19-25 November , 2022
Weekly Roundup: Stay up to date with the most recent Agrifood Tech news, investments and partnerships
IPOs, M&As & Investments:
Modern Milkman, a grocery delivery startup that uses data analytics to map out milk rounds, has now raised a total of £50m after closing a Series C funding round to fuel global expansion.
Israeli startup Torr FoodTech has raised $12m in a series A round as it expands partnerships with CPG firms and gears up to launch its own snack bar line with its new approach to ‘weld’ natural ingredients together
Alt-dairy startup Julienne Bruno raised a £5m seed round led by Cherry Ventures. The round aims to continue overall growth as well as expansion plans that include partnerships with UK nationwide retailers such as Selfridges London, Holland & Barrett, and Whole Foods Market.
Manchester-based molecular farming startup Bright Biotech has secured $3.2 million in funding in an oversubscribed funding round. With the investment, the company will foster its R&D, expand its team and scale its manufacturing operations.
Opo Bio, New Zealand’s first cultivated meat company, emerges from stealth mode to announce a $1.5M Seed Round and launch their first research product.
Funds, Grants & Partnerships:
The USDA announced an investment of $59.4 million to support nutrition. This investment delivers on a commitment made in the National Strategy on Hunger, Nutrition, and Health to improve access to healthy and affordable food.
News & Trends:
Melibio’s honey will see its retail launch in European stores next year; Narayan’s products are available in more than 75,000 stores across Europe. The product launch marks the first time vegan honey of its kind will enter the European market.