13 notable deals and things to know this week (2024 โ€“ week #19)

Startup news and deals

๐Ÿ‡บ๐Ÿ‡ธย ๐Ÿฅƒย Unicorn, an American startup, raised $5.8M for its wine and spirits (mostly whisky, from what we saw) collectors platform. Users can buy and sell bottles through auctions.

๐Ÿ‡บ๐Ÿ‡ธย ๐Ÿ“ Oishii, an American vertical farming startup, secured $15M In loans from the USDA to convert an old building into an energy-efficient vertical farm to produce its high-quality strawberries. This is part of the much larger trend in the US of public loans and grants to fund the energy transition.

๐Ÿ‡ณ๐Ÿ‡ฟ๐ŸŒฑ Jooules, a New Zealand startup, raised NZ$1M for its biomass fermentation process that โ€œtransformsโ€ CO2 into proteins.

๐Ÿ‡ซ๐Ÿ‡ทย ๐Ÿ’ฝย KaryonFood, a French startup, raised โ‚ฌ1.3M to grow its tool that helps food companies and retailers to manage data better.

๐Ÿ‡บ๐Ÿ‡ธย ๐ŸŸย Shinkei, a US-based startup, raised $6M for its more humane and quality-preserving fish harvesting technology.

๐Ÿ‡บ๐Ÿ‡ธย ๐Ÿงช Caladan Bio, a US-based startup, raised $5M for its improved bioreactors that could increase the speed the speed of research and development. Bioreactors are one of the key bottlenecks of the alternative protein and, more broadly, synbio food ecosystems

๐Ÿ‡บ๐Ÿ‡ธย ๐Ÿงฌย Shiru, a US-based startup, unveiled its marketplace for proteins. Shiru โ€œdiscoversโ€ proteins in plants and fungi. These proteins have functionalities close to animal proteins, such as casein, and can act as substitutes. On the marketplace, companies can buy samples or licence the use of the proteins. Just screening the marketplace is quite exciting. They are presented just like a list of products on Amazon, giving a glimpse of the โ€œfuture of foodโ€ where all types of proteins (either natural or custom-made) will be available at the tap of a fingertip.

๐Ÿ‡ฎ๐Ÿ‡ณย ๐Ÿ’ฐSwiggy, one of Indiaโ€™s leading food delivery startups, is planning a $1.25B IPO.

๐Ÿ‡บ๐Ÿ‡ธย ๐Ÿ“Š Invent Analytics, an American startup, raised $17M for its AI-based inventory management solutions.

๐Ÿ‡ณ๐Ÿ‡ฌ๐Ÿšš Chowdeck, a Nigerian startup, raised $2.5M to create a local food delivery leader.

๐Ÿ‡ฌ๐Ÿ‡ง๐ŸŒพ Crobio, a British startup, raised โ‚ฌ1.45M for its soil microbes that increase the drought resilience of crops

Regulation & public support

๐Ÿ‡บ๐Ÿ‡ธย ๐Ÿง€ย Climax Foods, a US-based plant-based cheese startup, has won a food competition, only to be ultimately disqualified. Beyond, it shows the uneasiness around this topic of plant-based foods being judged as good as the โ€œreal stuffโ€.

๐Ÿ‡ฐ๐Ÿ‡ทย โš–๏ธย South Korea is establishing a regulation-free special zone for cultivated meat production, aiming to create a regional hub.

๐Ÿ’Š๐Ÿฅ— The post Ozempic world
๐Ÿ“Š FoodTech in graphs: indulgence comes first

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