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ALOHA protein bars. Image credit: ALOHA

The Week in AgriFoodTech: Kraft Heinz nets $171m for clean energy, ALOHA raises $68m, Poseidon raises $20m

March 28, 2024

This week saw funding rounds a’plenty in foodtech, with capital flowing to protein-bar-maker ALOHA, India e-commerce startup SuperK and alt-protein’s Innocent Meat, among others.

In the CPG realm, Kraft Heinz and Unilever secured sizable sums from the Department of Energy to transition to clean energy, although Kroger fared worse this week, shutting down three e-commerce centers amid shifting consumer preferences.

ALOHA protein bars. Image credit: ALOHA

Foodtech funding

🇺🇸 SemCap invests $68 million in Aloha Food Business News

🇮🇳 SuperK Raises $6 Million, Led By Blume Ventures Outlook India

🇩🇪 Germany’s Innocent Meat bags €3M to enable meat processors to produce cultured meat directly in-house Silicon Canals

🇬🇧 UK foodtech Clean Food Group gets €2.9 million to utilise food waste to deliver sustainable oil and fat ingredients EU Startups

🇻🇳 Vietnamese food-sourcing firm raises $2.1m after hitting profitability in 2023 Tech in Asia

🇮🇪 Irish startup MyGug raises €900K to convert food waste into renewable energy Tech Funding News

A Fieldwork Robotics raspberry picking machine. Image credit: Fieldwork Robotics

Agtech funding

🇨🇦 Poseidon raises US$20.75m in Series B financing FinSMEs

🇬🇧 Bristol-based WASE secures over €9.9 million to scale waste-to-energy technology EU Startups

🇱🇺 Satgana announces €8M fund for early-stage climate tech

🇺🇸 Orchard Robotics raises $3.8m led by General Catalyst to build robots & AI that power precision crop management Yahoo Finance

🇬🇧 Fieldwork Robotics latest news: secures £600k government grant to advance agritech robotics iGrow News

Imagindairy office
Image credit: Imagindairy

M&A, IPOs & partnerships

🇺🇸 Imagindairy and Ginkgo Bioworks collaborate to develop and produce animal-free non-whey dairy proteins PR Newswire

🇺🇸 🇸🇪 Checkerspot and AAK to produce novel, climate change-resistant oils from microalgae & precision fermentation Vegconomist

🇺🇸 Sol Systems, American Farmland Trust launch innovative soil health research initiative Sol Systems

🇺🇸 Vestaron and Simplot Grower Solutions forge strategic distribution partnership to deliver novel sustainable solutions for farmers Yahoo Finance

🇺🇸 AQUA Cultured Foods partners with Ginkgo Bioworks to optimize alt-seafood production PR Newswire

Funds, grants & accelerators

🇺🇸 Kraft Heinz to receive up to $170 million for clean energy projects Supermarket Perimeter

The BrightFarms Chicagoland Greenhouse in Rochelle, IL, in 2016. Image credit: BrightFarms (PRNewsFoto/BrightFarms, Inc.)

People moves

🇺🇸 Deere appoints chief legal officer Agriculture Dive

🇮🇱 ADAMA appoints two new management members: Florian Wagner to EVP portfolio and innovation; Ruthie Zeltzer to EVP people PR Newswire

Other news

🇺🇸 Mucci Farms, BrightFarms owner to launch new veggie greenhouse business HortiDaily

🇩🇰 Danish scientists unlock plant-based protein source from microalgae Food Dive

🇮🇱 PoLoPo unveils ‘SuperAA’ to turn potatoes into protein factories via molecular farming The Spoon

🇺🇸 Kroger to close 3 e-commerce fulfillment facilities Grocery Dive

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