10 notable deals and things to know this week (2023 – week #17)

🇩🇪🍴Koro, a German-based startup, raised €20M for its healthier food and snacks products. It will use the additional money to expand in the UK and in France. This brand is growing fast and is planning a revenue “considerably over €100M” in 2023.

🇫🇮💪 EniferBio, a Finnish protein startup, raised €11M for its sustainable protein production technology for feed and food.

🇺🇸 💦 Hydration Cure, a US-based startup, raised $5.2M for its functional drinks that help with hydration and electrolyte balance.

🇮🇳🧊 Celsius, an India-based cold chain platform, raised $12M for its fresh logistics business. Logistics is getting more and more attention and especially in India, where Fresh food delivery is growing fast.

🇺🇸 🍔 Odeko, a US-based restaurant tech startup, raised $53M to help coffee shops with technology to digitize their operations.

🇮🇳 🍽️ Coca-Cola invested in Thrive, a virtual restaurant + ghost kitchen startup (operating its own set of brands and its kitchens).

🇺🇸 🥶 Counter, a US-based startup, raised $1.2M for its frozen food brand. Frozen is a food category that is getting more and more explored by entrepreneurs.

🇺🇸 🚰 An interesting article on Liquid Death, a startup valued at $700M. It sells Austrian water in cans to its US consumers at a steep premium. On the positive side, it is the demonstration of how fast brands can become powerful (200+ people have tattooed its logo on their bodies). On the opposite, it can also be seen as an unsustainable (both from the environmental and financial point of view) example of growth fueled by investors.

🇫🇷 🍽️ Inpulse, a French startup, raised €7M for its solution that automates restaurant stock and ordering management.

🇺🇸 💨 NovoNutrients, a US-based startup, raised $3M for its technology to use CO2 to produce a single-cell protein for animal feed.

🇪🇺 🏆 TOP50 European FoodTech startups in 2023
😓💰 Investments in Q1 2023: it’s bad, but it’s not the end of the world

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