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Spacegoods founder Matt Kelly. Image credit: Spacegoods

The Week in AgriFoodTech: Spacegoods and Cellva raise new funds, Inspire Brands buys delivery tech startup

February 15, 2024

This week, functional mushroom brand Spacegoods, cultivated pork fat maker Cellva, and insect-breeding-as-a-service startup FreezeM announced new funding rounds. US restaurant giant Inspire Brands, which owns Arby’s, Dunkin’, and a host of other chains, sank its teeth into more delivery tech, while a company in Denmark unveiled plant-based animal fur.

Meanwhile, cultivated meat pioneer UPSIDE Foods paused plans to build a large-scale plant in Illinois, and is instead focusing on expanding its far smaller ‘EPIC’ site in California.

Spacegoods founder Matt Kelly. Image credit: Spacegoods

Foodtech funding

🇧🇷 Brazil’s Cellva raises R$6.5 million to develop cultivated pork fat Vegconomist

🇬🇧 London-based Spacegoods munches on €2.9 million to become Europe’s leading functional mushroom brand EU Startups

🇺🇸 Cargill bets on mycoprotein with investment in ENOUGH and signs offtake agreement AgFunderNews

The Shamba Pride team. Image credit: Shamba Pride

Agtech funding

🇮🇱 BSF ‘breeding as a service’ startup FreezeM nets $14.2m series A. ‘We want to be the seed company for the insect ag industry’ AgFunderNews

🇰🇪 Fresh funding in hand, Shamba Pride aims to digitize last-mile distribution for Kenya’s ag inputs AgFunderNews

Image credit: Vromo

M&A, IPOs & partnerships

🇮🇱 🇺🇸 Drone tech companies LahakX & Aero Systems West join forces to bring a ‘dramatically different’ approach to crop spraying AgFunderNews

🇺🇸 Inspire Brands buys delivery tech firm Vromo Restaurant Dive

People moves

🇩🇰 Nordic Foodtech VC expands in Denmark with new Investment Director Louise Heiberg Arctic Startup

🇺🇸 Paleo welcomes new CTO Alt-meat

🇺🇸 Benson HillL announces chief financial officer transition Benson Hill

🇺🇸 Meatable strengthens board of directors to accelerate growth of breakthrough food technology Bakersfield

Mockup of UPSIDE Foods' large-scale cultivated meat plant in Glenview, Illinois.
Mockup of UPSIDE Foods’ large-scale cultivated meat plant in Glenview, Illinois. Imagecredit: UPSIDE Foods

Other news

🇺🇸 UPSIDE Foods’ large-scale cultivated meat plant on hold until it delivers ‘key proof points” at smaller site  AgFunderNews

🇺🇸 Plant-based-food company Veg House files for IPO MarketWatch

🇪🇸 Following €40m investment, Upfield and Heura reveal plans to fast-track innovation in plant-based foods Vegconomist

🇸🇬 TurtleTree earns first of its kind vegan certification New Food Magazine

🇺🇸 WinField United Launches BioVerified Program Crop Life

🇺🇸 Pairwise stops marketing gene-edited Conscious Greens to focus on new high-value, gene-edited crops FoodNavigator

🇺🇸 Pea protein: PURIS secures initial victory in anti-dumping case vs China; Louis Dreyfus announces new plant AgFunderNews

🇺🇸 New Culture’s animal-free casein cleared for commercial sale in “world first” FoodBev Media

🇩🇰 Denmark’s Ganni unveils bags made with plant-based fur alternative BioFluff Vegconomist

🇰🇪 🇺🇸 Job cuts at AI-powered ag insights platform Gro Intelligence: ‘They have a great product, but I’m not sure they know how to sell it’ AgFunderNews

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