Funding rounds continue to be slow and on the low side. Catering tech startup HUNGRY raised new capital, as did alt-meat startup Higher Steaks, which rebranded as Uncommon. In agtech, agribusiness platform Unnati Agri and alt-leather startup Arda Biomaterials announced new fundraises.
🇫🇷 Plant-based cheese startup Jay&Joy bags €2 million ($2.2 million) round led by High Flyers Capital. The company will hire new talent and increase R&D and production with the new capital. (Business Leader)
🇮🇳 Agribusiness & fintech platform Unnati Agri lands Rs 28.5 crore ($3.5 million) pre-Series B led by IPL Biologicals. Unnati Agri will use the funding to expand its product line. (VC Circle)
🇪🇪 🇱🇻 Climate tech/carbon credits startup Arbonics partners with Swedbank to launch an “afforestation loan program” for landowners. Loans will initially be offered to landowners in Estonia and Latvia. (Arctic Startup)
Funds, grants & accelerators
🇸🇬 Ross Digital is developing robots that can to cook, make coffee and clean dishes at restaurants. The Singapore government has invested S$3.5 million (US$2.6 million) into the company. (Tech in Asia)
🇬🇧 Broccoli upcycling startup Upp secures £800,000 ($1 million) UK government grant. Upp upcycles waste collected from the broccoli-harvesting process into “sustainable proteins.” (UKTN)
🇺🇸 Instant Pot & Pyrex parent company Instant Brands files for Chapter 11 bankruptcy. The company cites high-interest rates, decreased access to credit, and dwindling cash as reasons. (The Spoon)
🇬🇧 AGRIVI launches an AI-based agronomic advisor named Ed. Ed is available to all agriculture-related companies through AGRIVI’s fully managed platform. (AGRIVI)
🇺🇸 Climax Foods debuts “world’s first” alt-casein. The plant-based ingredient mimics the flavor, texture, melt, and stretch of the dairy protein casein. (Green Queen)
🇬🇧 Extracellular to offer license-free cell banks to cultivated meat startups. The contract development & manufacturing organization (CDMO) will make these banks available to UK developers. (The Spoon)
🇬🇧 Vegan “mince” startup Meatless Farm facing closure. The company has stopped trading and made its workforce redundant. (AFN)
🇺🇸 UPSIDE Foods gets USDA approval for its “cultivated chicken” label in the US.GOOD Meat says it has also obtained USDA approval for its own cultivated chicken labels. (AFN)
🇹🇬 Togo breaks ground on “one-stop-shop” for sustainable ag. The Agricultural Services Centre is a joint initiative of the Togolese government & fertilizer giant the OCP Group, with support from the World Bank.