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Skretting Australia's Amber Zheng and Rhys Hauler show off the Goterra product. Image credit: Skretting

The Week in AgriFoodTech: Venture studio Squared Circles raises $40m, iyris nabs $16m for indoor ag

May 30, 2024

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.

The Cambridge Future Tech team. Image credit: Cambridge Future Tech

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

🇩🇪 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

Amber Zheng and Rhys Hauler of Skretting Australia show off the Goterra product. Image credit: Skretting

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

Bored Cow alt-dairy products. Image credit: Bored Cow

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

🇳🇱 Amsterdam’s agtech startup 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

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