July 3rd 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 agtech startup Fyto has raised $15 million in Series A funding for its specialized aquatic “superplants”. Fyto will use its funding to scale commercially, HR, and develop its plants for applications.
UAE-based B2B food marketplace Supy, has raised $8 million in a Seed round The company will use the capital to further bolster its technology, strengthen its offering, scale and launch its new payment solution.
Canada CEA startup Vision Greens announces it has raised $7M. With the investment, the company will expand its operations and scale distribution to leading grocers and meal kit companies that currently include Metro, Pusateri’s, and Goodfood.
Mumbai-based direct-to-consumer (D2C) bakery brand The Baker’s Dozenhas secured $5 million in a pre-Series.The capital will be used for product innovation, team building, brand marketing, distribution expansion and in ramping up its tech play.
Diageo has purchased the flavor-matching service Vivanda. This acquisition will enable Diageo to expand FlavorPrint technology to other categories and will support the development of the startup’s advanced analytics and digital marketing capabilities.
Verdino Green Foods, a plant-based leader in Central and Eastern Europe announces it has taken over the Unfished® and Green Course® brands from Prefera Foods, consolidating the entire portfolio and adding alt seafood products.
Female-founded F&B-focused Simple Food Ventures has closed $6 million of its $15 million fundraise. The fund invests in consumer products companies “with a natural and organic ethos and a mass-market appeal.”
News & Trends:
Hazel Technologies, Inc. announces a partnership with produce distribution company, Divine Flavor.
Ingredient supplier Ingredion has