11 notable deals and things to know this week (2023 – week #20)

🇫🇷 🥖 Tranché, a French startup, raised €3M to develop its chain of bakeries. Beyond tradition, it is also targeting online sales through delivery platforms such as Uber Eats.

🇫🇷 🌱Agriodor, a French startup, raised €5M for its eco-friendly alternative to insecticides. This topic is one of the hottest in 2023 due to both environmental concerns and increased energy costs.

🇫🇷 🇮🇱🥛 Danone invested in a couple of Israeli alternative protein startups:

🍴🇳🇱 Revyve, a Dutch startup, raised €8M, notably from Cosun, a large Dutch ingredient manufacturer. The startup upcycles spent yeast into ingredients for the plant-based industry.

🇩🇪 🇹🇷 Getir is discussing the possibility of acquiring Flink, the last independent European quick-commerce startup. The valuation could be slashed by 50% from Flink’s latest round of financing in late 2021.

🇨🇭 🚜 Ecorobotix, a Swiss startup, raised $52M for its weeding robots.

🇩🇪 🍽️ Gorillas (quick-commerce) co-founder raised €1.5M for a new virtual restaurant startup named TastyUrban.

🇸🇬 ☕ Flash Coffee, a Singapore-based startup, raised $50M for its coffee business that utilizes app ordering and delivery. This is part of a growing trend of South-East Asian (notably Indonesian) coffee chains raising money.

🇺🇸🥤Olipop, the probiotic soda brand, says it will reach $200M in sales this year. This brand, and others, are showing the strong appetite of consumers for new innovative beverages. This space is also attracting a lot of attention from investors.

🇺🇸 🍞 Hero Bread, a US-based low-carb bakery, raised €47.5M for its retail expansion.

🇺🇸 💊 The US food and drug administration (FDA) approved the first pill to treat the microbiome. It will address issues related to antibiotic resistance.

💨💸 When $200B go up in smoke
🇪🇺 🏆 TOP50 European FoodTech startups in 2023

Leave a Reply