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Image credit: Chipotle

The Week in AgriFoodTech: New funds from Gresham House, Chipotle & BFG, Unilever launches regen ag program

February 29, 2024

Rounds were on the small side this week (with one notable exception: vertical farmer Oishii’s $134m mega-raise), but sizable new agrifoodtech funds were announced by private equity investor Gresham House, quick-service restaurant chain Chipotle, and VC firm BFG Partners.

In other news, France banned “meaty” names from plant-based foods, CPG giant Unilever unveiled a regenerative ag program, and the US is trying to power more farms with wind.

Image credit: Choice

Foodtech & agtech funding

🇨🇦 Over C$19 million invested in plant ingredient project Food Business News

🇬🇧 Food supply chain decarbonisation startup Mondra closes out £3.6 million pre-Series A funding round Retail Tech Innovation Hub

🇨🇿 Prague-based Choice raises €2.3 million to help restaurants digitize their customer base and increase customer retention EU Startups

🇺🇸 PawCo raises $2M for plant-based dog food Axios

🇺🇸 ‘Prioritizing taste over timelines’: amidst ongoing market correction, vertical farming company Oishii raises $134m Series B AgFunderNews

🇨🇦 Elevated Signals nets $5.8M for cannabis-to-climate move Axios

Image credit: Chipotle

M&A, IPOs & partnerships

🇩🇪 🇰🇷 Mycelium tech Infinite Roots announces strategic partnership with Pulmuone Vegconomist

🇬🇧 🇩🇪 Vegan Food Group to acquire Germany’s Tofutown in latest consolidation deal to drive profitability Green Queen

🇫🇮 Major Finnish biogas producer acquires Nurmon Bioenergia Bioenergy News

Funds, grants & accelerators

🇺🇸 Chipotle doubles tech venture fund spending to $100M Restaurant Dive

🇬🇧 Gresham House launches $380 million biodiversity fund Agri Investor

🇺🇸 BFG Partners activates $125 million third fund to back healthy consumer products Forbes

People moves

🇺🇸 Senate confirms Gooden as USDA under secretary for rural development Biomass Magazine

🇺🇸 Taranis Board welcomes accomplished Syngenta executive Vern Hawkins PR Newswire

Heura Foods York Ham Style cold cuts close up
Heura’s York Ham Style cold cuts feature its patent-pending texturizing technology. Image credit: Heura Foods

Other news

🇫🇷 France finally bans “meaty” names from plant-based labels in new decree Vegconomist

🇰🇷 Introducing meat–rice: grain with added muscles beefs up protein Nature

🇪🇸 Heura posts double-digit growth in 2023: ‘Our vision is to become the European champion of plant-based meats’ AgFunderNews

🇺🇸 Local Bounti receives patent for Stack & Flow Technology Horti Daily

🇺🇸 USDA launches program to power more farms with wind Agriculture Dive

🇹🇼 Talks on sale of Delivery Hero Taiwan to Uber Eats on ice: report Deal Street Asia

🇺🇸 Ag insights platform Gro Intelligence unable to make payroll, replaces founder with new CEO AgFunderNews

🇺🇸 Critics are ‘poisoning plant-based well,’ says Beyond Meat CEO as firm ditches jerky, plans price increases in US AgFunderNews

🇺🇸 New York sues beef producer JBS for ‘fraudulent’ marketing around climate change NPR

🇬🇧 Unilever rolls out its first UK regenerative farming programme Food Manufacture

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