11 notable deals and things to know this week (2023 โ€“ week #47)

๐Ÿ‡บ๐Ÿ‡ธย ๐Ÿฝ๏ธ ย Heali, an American startup, raised $3M for its personalised โ€œnutrition therapyโ€ platform to manage health conditions. Unlike most platforms in this category, it focuses on many different conditions, and it has demonstrated its effectiveness in clinical trials.

๐Ÿ‡ซ๐Ÿ‡ท ๐Ÿ›’ Le Fourgon, a French startup, raised โ‚ฌ10M for its plastic-free online supermarket dedicated to beverages. If it follows the steps of Germanyโ€™s Flaschenpost (a successful unicorn acquired by Oetker, which operates the same business model), it is definitely a startup to follow. With this funding, it will grow in new locations all over France.

๐Ÿ‡บ๐Ÿ‡ธย ๐Ÿƒย Bowery, a US-based vertical farming startup, raised $85M. However, this deal, which comes after layoffs and in a context of serious doubts about the potential of vertical farms ever to generate profits, comes with a valuation axed by 85%.

๐Ÿ‡ฎ๐Ÿ‡ช ๐Ÿฝ๏ธ Positive Carbon, an Irish startup, raised โ‚ฌ2.3M to help commercial kitchens reduce food waste. Through sensors, it detects which ingredients or foods go to the bin, providing analytics that can reduce waste (and costs).

๐Ÿ‡ซ๐Ÿ‡ท ๐Ÿ Ida, a French startup, raised โ‚ฌ2.7M for its AI-driven technology to help supermarkets better manage their forecasts, supplies, and orders of fresh foods. This leads to food waste and savings for supermarkets.

๐Ÿ‡จ๐Ÿ‡ฆ ๐Ÿค– 4AG Robotics, a Canadian startup, raised $17.5M for its mushroom harvesting robots. With it, it addresses labour shortages (the industry is still heavily manual and relies on immigrant workers). With this funding, the startup will commercialise the robots in Canada and Europe.

๐Ÿ‡ณ๐Ÿ‡ฑ ๐Ÿ Crisp, a Dutch startup, raised โ‚ฌ35M for its farm-to-home online grocery delivery service. Unlike quick-commerce startups, and in order to be profitable, Crisp offers next-day deliveries and focuses on weekly groceries.

๐Ÿ‡ซ๐Ÿ‡ทย โ™ป๏ธย Toopi Organics, the French startup recycling human urine into a bio input for organic agriculture, received โ‚ฌ8.4M in grants and investment from an EU-related program.

๐Ÿ‡ฎ๐Ÿ‡นย ๐Ÿ›‘ย Italy has banned lab-grown meat. The law was voted on last week by the parliament and portrays cellular agriculture, insects, and other novel foods as a threat to Italyโ€™s food culture. Letโ€™s say that it will not stop the cellular agriculture industry from moving forward. It may only harm Italyโ€™s foodtech ecosystem.

๐Ÿ‡ฌ๐Ÿ‡ง ๐Ÿฝ๏ธ Appetite, a British startup, raised $2M for its restaurant discovery and booking app. Restaurant booking apps seem to constantly reinvent themselves, even if very few last very long or have a strong business model.

๐Ÿ‡ช๐Ÿ‡ธ ๐Ÿ’ป Last.app, a Spanish startup, raised โ‚ฌ5M for its restaurant business operating system, which connects to hundreds of existing services.

๐ŸŒ ๐ŸŒพ Future of food in Asia: from rice paddies to foodtech investments
๐Ÿ“Š๐Ÿ’ฐGlobal FoodTech investments & top deals for Q3

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