This week, salmon-farming startup First Water raised $43 million, while precision fermentation company INTAKE closed a $9.2million Series C deal, and Accel India lead a $6.7 million round for ag marketplace AgroStar.
On the corporate side, CNH Industrial bought intellectual property and assets of Advanced Farm, and the EU granted a $55 million loan for Swedish ag giant Lantmännen to build a pea protein factory for meat alternatives.
Startup funding
🇮🇸 Iceland’s First Water nets $43m to promote sustainable salmon production; aims to add 330 new jobs Silicon Canals
🇰🇷 Alternative protein startup INTAKE raises $9.2m in Series C funding Startup Recipe
🇮🇳 Accel India leads $6.7m funding in agritech firm AgroStar Tech In Asia
🇨🇦 Raven Capital cultivates Indigenous-led biotech company AdvancedAg with $2m seed investment Betakit
🇯🇵🇺🇸 SeafoodAI secures investment from NEC X, accelerating AI-powered biometrics to enhance seafood sustainability Globe Newswire
M&A, IPOs & partnerships
🇺🇸 Salad giant Taylor Farms acquires beleaguered AI-powered weeding startup FarmWise AgFunderNews
🇦🇹🇷🇴 BioCraft Pet Nutrition, Prefera Petfood partner on cell-cultured pet food Petfood Industry
🇬🇧 CNH acquires intellectual property and assets of Advanced Farm The Robot Report
🇸🇪🇩🇪 Europe’s largest dairy cooperative merger could open new opportunities for plant-based innovation Vegconomist
Funds, grants & accelerators
🇺🇸 J.P. Morgan’s Campbell Global raises $1.5bn for climate-focused timberland fund ESG News
🇩🇪 Revent rocks the boat with a fresh $109m to invest in people and the planet TechCrunch
🇸🇪 EU grants $55m loan for Swedish ag giant to build pea protein factory for meat alternatives Green Queen
🇪🇪 Estonian UP Catalyst receives $20m from EIB to scale CO2-based raw material production Arctic Startup
🇬🇧 Scottish Enterprise awards $1.4m to Green Bioactives for sustainable biomanufacturing Scottish Financial News
🇨🇭Teen entrepreneurs PURA win European Earth Prize for superbug-fighting water tech Tech.eu
🇺🇸 Bezos Earth Fund and Global Methane Hub launch initiative to breed low-methane livestock Beef Magazine
People moves
🇬🇧 Ivy Farm appoints Gail Francis to lead commercial efforts for premium cultivated Wagyu beef Vegconomist
🇺🇸 Pivot Bio announces appointment of Travis Frey as Chief Technology Officer PR Newswire
Other News
🇺🇸 MycoTechnology discontinued alt protein biz last year to focus on flavor modulation, sweetening, says CEO AgFunderNEws
🇦🇺 Cultured quail startup Vow gets FSANZ regulatory approval in Australia & New Zealand Green Queen
🇺🇸🇨🇦 Prime Roots announces Canadian debut Vegconomist
🇬🇧 First consignment of GigaFarm tech shipped from UK to UAE Vertical Farm Daily
🇺🇸 Elmhurst 1925 expands national Whole Foods Market distribution with three SKUs PR Newswire
🇨🇳🇺🇸CellX expands into US market with GRAS-cleared morel mycelium and New Jerky brand Vegconomist
🇨🇱 NotCo opens access to its game-changing AI technology to speed product innovation Food Navigator USA
🇦🇺 Nourish Ingredients scales alt-fat Alt-Meat
🇺🇸 DoorDash, Coco to bring delivery bots to Chicago and Los Angeles Restaurant Dive
