This week, Swiss direct air capture (DAC) startup Climeworks raised $162 million to scale up its carbon capture technology and Polish startup Proteine Resources netted $11.2m to build an autonomous insect protein factory.
On the CPG front, Danone grabbed a majority stake in medical nutrition company Kate Farms and 138-year old Del Monte Foods filed for bankruptcy.
Startup funding
🇨🇭 Swiss DAC firm Climeworks closes $162m led by Swiss investors Axios
🇮🇳 Eggoz raises $20m funding to expand branded egg business Times of India
🇵🇱 Polish startup Proteine Resources raises $11.2m to build autonomous insect protein factory and launch beef alternative for pets EU Startups
🇮🇳 Sixth Sense Ventures invests $7m in Eeki to accelerate climate-resilient farming Agro Spectrum
🇬🇧 Neutonic raises $4m for expansion of nootropics range The Grocer
🇮🇳 Loopworm raises $3.3m to power a protein revolution using silkworms Indian Startup Times
🇫🇷 Cosma raises $2.9m to map deep-sea ecosystems with autonomous robots Tech.eu
🇮🇱 Israeli Algocell secures $2.8m in pre-seed funding to optimize bioprocessing with AI Israeltrade
🇳🇱 Amsterdam’s Balthazar raises $2.1m in pre-seed round to build the first OS for deep tech R&D labs Silicon Canals
🇧🇷 Brazil’s Future Cow raises $885k to scale up animal-free dairy proteins via fermentation Green Queen
M&A, IPOs & partnerships
🇫🇷🇺🇸 Danone completes acquisition of plant-based nutrition company Kate Farms The Plant Base Mag
🇺🇸🇵🇭 Atlantic Natural Foods agrees to potential sale of Loma Linda, Tuno to Filipino food giant Green Queen
🇩🇪 VAN HEES and BLUU Seafood Partner to Develop Hybrid Cultured Fish Products Cultivated X
🇩🇪 Modern Meadow partners with Mercedes-Benz on leather alternative for Concept AMG GT XX Tire T
🇺🇸 🇳🇿 Platform10 signs MOU with the Biological Products Industry Alliance to ‘enhance grower confidence in biological products’ AgFunderNews
Funds, grants & accelerators
🇫🇷 Paris-based private equity firm Omnes Capital raises $132m for its DeepTech focused Omnes Real Tech 2 fund EU-Startups
🇳🇴 Alliance VC announces $47m first close for AI-focused Nordic fund Vestbee
🇦🇺 Kilter Rural shelves agriculture fund after fundraising falls short Agri Investor
People moves
🇺🇸 Digital farming company Fieldin appoints Iftach Birger as CEO CTech
Other News
🇬🇧 Bluemethane deploys first production-scale methane-capture unit at biogas plant AgFunderNews [Disclosure: AgFunderNews’ parent company AgFunder is an investor in Bluemethane.]
🇺🇸 Flagship Pioneering’s new RNA-based crop protection company could provide ‘a huge way to deal with climate change’ AgFunderNews
🇸🇬 TreeDots shuts Malaysia unit, citing ‘unsustainable’ operations Tech In Asia
🇺🇸 Del Monte Foods, 138-year old grocery store staple, files for bankruptcy CNN Business
🇫🇷🇩🇪 Creating biotech for the post-deforestation era: SMEY launches NOY, a ‘Neobank of Yeasts’ for cultivated oils Tech.eu
🇨🇳 Starbucks challenger Luckin Coffee enters U.S. for first time QSR Magazine
🇫🇮 Oat-based cheese brand Mö sees 88% sales growth in Finland, eyes European expansion Vegconomist
🇮🇳 Indian food delivery platform Swiggy launches $1.20 meals to attract budget-friendly users Tech In Asia
🇬🇧 British startup Multus taps AI & automation to create serum-free media for cultivated meat Green Queen
🇩🇪 Veganz Group spins-off Mililk unit as $35m realised from Orbifarm sale Just Food
