Squared Circles, the venture studio behind Nutrafol and other health, wellness, and food brands, announced a $40 million Series A fundraise this week led by private equity firm L Catterton.
There were fundraises a’ plenty coming from the MENA (Middle East and North Africa) region this week, too, including software startup Grubtech, YoLaFresh (the “GrubMarket for Morocco”) and two dairy-focused startups from Israel.
Foodtech funding
🇦🇪 Grubtech raises $15m in funding FinSMEs
🇲🇦 YoLa Fresh, a GrubMarket for Morocco, digs up $7m to connect farmers with food sellers TechCrunch
Agtech & climate funding
🇸🇦 Saudi agritech iyris secures $16 million Series A round Wamda
🇬🇧 Cambridge Future Tech announce $5M for early-stage deeptech startups Tech.eu
🇩🇪 Berlin-based Climate Tech startup Seqana raises €2.1m seed round to unlock scalable carbon farming on 6 continents from space High-Tech Gründerfonds
🇮🇱 Yotvata Dairy Farm invests in biotech company to remove antibiotics from milk Food Dive
M&A, IPOs & partnerships
🇺🇸 Parsley Health and Daily Harvest launch longevity collection for optimal health Slice of Healthcare
🇺🇸 Pairwise and Bayer expand CRISPR leafy greens market through licensing agreement Pairwise
🇰🇷 Pulmuone announces new collab to streamline cultivated seafood using AI robotics Vegconomist
🇦🇺 🇳🇴 Goterra and Skretting closing the waste loop in aquaculture supply chains Aqua Culture Asia Pacific
Funds, grants & accelerators
🇺🇸 Venture studio Squared Circles secures $40 million Series A fundraising round Business of Fashion
People moves
🇺🇸 Bioenergy Devco, growing anaerobic digestion company, names new CEO Agriculture Dive
Other news
🇺🇸 FDA deems methane-reducing dairy feed additive safe Bloomberg
🇺🇸 Kipster is second firm in US to commit to in ovo sexing tech to end culling of male chicks AgFunderNews
🇺🇸 Bored Cow takes precision fermentation mainstream with launch in 2000 Albertsons stores Nosh
🇩🇪 Kynda scales up mycelium with large-scale facility near Hamburg Tech.eu
🇳🇱 Amsterdam’s agtech startup Source.ag expands to North America Silicon Canals
🇮🇱 NewMoo uses plant molecular farming to produce dairy alternatives Food Business News
🇦🇺 Plant-based meats venture ProForm Foods in voluntary administration Startup Daily
Sponsored
Farmers ‘ready and willing to try’ biological crop solutions. Only ‘strong business models’ need apply