Venture capital for the eGrocery category may be down 90% from its fundraising heyday in 2021, but the sector is far from dead. Case in point: Flink’s mega-augmentation in Germany this week.
Elsewhere, biotech startup Arzeda raised funds to engineer proteins for food and other industries, agricultural machinery company Kubota made a new acquisition and AgFunder port Juicy Marbles plans to expand into the US.
Foodtech funding
🇩🇪 German fast food company Flink raises $150 million strained
🇺🇸 Seattle startup Arzeda raises $38 million to create proteins for food, pharmaceutical and other industries Geek Wire
🇩🇰 MATR Foods secures €20 million from the European Investment Bank to build first large-scale facility Vegconomist
🇬🇧 London-based Ferovinum, a financing and supply chain platform for wine and spirits, raises over €20.8 million EU startups
🇬🇧 DELLI, the online independent food marketplace, secures $6 million Tech.eu
🇫🇷 Standing Ovation raised 3.75 million euros, names new CEO FoodBev Media
🇺🇸 ReScale comes out of hiding with $2.3 million to address the ‘biggest pain point’ for small brands AgFunderNews
🇬🇧 Tuggs secures seven-figure investment to support insect food brand grocer
🇦🇷 Atomic Kitchens raises $750,000 from Manutara Ventures LatamList
Agtech and climate finance
🇺🇸 Pairwise Raises $40M Series C and Forms Partnership with Corteva to Accelerate Gene Editing on Row Crops AgFunderNews
🇳🇿 New Kiwi methane business gets $13.5m boost AgriZero
🇺🇸 Brightband sees a bright (and open-source) future for AI-based weather forecasting TechCrunch
🇬🇧 Carbon data platform Zevero raises £5.3m UKTN
M&A, IPOs and partnerships
🇺🇸 🇧🇪 Brightseed and Botalys team up to discover powerful botanical bioactives with the help of artificial intelligence Nutraceutical Business Review [Disclosure: AgFunderNews’ parent company AgFunder is an investor in Brightseed.]
🇮🇱 🇺🇸 CropX adds nitrogen optimization technology to its farm management matrix with the acquisition of EnGeniousAg AgFunderNews
🇺🇸 General Mills and Ahold Delhaize team up to transition 70,000 acres to regenerative agriculture AgFunderNews
🇩🇰 🇺🇸 The World Bank’s IFC and Agreena join forces to close the ‘financing gap’ for sustainable agriculture Tech.eu
🇺🇸 Kiwibot acquires an advertising company to turn its delivery bots into mobile billboards TechCrunch
🇺🇸 Kubota North America Corporation acquires Bloomfield Robotics, Inc. PRNewswire
People are moving
🇺🇸 Kind names Mars-insider as new CEO ‘to shape the future of snacks’ Diving with food
Other news
🇮🇱 🇺🇸 AI-enhanced robot ready to test California citrus harvest Fruit net
🇳🇱 Revyve launches ‘next generation’ gluten-free egg replacer, starting production with new facility Vegconomist
🇺🇸 Ex-Novozymes exec buys assets of bioproduction specialists Solar Biotech, Noblegen AgFunderNews
🇬🇧 FSA to introduce regulatory reforms to cultured meat products in 2025 Cell base
🇺🇸 Plant-based startup Juicy Marbles plans US retail launch in 2025, targets profitability by year-end AgFunderNews [Disclosure: AgFunderNews parent company AgFunder is an investor in Juicy Marbles.]
🇺🇸 Six professors named Schmidt Science Polymaths Schmidt Sciences
🇺🇸 Leaps by Bayer launches new framework for agtech development: “This is an industry playbook to scale all waves” AgFunderNews
🇺🇸 BrightFarms opens first of three regional greenhouse hubs HortiDaily
🇺🇸 Biochar Farm Robots Win $500,000 Wilkes Climate Launch Award University of Utah
#Week #AgriFoodTech #eGrocer #Flink #Raises #150M #Biotech #Arzeda #38M #Kubota #Acquires #Bloomfield #Robotics
