This week saw London-based Sunswap grab over $20 million to deploy its “zero-emission transport refrigeration” technology around Europe and the US Department of Defense invest in a mycoprotein startup.
On the M&A front, beleagured fungi-based protein startup Mycorena, which filed for bankruptcy recently, has been acquired, while Delivery Hero is planning an IPO for its Dubai-based subsidiary.
Foodtech funding
🇺🇸 ZBiotics raises $12m Series A for its ‘proudly GMO’ probiotics targeting gut health, hangovers and more AgFunderNews
🇨🇦 Plant-based seafood co New School Foods lands additional funding from IKEA & others ahead of commercial launch AgFunderNews
🇺🇸 US Defense Department backs The Better Meat Co. with $1.4m for advanced biotech development Vegconomist
Agtech funding
🇬🇧 London-based Sunswap secures over €20 million aiming to decarbonise cold chain logistics EU Startups
🇺🇸 Deere leads HabiTerre’s $10m Series A first close to build ‘the global standard’ for sustainability metrics AgFunderNews
🇦🇺 Agtech startup harvests $7 million after 12 years of bootstrapping Startup Daily
🇸🇪 Nordic SeaFarm gains €2.1 million backing from EIT InnoEnergy and Inter IKEA Group to advance seaweed-based solutions and R&D Arctic Startup
M&A, IPOs & partnerships
🇺🇸 Mad Markets announces acquisition of Timeless Seeds, Inc. PR Newswire
🇧🇪 🇸🇪 Naplasol acquires Mycorena to boost the mycelium and alt-protein market Tech.eu
🇦🇪 Delivery Hero plans IPO of Middle East unit, shares rise Reuters
🇨🇦 AgriFORCE completes acquisition of radical clean solutions Yahoo Finance
🇨🇦 General Mills, PepsiCo join Trusted Advisor Partnership in ‘de-risking’ regenerative agriculture in Canada AgFunderNews
Funds, grants & accelerators
🇬🇧 UK Government invests £15M to establish alternative protein innovation centre with global reach Cultivated X
People moves
🇺🇸 Miyoko Schinner joins UC Berkeley’s Plant Futures Challenge Lab as co-instructor Veg Out Mag
🇮🇳 Swiggy ropes in former Flipkart executive Amitesh Jha as Instamart head Inc42
Other news
🇺🇸 Pano AI joins the Wildfire Industry Collective to help bring advanced technology to the frontlines of wildland firefighting The Tech Outlook
🇺🇸 Ardent Mills announces further investment in Colorado mill Feed Stuffs
🇬🇧 Sainsbury’s embraces agroforestry to cut carbon emissions Agtech Navigator
🇺🇸 Meristem announces no-cost, no-hassle carbon intensity calculator Agropages
🇺🇸 Instacart Health unveils its largest government partnership Grocery Dive
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