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Beanless coffee by Voyage Foods. Image credit: Voyage Foods

The Week in AgriFoodTech: Biotech co Digestiva closes $18m round, Syntetica bags $4.5m for nylon recycling

July 18, 2024

The week was dotted by a handful of early-stage rounds for the likes of food biotech Digestiva, nylon recycling company Syntetica, personalized supplements maker Bioniq, and several others. Funds-wise, ag and food investor Tiverton closed its Fund III and Trill Impact raised €90 million ($98 million).

Meanwhile, Voyage Foods entered the bean-less coffee space, alt-protein startup Mycorena filed for bankruptcy, and Cropin launched an “AI-powered” agri-intelligence tool.

Syntetica co-founders Marco Bertone and Louis Monsigny. Image credit: Syntetica

Foodtech funding

🇺🇸 Digestiva closes $18.4 million Series A financing Street Insider

🇬🇧 Bioniq, leader in AI-driven personalized supplements, raises $15mln Series B Zawya

Agtech funding

🇦🇺 Biosecurity threats software startup plants $5.3 million Seed round Startup Daily

🇬🇧 Permia Sensing secures £150K for precision farming techniques in palm plantations Tech.eu

Climate tech funding

🇫🇷 Paris-based Syntetica raises €4.2 million to scale nylon recycling for the global clothing market EU Startups

🇦🇺 Sun Cable OGs raise $1.7 million Seed round for their carbon removal & recycling startup, Fugu Startup Daily

🇬🇧 Briefly Bio raises $1.2M pre-seed to revolutionise scientific experiment documentation with AI Tech Funding News

Container farming units by Farmbox Foods. Image credit: Farmbox Foods

M&A, IPOs & partnerships

🇨🇭 🇺🇸 Syngenta reveals latest tie-up to accelerate launch of ‘pioneering biological solution’ AgtechNavigator

🇺🇸 CORE Electric and FarmBox Foods partner to grow trees for reforestation Colorado Biz

🇺🇸 January AI and Mars leverage AI to generate product and consumer insights Business Wire

🇮🇱 ICL and Lavie Bio leverage AI to advance development of biostimulants Agribusiness Global

🇺🇸 🇳🇴 PepsiCo inks fertilizer deal with Yara to cut food emissions Bloomberg

Funds, grants & accelerators

🇺🇸 Tiverton raises $870m for Fund III Agri Investor

🇸🇪 Trill Impact closes venture fund after raising €90m Impact Investor

🇺🇸 $51 Million federal grant for precision fermentation hub to drive innovation, growth, and job creation in Illinois Vegconomist

🇨🇦 From single-use plastic alternatives to responsible farm AI, Ontario invests $ 7M in research Vertical Farm Daily

People moves

🇨🇦 GoodLeaf Farms appoints Andy O’Brien as new CEO Vertical Farm Daily

🇺🇸 General Mills Names Asheesh Saksena Chief Strategy & Growth Officer General Mills

🇺🇸 FBN appoints Dean Williams to lead its agricultural inputs business FBN

🇺🇸 FBN appoints Guillaume Luebke as CFO FBN

🇺🇸 Kraft Heinz hires ex-Pepsi marketer Todd Kaplan as CMO for North America Ad Age

Beanless coffee by Voyage Foods. Image credit: Voyage Foods

Other news

🇸🇬 Singapore approves 16 insect species for human consumption Smithsonian

🇺🇸 Voyage Foods enters beanless coffee category with bean-free brew for foodservice operators and CPG brands PR Newswire

🇺🇸 Cargill invests $1m in research on methane reduction in cattle Beef Magazine

🇸🇪 Mycorena files for bankruptcy, seeks new ownership to continue pioneering mycoprotein ingredients Vegconomist

🇺🇸 Biome Makers launches new agronomic insights tool BeCrop Farm CropLife

🇮🇳 Cropin launches Sage: World’s first real-time AI-powered agri-intelligence platform Future Farming

🇬🇧 Meatly receives world-first authorisation for cell-cultivated pet food Tech.eu

🇺🇸 Deere backs down from diversity initiatives after online attacks  Ad Age

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