10 notable deals this week (2022 – week #43)

Here are the 10 deals that we found the most exciting and interesting for you to know this week:

๐Ÿ‡ฌ๐Ÿ‡งย  ๐Ÿงซย  Hoxton Farms, a British cellular agriculture startup, raised $22M to build its pilot plant. It focuses on alternative fats.
With the hundreds of millions raised by cellular agriculture and precision fermentation startups this year โ€œjustโ€ to build their pilot plants, it will be a great year for all the equipment manufacturers (notably bioreactor providers) and all the people on the market with some bioengineering skills.

๐Ÿ‡ช๐Ÿ‡ธย  ๐Ÿบย Ekonoke, a Spanish startup, raised โ‚ฌ4.2M to grow hops indoors, and henceโ€ฆ ensure that beer can be made even as the crop is threatened by climate change. Beyond fighting climate change, we expect to see more and more ag&food startups focusing on mitigation (on impacts on all parts of the food value chain, big or small).

๐ŸฅŸย  ๐Ÿ‡บ๐Ÿ‡ธย  Xiao Chi Jie, an American Direct-To-Consumer startup selling frozen dumplings, raised $10M to rebrand and enter retail. Initially, the brand was a restaurant, which was forced to move to DTC in 2020 and was met with success due to viral videos on TikTok.

๐Ÿฆ ย ๐Ÿ‡บ๐Ÿ‡ธ Viome, a leading US startup focused on testing kits (microbiome and DNA) raised $67M. It has recently released a new at-home test that can detect biomarkers associated oral and throat cancers. The funding will be used to develop new tests to detect new cancers and gastrointestinal diseases.

๐Ÿ’Šย  ๐Ÿ‡ฌ๐Ÿ‡งย Feel, a UK-based startup raised ยฃ10M for its range of supplements. This follows a media-for-equity deal last year with a TV broadcaster. It shows how a DTC brand can be grown by a combination of media and influence.

๐Ÿ’ฆย  ๐Ÿ‡บ๐Ÿ‡ธ Nitricity, a US-based startup, raised $20M for its solution to produce nitrogen with renewable energy.

๐Ÿ‡ช๐Ÿ‡ฌย ๐Ÿ‘ฉโ€๐Ÿณย MaxAB, an Egyptian startup, raised $40M for its B2B marketplace. It connects suppliers and small shops in Egypt and Maroc. It will use the funding to grow in new markets.

๐Ÿ‡ฆ๐Ÿ‡บย ๐Ÿงˆย Nourish, an Australia-based startup, raised AUD$45M for its fat alternatives. It uses precision fermentation to recreate animal fats which would then be used for plant-based alternatives.

๐Ÿ‡บ๐Ÿ‡ธย  ๐Ÿค–ย  + ๐Ÿฅ–ย  While robots have a hard time and many startups are failing, others are still betting on this market:

๐Ÿถ The future of (pet)food
Making fun at quantified self