18 March, 2022
Stay up to date with the most recent news, investments and partnerships regarding the Agrifood tech industry and sustainability.
IPOs, M&As & Investments:
Infant nutrition start-up Once Upon a Farm has secured $52 million in a Series D funding round that will help fuel the company’s continued expansion, both in retail and online, and support its product innovation efforts.
IUNU picks up $24 million in funding, led by Lewis & Clark Ventures, with S2G Ventures, Ceres Partners and Astanor Ventures returning for more. This round will go toward expanding its global footprint, as well as increasing R&D on new products.
Israeli precision agriculture and smart farming company SupPlant announced the completion of a $27 million financing round on Monday.
Farm crowdfunding platform AcreTrader raises $20 million-plus from Drive Capital as an extension of AcreTrader’s Series B round, which reeled in $40 million from lead investor Anthemis Group and others.
Last month, SP Ventures announced its first ‘climate tech’ deal: leading Moss.Earth’s Series A round in a $10 million co-investment syndicate including Acre Venture Partners, Celo, The Craftory, and Jive Investments.
Alt - seafood Israeli startup Plantish announces a $12 million seed funding round that will enable the company to invest in R&D and build a manufacturing facility to help its plans to enter the US market.
Future Crops announces a new investment round led by Tencent to accelerate growth. Future Crops is shaping the future of agriculture and our food system, making it more safe, resilient, and efficient.
Precision fermentation startup MeliBio raised $5.7 million in seed funding to help it expand into foodservice and business-to-business applications.
Zitti raises $4 million to deliver fintech platform to the food industry.
Indoor farming company Local Bounti is acquiring rival Hollandia Produce Group, which grows and sells leafy greens under the name of Pete's, for $122.5 million. The transaction is expected to close early in the second quarter.
GoTo, Indonesia’s biggest start-up, plans to raise up to $1.3bn in an initial public offering. The company raised $1.3bn in a private funding round in November led by the Abu Dhabi Investment Authority that valued the company at $28.5bn, according to people familiar with the deal.
News & Trends:
The global food system is under threat as Russia’s invasion of Ukraine puts one of the world’s major breadbaskets in jeopardy. ange of plant-based food items through a collaboration
Japan-based food and biotech giant Ajinomoto Co. has entered a strategic partnership with cultivated meat player SuperMeat to set up a commercially viable supply chain platform for the cell-based industry.
Japanese food brand 2foods by TWO Inc. has linked up with domestic manufacturing giant Kagome Co. to develop a plant-based egg substitute for a new omurice dish. Dubbed “Ever Egg”, the component is made from vegetables and legumes which are processed to reach the right consistency.
The Green House, a new eatery at Chase Center in San Francisco, offers a range of plant-based food items through a collaboration with food tech company Future Farm.
MISTA members AAK, Chr. Hansen, Givaudan and Ingredion have merged their tech knowledge to co-create a plant-based, high-performance yogurt base made of plant-based proteins, “designer” cultures, protein binders and flavors with unique functional enhancers.
Patagonia Provisions, a marketplace for responsibly sourced food and beverages is releasing a new beer from a regeneratively grown perennial — Kernza Pils — in collaboration with one of the best craft breweries in the world, Dogfish Head.
is a Cultured beef steak innovator Aleph Farms announces the first innovation out of its new incubator and sclaes its product line to include a unique platform for cell-based collagen production.
Koa, the Swiss-Ghanaian start-up, best known for its upcycling of cocoa side streams, has partnered with Seedtrace and MTN Group and launched a blockchain system to ‘disrupt transparency standards’ in cocoa while raising the income of farmers.
Gousto launches smell training kits as Long COVID sufferers ‘fall out of love with food’ after losing smell and taste. The recipe kit provider has introduced free limited-edition ‘Flavour Saviour’ kits in partnership with the charity AbScent to help consumers ‘retrain their senses and rediscover the joy of mealtimes’.
Nigeria is the second largest investor in food and packaging technology in Africa with 390 million Euro, according to the Germany Machinery Association.
Israeli-based agtech company, Fermata, announced on Thursday its entry into North American markets following three years of R&D and pilot projects testing the performance of the company’s AI platform, Croptimus Pest and Disease, that addresses the challenging rates of crop failure facing commercial greenhouse agriculture.
DoorDash has introduced the latest in its Main Street Strong series of initiatives: the inaugural DoorDash Accelerator for Local Goods, an educational program created to advance women-, trans-, immigrant- and people-of-color-owned local consumer packaged goods businesses.