๐ฉ๐ช๐ดKoro, a German-based startup, raised โฌ20M 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 โconsiderably over โฌ100Mโ in 2023.
๐ซ๐ฎ๐ช EniferBio, a Finnish protein startup, raised โฌ11M for its sustainable protein production technology for feed and food.
๐บ๐ธย ๐ฆย Hydration Cure, a US-based startup, raised $5.2M for its functional drinks that help with hydration and electrolyte balance.
๐ฎ๐ณ๐ง 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.
๐บ๐ธย ๐ Odeko, a US-based restaurant tech startup, raised $53M to help coffee shops with technology to digitize their operations.
๐ฎ๐ณย ๐ฝ๏ธย Coca-Cola invested in Thrive, a virtual restaurant + ghost kitchen startup (operating its own set of brands and its kitchens).
๐บ๐ธย ๐ฅถย 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.
๐บ๐ธย ๐ฐย 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.
๐ซ๐ทย ๐ฝ๏ธย Inpulse, a French startup, raised โฌ7M for its solution that automates restaurant stock and ordering management.
๐บ๐ธย ๐จ NovoNutrients, a US-based startup, raised $3M for its technology to use CO2 to produce a single-cell protein for animal feed.
