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This previous week, different protein raised extra funding together with Brevel’s seed spherical to additional develop its microalgae-based protein ingredient, SCiFi Meals’ rebrand and main VC backer, and Cocuus’ 3D printing alt-protein tech. In agtech, Brazilian platform Agrotools landed an enormous deal whereas Cox Enterprises added one other indoor farming operation to its enterprise.
Foodtech funding
🇮🇱 Brevel nets $8.4 million seed spherical. The microalgae-based different protein firm will use the funds to construct a business pilot facility for scaling Brevel’s R&D. (The Spoon)
🇪🇸 Cocuus banks €2.5 million ($2.7 million) for 3D-bioprinting tech for alt-protein. The pre-Sequence A spherical included participation from Large Concept Ventures, Cargill, Eatable Adventures, and Tech Switch UPV. (Protein Report)
🇮🇳 Meals upcycling startup Wastelink raises $100,000. Matterhorn Tasks LLP, Indigram Labs Basis, Sanjiv Rangrass, and different angel traders participated within the seed spherical. (AP Information)
🇺🇸 SCiFi Meals (previously Artemys) emerges from stealth with $22 million Sequence A led by Andreessen Horowitz. The spherical will go in the direction of R&D for SCiFi’s cultivated beef burgers. (AFN)
🇨🇭 Foodtech Group FoodHack raises $1 million to develop funding platform. The Switzerland-based firm goals to allow angles to put money into climate-focused options and startups by investments starting from roughly $1,000 to $100,000. (Sifted)
🇮🇳 Alt Co. secures $1 million from undisclosed “main” traders. The plant-based meals maker will use the funds to extend its geographic footprint and product portfolio that features an alt-dairy merchandise. (Inexperienced Queen)
🇺🇸 Brown Meals snags $2.36 million to develop milk utilizing mammalian cell tradition tech. Y Combinator, AgFunder, SRI Capital, and others contributed to the spherical. [Disclosure: AgFunder is AFN’s parent company.]
Agtech funding
🇧🇷 Agrotools raises $21 million to develop its digital platform for company agribusiness. Agrotools presents a variety of digital options for ag companies together with rural financing and insurance coverage, provide chain, ESG, and gross sales. (Pandaily)
🇺🇸 Salient Predictions closes $5.4 million. Wireframe Ventures led the seed spherical, which Salient will use to scale its climate prediction and analytics platform. (Axios)
🇺🇸 Alabama agtech corporations lead $5.78 million seed spherical for CHONEX. The latter’s manure-tech organic product, StrongSoil, particularly addresses rising yields and decreasing enter prices for farmers. (CHONEX)
🇺🇸 🇨🇦 Cox Enterprises makes undisclosed “strategic” funding in CEA firm Mucci Farms. Mucci Farms brings a higher number of CEA-grown fruit and veggies in addition to vital geographic enlargement to Cox’s current indoor farming enterprise. (Produce Blue E-book)
Funds, grants & accelerators
🇬🇧 Monetary providers supplier Virgin Cash launches $251 million Agri E Fund. The fund will help farmers within the UK and targets “emissions-reducing initiatives.” (AFN)
🇮🇱 SuperMeat will get grant from Israeli Innovation Authority. SuperMeat will use the funding to arrange what it says is the world’s largest open-source, high-throughput screening system for cultivated meat components, dietary supplements, and cell scaffolds. (NoCamels)
🇦🇹 Revo Meals secures $2.3 million grant from the Austrian Analysis Promotion Company. The equity-free award will assist Revo proceed improvement of its 3D-printed, plant-based seafood analogues. (Inexperienced Queen)
M&As, IPOs & partnerships
🇺🇸 Restaurant ordering platform Lunchbox acquires NovaDine for undisclosed sum. NovaDine’s on-line order software program is designed particularly for multi-unit eating places. (Meals Dive)
🇺🇸 🇲🇽 🇧🇷 Pachama companions with Mercado Libre for Regenera America forest carbon seize program. The 2 corporations will use Pachama’s carbon monitoring and reporting software program to assist restore 3,300 hectares of land throughout Brazil and Mexico. (Pachama)
🇸🇪 🇺🇸 Components firm AAK Foodservice acquires ForA:Butter. The latter’s plant-based butter is created from aquafaba, a liquid leftover from cooking chickpeas. (Meals Navigator)
🇺🇸 Basic Mills invests $3 million in regenerative agriculture. The CPG is working with Ecosystem Providers Market Consortium (ESMC) to develop the Eco-Harvest program that rewards farmers for “helpful outcomes” for regen ag practices. (Enterprise Wire)
🇺🇸 The Bayer Trendlines Ag Innovation Fund and The Trendlines Group launch an organization. The brand new enterprise, dubbed TierraSpec Ltd, will give attention to real-time distant measurement and validation of carbon sequestration in agricultural soil. (AgReads)
🇫🇷 Alt-dairy startup Bon Vivant strikes a cope with biotech heavyweight Abolis. The 2 corporations will produce animal-free dairy merchandise by way of precision fermentation on an industrial scale, with the objective of changing into European leaders within the alt-dairy area. (Vegconomist)
🇳🇱 🇨🇭 Chemical compounds big DSM to merge with ingredient maker Firmenich. The businesses say the merger, valued at roughly $21 million, can have 16,000 patents and 15 R&D facilities. (Meals Dive)
Different information
🇺🇸 Nation Crock unveils new whiskey to advertise regenerative ag. Cowl Crop Whiskey, because the restricted version product is dubbed, will promote the alt-butter model’s initiative to help farmers with planting cowl crops. (Meals & Wine)
🇺🇸 Chocolate bars in all probability include cockroach elements and different insect bits. The United States Division of Agriculture says fewer than 60 insect items per 100 grams of chocolate is secure for human consumption. (Inexperienced Queen)
🇮🇱 Remilk obtains self-affirmed GRAS (typically acknowledged as secure) standing for its animal-free milk. GRAS standing, in accordance with United States Meals and Drug Administration (FDA) necessities, means the Israeli firm can begin promoting merchandise within the US. (Meals Components First)
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