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The team at food redistribution startup Munch. Image credit: Munch

The Week in AgriFoodTech: New Forests fund makes $300m first close, the EU invests in alt protein

December 21, 2023

This week — the last before the AgFunderNews team takes a holiday break — saw several announcements for new funds and grants, including a $300 million first close for New Forests fund and the proposed €50 million ($55 million) the European Union wants to channel into alternative protein investment. But not all of the EU is onboard, it seems. Also this week, lawmakers in France proposed a ban on cultivated meat, with some referring to it as “junk food.”

We’ll see you in 2024!

The team at food redistribution startup Munch. Image credit: Munch

Agtech & foodtech funding news

🇺🇸 NewLeaf Symbiotics bags another $45m to bring its ‘new class of microbial amendments’ to more row crops AgFunderNews

🇪🇪 Tallinn-based Arbonics gets €5.5 million to build the highest-quality forest carbon platform to fight climate change EU Startups

🇺🇸 Nexus Development Capital Adds Carbon Removal to Growing Portfolio with a $5M Investment in Maine-based Standard Biocarbon PR Newswire

🇺🇸 🇧🇷 Deep Agro raises $2M for AI-based agtech expansion to Brazil and the US Latamlist

🇭🇺 Food saving app Munch anounces Series A funding

The Bushel mobile app. Image credit: Bushel

M&A, IPOs & partnerships

🇺🇸 Loveland Products and Ascribe team up to launch biofungicides for U.S. row crops Crop Life

🇺🇸 Terviva Announces Strategic Partnership With Mitsubishi Corporation NewsWire

🇺🇸 Bushel expands ERP partnership network with integration of Oakland Corporation’s FarmerData Feed & Grain

🇺🇸 Highlander Partners announces acquisition of Fuerst Day Lawson Holdings Ltd Highlander Partners

Image credit: Brightseed

Funds, grants & accelerators

🇦🇺 New Forests makes first close of ANZ-focused forestry fund at over $300m Deal Street Asia

🇪🇺 The EU invests €50M to help startups scale up alternative proteins

🇺🇸 Springdale Ventures closes $40m fund for early-stage consumer brands: ‘As investors, we’re here to help remove obstacles’ AgFunderNews

🇺🇸 $11M grant aims to develop scions and rootstocks to fight HLB The Packer

🇪🇸 Libre Foods wins €335K grant to pioneer low-cost mycelium for meat alternatives Vegconomist

🇺🇸 Brightseed receives grant to improve EED outcomes in undernourished mothers Nutraceuticals World [Disclosure: AgFunderNews’ parent company AgFunder is an investor in Brightseed.] 

🇪🇺 HYDROCOW’s $6m project to make whey protein from CO2 & hydrogen: ‘It’s high-risk, high-reward’ AgFunderNews

Cultivated meat
Image generated by DALL·E with prompts from AgFunderNews

People moves

🇺🇸 Dustin Sapp Named CEO of Traction Ag Crop Life

🇺🇸 Local Bounti replaces CEO after 6 months as the indoor farming company restructures Food Dive

🇺🇸 TRACT appoints Allison Kopf as new CEO Vertical Farm Daily

Other news

🇹🇼 🇹🇷 Delivery Hero closes hubs in Taiwan, Turkey in push to cut costs Bloomberg

🇳🇱 Dutch startup Pieter Pot declared bankrupt: All you need to know Silicon Canals

🇩🇪 ‘Blending tradition and innovation’: Senara emerges from stealth as Europe’s first cultured dairy startup Green Queen

🇫🇷 French parliamentarians propose law to ban cultivated meat, calling it “junk food” Vegconomist


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