5 notable deals this week (2022 – week #27)

๐ŸŒฑย ๐Ÿ‡ฌ๐Ÿ‡งย Tropic Biosciences, a British startup, raised $35M for its gene-editing techniques applied to tropical agriculture (with a focus on banana, rice and coffee) in order to make it more efficient.

๐Ÿฝ๏ธย  ๐Ÿ‡ฌ๐Ÿ‡งย  Vita Mojo, another British startup, raised $30M for its suite of digital solutions for restaurant owners to take digital orders and then to manage them. This space is particularly hot with two other European startups; Flipdish and Deliverect reaching the unicorn status earlier this year

๐Ÿฅ”ย  ๐Ÿ‡ซ๐Ÿ‡ทย  Hors Normes, the French startup delivering ugly produce, raised โ‚ฌ7M. Inspired by Misfits Market and Imperfect Foods, two US startups with a huge success (and many others), it already serves 7,000 clients

๐Ÿ…ย  ๐Ÿ‡ซ๐Ÿ‡ท ย Micropep Technologies, a French startup, raised โ‚ฌ8.75M for its micropeptides that are an alternative to pesticides. Peptides are tiny proteins that have a temporary impact on the plantโ€™s RNA. The startup is spin-off from a R&D public lab, something rare enough in the French FoodTech ecosystem to be underlined.

๐ŸŒฑ ๐Ÿ‡บ๐Ÿ‡ธ Fyto, a US-based startup, raised $15M, for its aquatic plant (a duckweed) that can used as an alternative for animal feed. Its farms are automated and are designed to use manure as feedstock, hence creating a virtuous cycle that uses the waste of the animals it feeds as input.

๐Ÿ“Š 80% of quick-commerce orders are discounted - can it be profitable?
Ordering meals from CPG brands such as Heinz + 4 interesting articles

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