Stay up to date with the most recent news, investments and partnerships regarding the agrifood tech industry and sustainability.
IPOs, M&As & Investments:
Swedish better-for-you ice cream and snacking brand Nick's closed a $100 million Series C fundraising. The round was led by Kinnevik, Ambrosia and Temasek. Gullspang also participated in this round.
DeHaat, an online platform that offers full-stack agricultural services to farmers in India, has raised $115 million in what is the largest funding round for an agritech startup in India, where farm produce yields two-thirds of the country’s $1 trillion in annual retail spending.
Fabric, a maker of robotic micro-fulfillment solutions for grocery and e-commerce retailers, announced today they have raised $200 million in a Series C funding round. The new funding puts the company’s valuation at $1 billion.
Australian soil carbon startup has raised $40 million from investors including TIME Ventures, a VC fund run by Silicon Valley’s Marc Benioff.
UAE-based agritech startup Pure Harvest Smart Farms has secured $64.5 million in growth capital from Korean private investment firm IMM Investment alongside existing investors.
Dig, a vegetable-centric, multi-format restaurant group, has raised series F funding of $65 million for a growth plan coupled with progressive employee benefits and talent retention strategies, according to a company press release.
Mosa Meat, the Dutch cell-based meat pioneer, has secured an EU grant for its Feed for Meat project in partnership with aquafeed giant Nutreco. The grant, totalling nearly €2 million, will be put towards R&D into lowering cell culture media costs by as much as 100-fold, bringing it one step closer to commercialising cell-based beef in the European market.
Cocoa-free chocolate maker QOA has raised $6 million in seed funding. The round was led by Cherry Ventures and included participation from 50years, World Fund, Nucleus Capital, Trellis Road, Pioneer Fund, and Tet Ventures.
GNT announces initial investment of $30 million to expand to North America. The Dutch natural colour company's new facility in North Carolina features an expansive warehouse, with a Technical and Culinary Experience Center set to follow in August 2022.
White Star Capital, a multi-stage global technology investment platform, announced it has secured $360 million for its third flagship fund, to invest in exceptional entrepreneurs building ambitious, global businesses.
Nordic FoodTech, the venture capital firm investing in alternative protein and sustainable food startups, has closed its first fund with €42 million. Launched last year, the fund is the first early-stage VC in the Nordics region to be fully focused on food techs, and its now set to back 15 to 20 more companies in the coming years.
A recently launched climate technology fund, which says its mission is to solve the problem of climate change, aims to raise a total of 350 million euros ($407 million) to invest in startups whose innovations could avert the global crisis.