5 - 10 June, 2022
Stay up to date with the most recent news, investments and partnerships regarding the agrifood tech industry and sustainability.
IPOs, M&As & Investments:
US-based alternative meat startup Artemys Foods has rebranded to SCiFi Foods, officially emerging from stealth mode, and has closed a $22 million Series A round led by leading global VC Andreessen Horowitz.
Israel’s Brevel has closed a successful seed funding round, scooping $8.4 million during the raise. Participating investors included FoodHack, Good Startup VC, Tet Ventures and Nevateam Ventures, amongst others.
Spanish startup Cocuus has raised €2.5 million in its Pre Series A funding round to scale its 3D bioprinting technology for the production of alternative proteins.
Austrian foodtech startup Revo Foods has secured a €2.2 million grant from the Austrian Research Promotion Agency. The equity-free award was granted to help Revo continue its 3D printed seafood developments.
Bengaluru-based Alt Co. has confirmed a $1 million raise led by undisclosed major investors from Singapore, the Middle East and India.
Food upcycling startup, Wastelink raises $100K in Seed Funding. The capital raised will be used to expand across India and scale up their supplier platform capability.
Virgin Group’s UK-based digital financial services provider Virgin Money has launched a £200 million ($251 million) Agri E Fund, the first of its kind dedicated to supporting UK farmers with green loans.
The U.S. Department of Agriculture (USDA)announces significant investments to support urban agriculture, including $43.1 million for grants and cooperative agreements as well as six new urban county committees to help deliver key USDA programs to urban producers.
News & Trends:
Alternative meat firm More Meat has cited rising local food ingredient prices and the prevention of food waste as major drivers behind the creation of its ready-to-cook (RTC) range, a format that is still at the early stages of growth within Thailand’s plant-based sector.
Tel Aviv-based food-tech startup SuperMeat, received a grant from the Israel Innovation Authority to establish an open high-throughput screening system that will optimize feed ingredients (cell media), supplements, and cell scaffolds for cultivated meat, which will in turn aid the entire industry achieve commercial viability.
Remilk, an Israeli company developing animal-free dairy, has obtained self-affirmed GRAS (generally recognized as safe) status, in accordance with FDA requirements, signalling the entrance of its non-animal, real-dairy products in the USA.
General Mills invests $3 million in regenerative agriculture. The CPG is working with Ecosystem Services Market Consortium (ESMC) to expand the Eco-Harvest program that rewards farmers for “beneficial outcomes” for regen ag practices.
The Bayer Trendlines Ag Innovation Fund and the Trendlines Group established TierraSpec, a new venture focused on real-time remote measurement and validation of carbon sequestration in agricultural soil to allow the issue of carbon credits and soil health monitoring.
French alt dairy startup Bon Vivant has announced a major new deal with European biotech leader Abolis. The companies have formed a strategic partnership to produce precision fermentation-based animal-free dairy products on an industrial scale.
Kroger has launched a digital farmers market pilot in Atlanta in partnership with Market Wagon, an online ordering and delivery service for food from local farmers and artisan food producers.
Relentless energy and fertilizer prices are strangling greenhouse food producers across Europe. Farmers are dealing with tripled energy prices that get worse during temporary price crunches.
Accentuated appetites for foods fortified with functional benefits is growing the commercial potential for protein-boosted snacks into new product segments. These findings are evidenced in new market analysis published by ingredient supplier Glanbia Nutritionals.