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 expanded its offerings with new dietary fruit fibers in the Europe, Middle East and Africa (EMEA) region, with availability in other regions expected later this year.
Amazon.com has secured the right to buy a 2% stake in Just Eat Takeaway.com's Grubhub and will offer no-fee access to the service to U.S. Prime members to boost subscriptions.
Human insect consumption has received another boost as the lesser mealworm becomes the fourth insect to receive a positive assessment by the European Food Safety Authority (EFSA) for human consumption.
A looming hunger catastrophe is set to explode over the next two years, creating the risk of unprecedented global political pressure, the director of the UN World Food Programme has warned.
£4m initiative to drive a reduction in greenhouse gases for agri-food industry.
The Food Industry Association’s (FMI) newest report explores the main disruptions around how people eat, what they eat and how they get food. Some of the key insights and future predictions are outlined in this article.