raises €1 million pre-seed to help people suffering from iron deficiency and anemia EU Startups

🇳🇱 Time-travelling Milkman raises €850K to “cream” plant-based dairy with sustainable sunflower fat Vegconomist

Seso’s platform aims to address labor shortages and management in agriculture. Image credit: Seso

Agtech funding

🇺🇸 Seso inks $26 million to address US farm labor shortages Impact Alpha

🇺🇸 BioConsortia secures $15 million in latest funding round Agribusiness Global

🇰🇪 InfraCo Africa commits US$12 million to scale SunCulture’s solar irrigation across sub-Saharan Africa AFSIA

🇸🇪 Stockholm-based Agteria Biotech secures €1.4M from Norrsken Launcher to combat methane emissions Silicon Canals

🇮🇩 Indonesia’s Fishlog successfully closes pre-Series A extension round TechNode Global

Makeup created with plant-based pigments from Sparxell. Image credit: Sparxell

Climate tech, bioenergy & biomaterials funding

🇺🇸 BurnBot raises $20 million to develop wildfire-preventing technology TechTimes

🇬🇧 L’Oreal backs sustainable pigment maker Sparxell UKTN

🇮🇩 Wavemaker-backed WasteX raises $450k to expand biochar solution across Indonesia Tech in Asia

🇮🇳 Bambrew secures $7.19m in Series A funding round Packaging Gateway

Image credit: Aqua Capital

Funds, grants & accelerators

🇧🇷 Aqua Capital closes Fund III on $450 million Agri Investor

People moves

🇺🇸 Daring Foods CEO to step down Just Food

🇺🇸 Bumble Bee Seafoods announces new CEO PR Newswire

🇸🇬 Ai Palette appoints Ashish Jha to spearhead growth consulting & analytics

Vow cultivated quailia
The ‘Hokkaido Wagyu Sando,’ a milk bun topped with A5 Hokkaido Wagyu and Forged Parfait from Vow. Image credit: Vow

Other news

🇺🇸 Whirlpool lays off entire team for cooking and recipe app Yummly The Spoon

🇦🇺 Vow becomes third company to launch cultivated meat, but it isn’t starting with chicken nuggets… AgFunderNews

🇸🇬 Grab, Delivery Hero talks came under Singapore competition watchdog’s radar Deal Street Asia

🇬🇧 🇷🇸 Sustainable packaging startup Bpacks unveils bioplastics from bark: ‘It’s a massively underutilized natural resource’ AgFunderNews

🇳🇱 Dutch brands agree to make half of the recipes on food packaging meatless Green Queen

🇮🇱 Casein… from potatoes? Molecular farming startup Finally Foods emerges from stealth AgFunderNews

🇺🇸 Egg Innovations is set to introduce in-ovo technology to help eliminate chick culling practices within the egg industry PR Newswire

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