The Encounter Weekly: 5-12 November, 2021

Stay up to date with the most recent news, investments and partnerships regarding the Agrifood tech industry and sustainability.

IPOs, M&As & Investments: — a startup that has developed an open-source framework as well as proprietary apps that make it easier for any kind of enterprise to build and operate artificial intelligence-based services — has raised $100 million to fuel its growth, a round of funding that values at $1.7 billion post-money ($1.6 billion pre-money).

Israeli venture capital fund Firstime Ventures has launched a $100 million fund dedicated to sustainable investments. The announcement came on the opening day of the 2021 United Nations Climate Change Conference (COP26) in Glasgow, Scotland.

Crop protection start-up Ascribe Bioscience has raised a $2.5M Seed Round. The investment will enable Ascribe to accelerate commercial development of their lead product Phytalix: an environmentally-friendly, broad spectrum biopesticide based on a naturally-occurring small molecule from the soil microbiome.

Nuritas, a biotechnology company revolutionizing the discovery and development of plant-based bioactive peptides, has closed a $45 million USD Series B funding round. The investment was led by Chicago-based Cleveland Avenue, LLC

Motatos, the Swedish-based D2C e-commerce business tackling global food waste, has announced Tuesday a raise of €24 million, in a round led by Blume Equity with support from existing investors.

Scottish ag tech business Intelligent Growth Solutions (IGS) has raised £42.2m in funding. According to CEO David Farquhar, the successful Series B funding round demonstrates the potential of IGS’s ‘transformational technology’.

FloWaste announced Monday that it has raised a $1.1 pre-seed funding round, which it will use to scale up and improve its technology. Last week, The Spoon got on Zoom with company founder and CEO Rian Mc Donnell to find out how FloWaste can help food producers send less food to landfills.

Feel Foods has announced a deal to acquire British Columbia-based vegan food company Plantastic. A specialist in plant-based cheesecake and burgers, Plantastic prides itself on putting community health and wellness at the forefront of its product development.

Eden Farm raised USD 19 million in a Series A round led by AppWorks and AC Ventures. Other participating investors in the round include Trihill Capital, OCBC Ventures, Investible, Corin Capital, as well as an existing backer, Global Founders Capital.

Oja, a London-based startup that’s just scored a $3.4 million pre-seed round, led by LocalGlobal, to build what it’s billing as the first online supermarket targeting the country’s growing cultural communities.

Singapore-based TreeDots, announced that it has raised an $11 million Series A led by Amasia and East Ventures, with participation from investors including Active Fund, Seeds Capital, author Nir Eyal and actress Fiona Xie.

Vietnam’s Tiki raises $258m in AIA-led round after e-grocery business grows 2,000%

Akua, the startup behind the kelp-based vegan burger, is set to expand its plant-based range with crab cakes and ground meat after securing $3.2 million in a seed funding round. The New York-based food tech will also be using the funds to grow its team and marketing as it looks to capture the clean label and whole foods trend.

Impossible Foods is reportedly looking to raise $500 million in a new funding round that would bring its valuation to $7 billion. The reports come as the Silicon Valley food tech’s founder and CEO Pat Brown made clear the firm’s intentions to go public soon, describing an IPO as “inevitable” in a Bloomberg interview.

SUNT, an Amsterdam-based startup that makes food products from discarded bananas, announced that it has secured €1.1M in funding from Brave New Food (BNF) Investments, DOEN Participaties, and Rabobank.

US anaerobic digester company Bioenergy DevCo has raised $100 million in funding from Austin, Texas-based alternative asset manager Irradiant Partners.

South Korean biotech company Advanced Protein Technologies (APTech), has secured a new funding round totaling €15 million for its development of Human Milk Oligosaccharides (HMOs). The funding included backing from French ingredient giant Roquette’s investment arm.

Signos, a weight-loss start-up, is betting that you’re curious enough about the difference between our respective metabolisms to sign up for real-time glucose monitoring and alerts to keep you in shape. It turns out that GV believes that, too, to the tune of leading the company’s $13 million Series A round.

Luya Foods, the Swiss startup turning tofu waste into vegan meat, has raised seed funding to enter the retail market. It also plans to use the capital to scale production and ramp up R&D, after having initially debuted its natural plant-based chunks and burger patties in foodservice.

US on-demand delivery company DoorDash has agreed to acquire Finnish counterpart Wolt in an all-stock transaction worth €7 billion ($8.1 billion)

REEF, an operator of delivery kitchens, logistics and proximity hubs in North America, has acquired Dubai-based iKcon Restaurant LLC, marking Reef's first major transaction in th