🇦🇺🌱 CH4 Global, an Australian startup, raised $29M to reduce livestock methane emissions. Its supplements can reduce by up to 90% the emissions.
🇫🇷🌱 Abelio, a French startup, raised €4M for its solutions dedicated to the digital transformation of the agriculture sector. It already works with 10,000 farmers and provides them with tools to capture, centralise, and act on all the data generated by their crops.
🇪🇸 🚴♂️ Glovo, a Spanish food delivery startup (now part of Delivery Hero), may be liable for up to €400M due to the potential reclassification of its drivers as employees.
🦄 💥 Have we (again) lost a unicorn? Indigo Ag, an Israeli AgTech startup, has seen its valuation drop 94%, from $3.5 billion to a mere $200M.
If you are interested in FoodTech unicorns (which provide a very good overview of the health and trends of the overall ecosystem), you can download our latest report and mapping!
🇧🇪🥤 Dripl, a Belgium-based startup, raised €2M to scale refill points for its package-free soft drinks. As for many solutions of this type, it focuses on the workplace to deploy its machines. This seems a tough market to operate in, without providing any visible innovation and in direct competition with soft drink giants.
🇩🇪 🤝 Circus, a food delivery startup, acquired Aitme, a food robot maker. Both startups are German. The deal makes sense as Circus specialises in freshly cooked meals, while Aitme has developed a robot that automatically cooks entire meals (bowls). On the other hand, it is again a signal of the inability of startups working on food robotics to survive in this tough ecosystem.
🇺🇸🌾 Pivot Bio, a US-based startup, raised over $100M to replace synthetic nitrogen with a more sustainable, microbe-based alternative.
🇺🇸🐾 Jinx, an American startup, raised $18M for its dog food. The company has already transitioned from D2C (Direct-to-consumer) to retail and wants to expand its footprint further.
🇧🇷 🍽️ Praso, a Brazilian startup, raised $9.3M for its B2B marketplace that helps small retailers such as restaurants or bakeries connect with wholesalers. The digitisation of the B2B food supply chain is a really hot topic right now, notably in large developing economies such as Brazil.