The Encounter Weekly

10 - 15 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:


French crop protection startup Micropep has closed an €8.75 million extension to its Series A round. The company will use the capital to expand to the US, kick off the regulatory process, and go to market.

B2B agritech marketplace Vegrow has raised $25 Mn in its Series B investment round and will use the capital for overall expansion from people to cities.

Cloud-based dairy supply chain software Milk Moovement announced the closing of a $20 million USD Series A round led by VMG Catalyst. The fresh funds will help accelerate product and business development.

TMRW Foods announces the closing of a C$2M (US$1.5M) financing round to fuel the company’s expansion across North America.

New Zealand’s waste to energy startup Cetogenix secured $4.5 million in seed funding. The investment will support its internationalization and technology scale-up to aid global decarbonization efforts.

Wheelocity , an early-stage supply chain startup that handles fresh food supplies for quick commerce platforms in India, has raised $12 million in a new financing round as it gears up to broaden its product offerings and expand workforce.


Women-led plant-based company Big Mountain Foods 2 has been awarded more than $1.4 million by Canada’s AgriInnovate Program The fresh funds will help the company increase its production capacity, step up efficiency and scale.

Canada’s organic oat milk startup ​​Oatbox has raised CAD 7 million (approx. $5.4 million) to invest in a large-scale production facility and expand to stores.


 

News & Trends:

By growing edible beef cell lines in single-cell suspension Food tech startup SCiFi Foods announces a landmark R&D milestone lowering the cost 1000x for its product.

Indian coffee company Continental Coffee has entered the frozen sector for the first time with the launch of a new plant-based meat brand, Continental Greenbird.

China is creating new varieties of seeds by sending them for short trips to space aiming to feed the world's growing population and thrive in our changing climate.

Mushlabs has announced a partnership with Germany’s Bitburger Brewery Bitburger. They will use beer production’s sidestream byproducts to enhance the cultivation of mycelium in a precision fermentation process.

Deep-tech food company MeaTech 3D announced a collaboration with Umami Meats for the joint development of 3D-printed cultured structured seafood.

Wings and Rings is partnering with Miso Robotics to test Flippy 2. It sees the bot as a way to ease labor challenges and boost efficiency in the kitchen.

PepsiCo has made progress in a number of areas of its business around regenerative agriculture and nutrition targets under its PepsiCo Positive (pep+) plan, the company's ESG program launched last year.

Farm real estate marketplace Tillable has partnered with Evergreen Bank to expand its digital loan platform to more US states.