26 June - 1 July, 2022
Stay up to date with the most recent news, investments and partnerships regarding the agrifood tech industry and sustainability.
IPOs, M&As & Investments:
Pure Harvest Smart Farms, a UAE-controlled environment ag (CEA) company, has raised $180.5 million in its latest funding round led by the Olayan Group. The funding will go into expansion in the Middle East as well S.E Asia.
Foodtech startup Atomo has closed a $40 million Series A round and launched the first of its “beanless” molecular coffee products to consumers. Atomo will use the funds to scale, develop and launch new products.
UK-based vegan investment fund Veg Capital has invested BRL 1 million in plant-based Brazilian brand Conví Foods. The investment took place through Vegan Business, Brazil’s only dedicated plant-based equity crowdfunding platform.
News & Trends:
McCain Foods has snapped up a suite of crop-monitoring analysis tools from ag data business Resson.
Precision fermentation startup Paleo announced that its technology will bring the authentic taste and aroma of meat and fish to plant-based meat and fish alternatives with a non-GMO, animal-free heme.
Pascual, a Spanish manufacturer of dairy products and beverages, has launched Mylkcubator 2.0, the second edition of its global incubation program for cellular agriculture technologies in the dairy industry.
Greenbiz’s 3 missing ingredients to scaling regenerative agriculture.
Israel’s largest food manufacturer Tnuva has branched out into non-dairy alternatives and is set to establish an R&D center dedicated to alternative protein through an investment of NIS 5 million ($1.47 million.)
Shell is aiming to switch to 100% renewable fuel made by food waste.
Scientists from the Technical University of Denmark are collaborating with Diego Prado, head of research at Copenhagen’s two Michelin-starred restaurant Alchemist, to develop sustainable alt seafood through fermentation.
Instacart announced on Thursday it has expanded its partnership with Walmart Canada to include a virtual convenience store pilot in Toronto.
A team of biotechnology and blockchain specialists in Greece are using olive oil DNA to generate a fraud-proof genetic barcode for each bottle. With funding from European research and innovation project S3FOOD, the move is expected to minimize food fraud across extra virgin olive oil.