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Team Hysata. Image credit: Hysata

The Week in AgriFoodTech: Hysata snags $111m for green hydrogen, Ocean 14 launches $200m+ fund

May 16, 2024

This week, green hydrogen startup Hysata raised a whopping $111 million and Rize bagged funds to decarbonize rice production. Elsewhere, the Ocean 14 Capital Fund announced more than $200 million in ocean health investment, and Uber scooped up Delivery Hero’s Taiwan business for nearly $1 billion.

Mimic’s robot. Image credit: Mimic

Foodtech funding

🇺🇸 ByHeart raises $95m to support commercial launch in the US FoodBev Media

🇺🇸 Pepper secures $30 million in Series B funding to empower independent foodservice distributors Business Wire

🇸🇬 Temasek-backed Allozymes secures $15m for European expansion Tech in Asia

🇨🇭 Zurich-based mimic grabs €2.3 million to further develop a collaborative robot with humanoid hands EU Startups

Team Hysata. Image credit: Hysata

Agtech funding

🇦🇺 Green hydrogen startup Hysata pockets record $172 million [$111.3 million USD] Series B Startup Daily

🇸🇬 🇻🇳 🇮🇩 Singapore’s agritech platform Rize raises $14 million in Series A funding to expand into Vietnam and Indonesia Vietnam Investment Review

🇮🇳 With a fresh $13m, Niqo Robotics aims to help smallholders ‘lead the innovation curve’ in AI farming AgFunderNews

🇮🇩 East Ventures backs $2.7m round of Indonesian climate tech startup Tech in Asia

🇮🇳 Agritech firm Poshn raises $4 million in funding led by Prime Ventures Partners, Zephyr Peacock Economic Times

🇩🇪 German agtech hexafarms secures €1.3M for AI-optimised commercial food production Tech Funding News

🇳🇿 Kiwi agritech Metrovate plants $1 million Seed raise Startup Daily

The New Culture team
The New Culture team. Image credit: New Culture

M&A, IPOs & partnerships

🇹🇼 Uber to buy Delivery Hero’s Taiwan business for $950 million Bloomberg

🇲🇽 🇺🇸 Grupo Bimbo and Oobli Partner to Integrate Sweet Proteins in Baked Goods PR Newswire

🇺🇸 🇮🇳 LettUs Grow and Valoya India partner to bring advanced aeroponic technology to India and the Middle East Agritech Tomorrow

🇺🇸 Unilever brand The Vegetarian Butcher partners with ‘animal-free’ egg protein pioneer The EVERY Co AgFunderNews

🇺🇸 New Culture strikes strategic partnership with CJ CheilJedang to ‘unlock commodity pricing’ for dairy via precision fermentation AgFunderNews

People news

🇧🇷 Andre Weinmann Appointed as President of NotCo Brazil Vegconomist

🇺🇸 Benson Hill names Dan Cosgrove as chief administrative officer and general counsel Benson Hill

Cohort 5 of the AgFunder GROW Impact Accelerator at this week’s welcome session

Funds, grants & accelerators

🇸🇬 From novel cereals to electrostimulation for plants: AgFunder’s GROW Impact Accelerator selects 8 startups for 5th cohort AgFunderNews

🇬🇧 Ocean 14 Capital Fund champions the blue economy with €201M investment in ocean health Tech.eu

🇱🇺 Peakbridge closes $187m Growth Fund II, homes in on disruptive potential of AI AgFunderNews

🇰🇷 Simple Planet eyes 2025 regulatory approval in South Korea after $8m government grant for cultivated meat Green Queen

🇦🇺 GoFarm to launch debut diversified agriculture fund AgriInvestor

Image credit: Ivy Farm

Other news

🇺🇸 Alabama follows DeSantis’ lead in banning lab-grown meat CBS

🇩🇰 Beyond Leather Materials launches full-scale production of alt leather from upcycled apple waste Vegconomist

🇺🇸 Deere lays off 34 more workers in Illinois Agriculture Dive

🇬🇧 Rishi Sunak lays out UK food security plan to withstand climate and war Reuters

🇫🇮 Ivy Farm to scale cultivated meat production at Finnish government backed innovation hub Food Manufacture

🇺🇸 Meat labeling bill amended to restrict SNAP purchases of egg substitutes Iowa Capital Dispatch

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