5-11 November , 2022
Weekly Roundup: Stay up to date with the most recent Agrifood Tech news, investments and partnerships
IPOs, M&As & Investments:
France-based agtech Agriconomie raised $60.4 million in funding led by Treïs Group, Aliment Capital and Temasek Holdings. The capital will be used to add climate-resistant farming products and support farms to transition to regen practices among other things.
TX-based Proper Good raised $3.5M in Seed funding. The company intends to use the funds to support its growth across e-commerce and retail, followed by its recent expansion into over 2,000 Walmart Supercenter stores and product innovation.
Indonesia’s agriculture commodity trade platform PasarMIKRO has raised $2.5 million in an oversubscribed seed round led by Trihill Capital and Resolution Ventures to boost its user base and expand products and markets.
India-based startup Phyx44 raised $1.2M in a Seed round of funding to develop alt- milk proteins and fats for use in dairy products. Phyx44 will accelerate R&D, expand the team and work on the co-development of product formulation with key partners.
Egypt-based foodtech startup Brotinni, has raised a $600,000 Seed round led by Innlife investments. It plans to use the fresh funds to expand its dark butchery network, expand its logistics team and invest in its technology.
Queensland agtech startup DataFarming has raised $500,000 in a pre-Series A round led by Sydney VC Investible. Monies will be used to accelerate its sales and product development, as it positions toward its $5 million Series A raise and continued global expansion.
Funds, Grants & Partnerships:
UC Davis Innovation Institute for Food and Health will partner with Barnstorm Foundry, a food and health startup foundry, to discover new markets for novel food ingredients and products that are nutritious, sustainable, and accessible.
United Natural Foods and Square Roots have made a new agreement to co-locate Square Roots' indoor farms on-site at select UNFI distribution centers.
Umami Meats announced a research collaboration with food and nutrition scientists at Waters Corporation to develop laboratory methods for safely cultivating fish free from contamination that can be produced as a sustainable food supply.
News & Trends:
Meal prep company Dineamic has added plant-based bites to its menu, launching a selection of healthy and sustainable ready-made meals, powered by international food tech company, Future Farm.
Saudi Aramco TotalEnergies Refining and Petrochemical Co. has introduced a pioneering process that enables chemical recycling of plastic waste-derived oil as a feedstock to the refinery.