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Image credit: HeavyFinance

The Week in AgriFoodTech: HeavyFinance lands $55m, Bezos Fund commits $60m to alt protein

March 14, 2024

One of the biggest funding rounds this week went to Lithuanian agrifinance platform HeavyFinance, while Bezos Earth Fund announced a $60 million commitment to improve alt protein. Meanwhile, Impossible Foods unveiled a brand refresh this week with bolder packaging aimed squarely at meat eaters.

Cell free protein expression at Tierra Biosciences
Image credit: Tierra Biosciences

Foodtech funding

🇺🇸 Serenity Kids Closes $52m in Series B Funding FinSMEs

🇺🇸 Tierra Biosciences raises $11.4m series A to expand designer protein-to-order platform AgFunderNews

🇨🇦 Burcon closes over-subscribed $4.3 million non-brokered private placement to accelerate commercial plans Yahoo Finance

🇺🇸 KAS announces $3M funding round to expand astaxanthin production Nutraceutical Business Review

🇲🇾 Malaysia-based coffee chain Koppiku brews up $2.5m in funding Startup News

🇳🇱 Dutch startup 1-2-Taste closes seed round, aims to simplify ingredient sourcing for F&B companies Silicon Canals

Image credit: HeavyFinance

Agtech funding

🇱🇹 Lithuania-based HeavyFinance closes €50M fund to decarbonise agriculture Tech Funding News

🇺🇸 Locus Fermentation Solutions raises $30m in debt financing following ‘strategic restructuring,’ revamps carbon farming scheme AgFunderNews

Image credit: Bushel

M&A, IPOs & partnerships

🇺🇸 Compeer Financial® partners with Bushel® to improve digital experience for ag lending Bushel

🇸🇬 Cultivated meat consolidation begins as UMAMI Bioworks to merge with Shiok Meats AgFunderNews

🇺🇸 AgEye announces acquisition of HYVE Vertical Farm Daily

🇺🇸 iYOTAH Solutions partners with The Dairy Brain to lead a new era of innovation iYOTAH

🇺🇸 Wynshop acquires grocery personalization specialist Halla Grocery Dive

🇺🇸 Treasure8 and Suja Life forge partnership to deliver organic sidestream technology FoodBev Media

Funds, grants & accelerators

🇺🇸 Centers for sustainable protein: Bezos Earth Fund to invest $60m for tastier, cheaper & healthier alt-protein Green Queen

🇮🇪 Ireland Announces €9M Funding Initiative to Develop an All-Island Bioeconomy Vegconomist

People moves

🇭🇰 EcoCeres latest news: welcomes Matti Lievonen as executive chairman iGrow News

🇫🇷 Bon Vivant welcomes Antoine Baule as its new chairman LinkedIn

🇺🇸 Liberation Labs taps biotech biomanufacturing veteran Rhys Dale to assist with development & operations of flagship facility Global Newswire

🇩🇪 Gelita installs new CEO Gelita

New, “meatier” packaging for alt-meat. Image credit: Impossible Foods

Other news

🇺🇸 Impossible Foods has always claimed to bleed red, now its label will Food Dive

🇫🇷 Danone discontinues 2 plant-based milk options under its Silk and So Delicious brands Food Dive

🇺🇸 With $1bn in farm operating lines, FBN sees ‘a greater need for financing’ on the near horizon AgFunderNews

🇨🇭 Swiss startup Planted rolls out ‘first of its kind’ fermented plant-based steak AgFunder News

🇺🇸 Deere to lay off 150 workers at Iowa plant Agriculture Dive

🇺🇸 M2 Ingredients expands with novel cultivation and processing facility Nutraceutical Business Review

🇺🇸  Sustainable packaging startup Mi Terro enters paid partnership agreement with Georgia-Pacific LLC Mi Terro  

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