11 notable deals and things to know this week (2023 – week #15)

๐Ÿ‡ช๐Ÿ‡ธย ๐Ÿ”ย Vicio, a Spanish food delivery brand, raised โ‚ฌ17M for its burgers. It bets on quality and partnership with influencers. In the last round, football stars such as Leo Messi and Antoine Grizemann invested in the startup.

๐Ÿ‡ฉ๐Ÿ‡ฐย ๐Ÿญย Unibio, a Danish startup using biomass fermentation to produce a new type of protein for animal feed, raised $70M from a Saudi petrochemical company. This will be used to finance a new production facility.
As for other alternative protein sectors, large investment from companies and sovereign funds from the Middle East is more and more common. Will it become tomorrowโ€™s global protein hub? As Europe is stalling with regulation, it seems that leaders in the Gulf are betting solid money on this thesis.

๐Ÿ‡บ๐Ÿ‡ธย ๐Ÿ“ฆย Boxed, a publicly listed online bulk retailer, announced that it filed for bankruptcy. As for many other companies that used a SPAC to list on the public markets, it was facing difficulties for quite some time.

๐Ÿ‡ฎ๐Ÿ‡ฑย ๐Ÿจย Reeco, an Israeli startup, raised $10M for its hospitality procurement platform.

๐Ÿ‡ณ๐Ÿ‡ฟย ๐Ÿ„ย Halter, a New Zealand-based startup, raised $53M for its collar for cows. These guide the cow, avoid fencing and provide health data on the animal.

๐Ÿ‡ฎ๐Ÿ‡ฑย ๐Ÿผย Wilk, an Israeli startup, raised $3.5M, with notably $2M from Danone, for its cell-based breast milk. It uses cellular agriculture to produce milk from human breast cells.

๐Ÿ‡ซ๐Ÿ‡ทย ๐Ÿ’ฐย Algaia, a French algae producer, was acquired by JRS Marine, a former subsidiary of Dupont.

๐Ÿ‡ซ๐Ÿ‡ทย ๐Ÿฅ•ย Carot, a French smart fridge canteen startup, raised โ‚ฌ2M.

๐Ÿ‡บ๐Ÿ‡ธย ๐Ÿฅฌย Two US startups raised money for their vertical farms:

๐Ÿ‡บ๐Ÿ‡ธย Valyant raised $17M for its AI-based voice and payment assistant for restaurants (to take orders).

๐Ÿ“Š FoodTech in graphs: plant-based sales, climate and nature
๐Ÿ‡ช๐Ÿ‡บ๐ŸŒ† European FoodTech hubs

Leave a Reply