10 notable deals this summer

A few years ago, very few deals were announced during summer. Now, even in a time where financing is more difficult than it was last year, the stream of notable and interesting deals keeps flowing. Here is DigitalFoodLabโ€™s selection of the top 10 fundings that happened during August and that you should know about:

๐Ÿ”ชย ๐Ÿ‡บ๐Ÿ‡ธย  Kitchen United raised $100M for its ghost kitchens (it operates locations that are then rented out to restaurants (virtual or not) to create a new kitchen plugged into delivery services). Kroger, one of the largest US retailers, an early partner of the startup, is among the investors. It will be interesting to see if this leads to a greater partnership with ghost kitchens opening inside stores to create food courts.

๐ŸŒฌ๏ธย ๐Ÿ‡ฌ๐Ÿ‡งย  Deep Branch, a UK-based startup working on converting CO2 into protein, obtained ยฃ4.8M from the UK government. It will be used to finance research on its single cell protein targeted at animal (salmon) feed.

๐Ÿฅฌย  ๐Ÿ‡ฏ๐Ÿ‡ตย  Vertical Farm Spread, a Japanese vertical farming startup, raised $30M. The lettuce grown by its farm is sold under its brand across thousands of stores in Japan. Now it is looking to add new products such as strawberries and new farms. This funding is significant and maybe one of the biggest deals for the Japanese FoodTech ecosystem.

๐Ÿฅ›ย ๐Ÿ‡ธ๐Ÿ‡ฌ ย Oatside, a Singapore oat milk brand, raised $65.6M. It is impressive to see how much money oat milk companies are raising. This area is showing strong growth, and industrial capabilities are still lacking.

๐Ÿššย  ๐Ÿ‡บ๐Ÿ‡ธย  Bakkal, a US-based startup, raised $3M for its ethnic grocery marketplace. It connects consumers to ethnic businesses in their area for delivery on a model close to Instacartโ€™s. We are strong believers in the potential of the ethnic grocery businesses and expect to see more of them in the coming years.

๐Ÿ’ณย  ๐Ÿ‡จ๐Ÿ‡ฟ ย Choice QR, a Czech startup, raised $1.5M to join the now growing group of startups competing with Sunday on pay-at-table with QR codes.

๐Ÿ›’ย  ๐Ÿ‡ฎ๐Ÿ‡ฑ ย Shopic, an Israeli startup, raised $35M for its smart cart. The cart recognises whatโ€™s put inside and displays relevant promotions to consumers as they shop.

๐Ÿ“ย ๐Ÿ‡บ๐Ÿ‡ธย  Afresh, a US-based startup, raised $115M for its anti-food-waste approach to fresh produce management in grocery stores. By using its predictive models, stores can reduce waste by 25%.

๐Ÿƒย ๐Ÿ‡บ๐Ÿ‡ธย  Enko, a US-based startup, raised $70M for its alternatives to chemicals for crop protection.

๐Ÿ‘ฉโ€๐Ÿณย ๐Ÿ‡ฎ๐Ÿ‡นย  Deliveristo, an Italian startup, raises โ‚ฌ7M for its B2B marketplace that connects restaurants to suppliers.

๐Ÿ“Š๐Ÿ’ฐ[Exclusive data] - Investments in FoodTech startups in 2022
๐Ÿฅฉ The case for plant-based

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