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Image credit: THIS

The Week in AgriFoodTech: THIS bags $25m & Tender scoops up $11m for meat alternatives, Farmbot scores $4.6m

June 20, 2024

Alt-meat got a few boosts this week, namely in form of capital raises for the UK’s THIS, US-based Tender, and Israeli cultivated meat company Ever After Foods.

In farmtech, Australia’s Farmbot raised new funds along with insect-breeding platform Beta Bugs. Multiple new funds were also announced, including one from Proterra and a joint effort between Canada and the Asian Development Bank.

Image credit: THIS

Foodtech funding

🇬🇧 London-based THIS bites €23.6 million to lead the meat alternatives revolution in the UK EU Startups

🇺🇸 Plant-based meat company Tender closes $11 million Series A, launches partnership with Clover Global Newswire

🇮🇱 Pluri subsidiary Ever After Foods secured $10 Million strategic investment to solve cultivated food scalability challenges Global Newswire

Agtech funding

🇦🇺 Australia-based Farmbot raises $4.6M for US expansion Agriculture Dive

🇬🇧 Beta Bugs secures £1.7m to boost insect breeding programme Scottish Financial News

🇬🇧 TraitSeq secures significant pre-seed investment to propel growth Agropages

Image credit: Grand Farm

M&A, IPOs & partnerships

🇨🇦 Nutrien Ag Solutions acquires Biocontrol Technology The Daily Scoop

🇺🇸 GroundForce Capital announces the acquisition of OWYN by The Simply Good Foods Company Business Newswire

🇮🇳 Zomato confirms talks to acquire Paytm’s movie, ticketing arm Tech in Asia

🇰🇪 Clarmondial, Rainforest Alliance cooperate on Mount Kenya impact investment Impact Investor

🇺🇸 North Dakota’s Grand Farm and Japan’s Fukaya City forge international partnership to advance agtech innovation Grand Farm

🇨🇭 🇬🇧 Syngenta and InstaDeep collaborate to accelerate crops seeds trait research using AI Large Language Models Business Wire

🇫🇷 Danone to open precision fermentation center ‘biotech open platform’ in France with strategic players Vegconomist

🇺🇸 CP Kelco announces intent to combine with Tate & Lyle through sale by J.M. Huber Corporation CP Kelco

A McDonald’s location in Europe. Image credit: iStock

Funds, grants & accelerators

🇨🇦 🇵🇭 Canada and ADB launch C$360m fund for climate and nature in Asia Trade Finance Global

🇫🇷 ‘We’ve acquired quite a lot of money’ – serial French entrepreneurs launch €130m climate fund Sifted

🇺🇸 Proterra raises $34m for Rural Growth Fund Agri Investor

🇺🇸 AgMission and PepsiCo award three grants to bolster climate-resilient farms and value chains Global Newswire

🇨🇦 Protein Industries Canada launches $24.5 million plant-based food development project Vegconomist

People moves

🇨🇦 AgriFORCE appoints Jolie Kahn as chief executive officer Seeking Alpha

🇺🇸 McDonald’s elevates regenerative ag leader to head supply chain Agriculture Dive

🇬🇧 Biolevel announces new appointments to executive team Biolevel

Atomo beanless coffee in Portafilter
Atomo beanless coffee in Portafilter. Image credit: Atomo

Other news

🇺🇸 Atomo Coffee reveals breakthrough discovery to instantly slash coffee-related deforestation Global Newswire

🇦🇺 Robots to boost veggie growers’ tech in Australia Future Farming

🇺🇸 Court misapplied the law in Evian ‘carbon neutral’ ruling, says Danone Waters AgFunderNews

🇭🇺 Agriloop to launch insect processing facility in Hungary, commissioning set for Q4 2024 FeedNavigator

🇺🇸 Perfect Day files $200m counterclaim accusing ex-partner of ‘gross negligence’ and ‘willful misconduct’ AgFunderNews

🇺🇸 CH4 Global and CirPro Australia announce successful processing of first cattle to be fed Methane Tamer at commercial scale PR Newswire

🇺🇸 McDonald’s ends IBM drive-thru voice order test Restaurant Dive

🇺🇸 PTAB invalidates Impossible Foods patent following challenge by Motif FoodWorks, but denies requests to review 6 others AgFunderNews

🇺🇸 Kellanova to make Cheez-It crackers with regenerative wheat for East Coast grocery stores in unique pilot Food Dive

🇺🇸 Humane Society asks the SEC to investigate world’s largest meat company One Green Planet

🇺🇸 Walmart launches pilot using new technology to mitigate effects of climate change on season crop supply Drug Store News

🇺🇸 🇨🇳 Ag spray drones battle heats up as US lawmakers target Chinese drone maker DJI: ‘This will be a job killer in rural America’ AgFunderNews

🇪🇸 World’s #1 Spanish omelet maker Grupo Palacios to formulate with The EVERY Co’s hen-less egg AgFunderNews

*AgFunderNews parent company AgFunder is an investor in Atomo and CH4 Global.

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