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Image credit: Voyage Foods

The Week in AgriFoodTech: Voyage Foods raises $52m, ArkeaBio bags $27m, a ‘regulation-free’ zone for biotech

May 9, 2024

Funding rounds were abundant this week, including a raise by chocolate-free cocoa maker Voyage Foods, ag biotech startup ArkeaBio, and several players in southern Asia.

Speaking of Asia, South Korea has designated a “regulation-free” zone for biotech — including cultivated meat — in an effort to foster more innovation. Back in the US, alt-protein investor Big Idea Ventures entered a new agrifoodtech sector.

Image credit: Voyage Foods

Foodtech funding

🇺🇸 Cocoa-free chocolate maker Voyage Foods raises $52 million Bloomberg

🇺🇸 Meati Foods raises $100m, rolls out at Kroger nationwide AgFunderNews

🇳🇬 Nigeria’s YC-backed Chowdeck hopes to scale food delivery, a notoriously tough market, with $2.5M funding TechCrunch

🇵🇭 Ninjacart invests in Philippine ag-tech start-up Mayani Fruitnet

🇺🇸 AI nutrition app Hexis raises $2M in pre-seed round Sports Business Journal

🇫🇷 Oligofeed raises €600k from The Yield Lab LinkedIn

The LaserWeeder in action. Image credit: Carbon Robotics

Agtech funding

🇺🇸 ArkeaBio raises $26.5m in Series A funding FinSMEs

🇮🇳 Agritech startup Superplum raises $15 million from investors to expand fresh fruits business Economic Times

🇺🇸 Shinkei raises $6m in seed funding FinSMEs

🇮🇳 Agtech firm BharatRohan raises $2.3 million in pre-IPO round The Hindu Business Line

🇺🇸 NVIDIA’s venture arm invests in autonomous weeding startup Carbon Robotics AgFunderNews

Santa Maria: 2023 cohort of Fresh Field Catalyst Accelerator. Advanced Farm robots in the background at CA Giant Berry Farms in Santa Maria, CA

Climate tech funding

🇩🇪 Insempra secures $20M Series A to advance bio-based alternatives in manufacturing

🇺🇸 Mycocycle raises $3.6 million to transform waste into sustainable raw materials with fungi Global Newswire

Funds, grants & accelerators

🇺🇸 VC firm Big Idea Ventures enters biologicals sector with PlantSustain platform AgTech Navigator

🇺🇸 Next cohort of ag innovators announced for IFPA 2024 Fresh Field Catalyst Accelerator Fresh Produce

🇮🇱 ProFuse Technology awarded €2.4m European Innovation Council Grant for muscle growth solutions in cultivated meat Cultivated X

People moves

🇺🇸 MycoWorks welcomes Ginevra Boralevi to leadership team as communications executive PR Newswire [Disclosure: AgFunderNews’ parent company, AgFunder, is an investor in MycoWorks.]

🇰🇪 New Forests appoints Managing Director, Africa New Forests

GOOD Meat’s cultivated chicken bites. Image credit: Eat Just/GOOD Meat

Other news

🇺🇸 Experts question debt-laden Beyond Meat’s future in wake of grim Q1 figures AgFunderNews

🇸🇬 TurtleTree to debut animal-free lactoferrin with espresso shot for endurance athletes Green Queen

🇰🇷 South Korea establishes ‘Regulation-Free Zone’ for bio-tech Alt-Meat

🇺🇸 ‘The relationship soon turned rancid…’ Judge awards wins to both sides in ugly dispute between Eat Just and ABEC over unpaid bills AgFunderNews

🇺🇸 Indigo Ag splits carbon credit, crop protection businesses in restructuring Agriculture Dive

🇬🇧 Meatly unveils “groundbreaking” protein-free culture medium at £1 per liter Vegconomist

🇨🇳 Plant protein maker BaiChuan Bio Tech prepares for IPO in China Green Queen

🇧🇷 Bioceres Crop Solutions announces Brazil’s approval of new generation bio-insecticide BusinessWire

🇺🇸 Farmers blast cover crop requirements for sustainable jet fuel tax credits Agriculture Dive

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