Indian eGrocery service Zepto raised more funding this week via a Series G round that bumped its total capital over the $2 billion mark. In the US, Hyphen (the folks behind Chipotle’s automated makeline) raised another round, as did animal-free collagen maker Geltor.
Elsewhere: Alternative asset manager Proterra scooped up farmland manager AcreTrader, indoor farming startup Vertical Future entered administration, and the UK cracked down on illegal food delivery drivers.
Funding news
🇺🇸 BinSentry to expand globally with AI-based feed logistics platform after $50 million raise AgFunderNews
🇮🇳 Zepto secures Rs 400 Cr [$46 million] from Motilal Oswal Entrackr
🇺🇸 Equatic raises $11.6M series A funding for its innovative CDR and green hydrogen tech Carbon Herald
🇳🇴 Saga Robotics raises $11.2m to expand fleet of ‘bots blasting powdery mildew with UV-C light AgFunderNews
🇺🇸 Cava joins Chipotle in backing Hyphen with $10M Restaurant Dive [Disclosure: AgFunderNews’ parent company AgFunder is an investor in Hyphen]
🇸🇬 Prefer raises $4.2m, launches soluble bean-free coffee and cocoa powders AgFunderNews
🇮🇳 Indian B2B commerce platform Fairdeal secures $3m pre-series A Tech in Asia
🇦🇹 Revo Foods wraps up crowdfunding campaign with €1.6 million investment Vegconomist
🇺🇸 Animal-free collagen maker Geltor gets fresh funding to take AI-led ‘designer proteins’ global Green Queen
🇺🇸 Colorcon Ventures invests in Phytolon to advance the future of natural colorants Colorcon
M&A, IPOs & partnerships
🇺🇸 Proterra enters US farmland with AcreTrader acquisition Agri Investor
🇺🇸 Pairwise licenses gene-editing platform to Mars to bolster cacao R&D Agtech Navigator
Funds, grants & accelerators
🇺🇸 With $120 million fund, RA Capital seeks planetary health and near-term profitability Impact Alpha
🇬🇧 £500k grant aids crops’ fight against pests and disease Fruitnet
People moves
🇺🇸 Meristem breaking North American boundaries with new hire Meristem
🇺🇸 Ramsay Huntley joins Yield Lab Institute team as senior advisor, innovation & strategy LinkedIn
🇺🇸 Jose Zaragoza joins Switch Bioworks as senior research associate LinkedIn
Other news
🇮🇩 Former eFishery CEO Gibran Huzaifah detained over alleged financial fraud Jakarta Globe
🇩🇪 Rewe Group sets 60% plant-based goal, urges national protein strategy for Germany Protein Production Technology
🇬🇧 UK arrests 280 in crackdown on illegal delivery riders Reuters
🇲🇾 On the heels of a capital raise, biotech co Seadling launches Malaysia facility for functional seaweed ingredients AgFunderNews
🇺🇸 Danone launches Oikos yogurt drink aimed at GLP-1 users Food Dive
🇺🇸 Amazon brings same-day perishable food delivery to 1K cities and towns Grocery Dive
🇬🇧 Vertical Future formally enters administration Vertical Farm Daily
🇦🇺 🇺🇸 Nourish Ingredients Cleared to Sell Animal-Free Meat Fat in the US Green Queen
