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Heura cofounders Marc Coloma and Bernat Ananos. Image credit: Heura

The Week in AgriFoodTech: ProducePay banks $38m, Heura ‘promises profitability,’ Deere & Corteva partner

February 8, 2024

Starship Technologies, maker of the six-wheeled delivery ‘bot famous across Europe, led foodtech funding deals this week with a healthy new round. Alt-meat maker Heura and grower-to-grocer platform ProducePay also announced notable new funding.

In non-investment news, vertical farming company Plenty is pulling its R&D out of California and cutting jobs in the process. Across the pond, iconic British tea company Fortnum & Mason teamed up with Ivy Farm Technologies to create scotch eggs featuring cultivated meat (although it has not yet got the regulatory green light in the UK).

Heura cofounders Marc Coloma and Bernat Ananos. Image credit: Heura

Foodtech funding

🇪🇪 Tallinn-based Starship Technologies raises €83.6 million to make the robot delivery take over the streets EU Startups

🇪🇸 Heura raises €40M Series B as startup promises profitability in boost to plant-based industry Green Queen

🇺🇸 ProducePay raises $38m in Series D funding FinSMEs

🇫🇷 Food Pilot raises €4.5m to monitor and measure progress of players in the agrifood sector Food Pilot LinkedIn

Agtech funding

🇮🇳 Aquaconnect raises $4 million in pre-Series B Times of India

🇺🇸 Innova Memphis leads $2.8m round for iYOTAH to tackle the dairy sector’s massive data problem AgFunderNews

Image credit: iStock

M&A, IPOs & partnerships

🇩🇰 Novonesis: Chr Hansen and Novozymes merge to form €3.7bn ‘biosolutions’ major FoodNavigator

🇺🇸 John Deere, Corteva partner to deliver customized agronomic solutions to farmers Corteva

🇯🇵 🇸🇬 Temasek teams with Norinchukin on $173 million green agri fund Bloomberg

🇮🇱 Evogene and Verb Biotics enter collaboration agreement to advance probiotic innovation PR Newswire

🇨🇦 Borealis Foods Inc, maker of Gordon Ramsay-backed chef Woo Vegan Ramen, announces NASDAQ listing Vegconomist

🇺🇸 MSD to buy Elanco’s aquaculture assets for $1.3 billion The Fish Site

Funds, grants & accelerators

🇳🇱 Netherlands: The Future Food Fund II closes with target of 40 million euros Vegconomist

🇸🇬 Applications are now open for agrifoodtech founders to join the fifth cohort of the AgFunder GROW Impact Accelerator AgFunderNews

People moves

🇺🇸 Rob Laing bids farewell to Farm.One Vertical Farm Daily

🇺🇸 Meati Foods names CPG veteran to CFO as company juggles growth, profitability Food Dive

🇺🇸 Sweetgreen hires Rossann Williams as COO Fast Casual

🇺🇸 African Agriculture Holdings announces Michael Rhodes as chief executive officer Kron4

🇺🇸 Believer Meats expands leadership team as it prepares for next phase of commercialization Business Wire

Image credit: iStock

Other news

🇺🇸 First Bite emerges from stealth to help food manufacturers navigate ‘antiquated’ foodservice channel AgFunderNews

🇸🇬 Singapore’s Islamic council rules cultivated meat halal “under certain conditions” Vegconomist

🇮🇱 Israel’s Remilk secures regulatory nod for sale of cow-free dairy in Canada Times of Israel

🇧🇪 Fungi in my cheese: Bolder Foods unveils mycelium ingredient for umami-packed cheese alternatives Green Queen

🇺🇸 Kroger unveils new produce supplier biodiversity goal Kroger

🇺🇸 Cultivated seafood co Finless Foods reduces headcount AgFunderNews

🇬🇧 Ivy Farm Technologies partners with Fortnum & Mason to create a cultivated scotch egg Protein Production Technology

🇺🇸 Vertical farming startup Plenty uproots R&D from California, axes 150 employees San Francisco Inno

🇺🇸 First genetically modified food crop becomes available to home gardeners in the US AgTechNavigator

🇺🇸 The EVERY Company to ‘launch with multinationals’ this year as it ramps up manufacturing capacity for animal free egg proteins AgFunderNews

🇺🇸 More meat, more quickly: ProFuse Technology unveils non-GM cell lines for cultivated meat AgFunderNews

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