5 notable deals this week (2022 – week #36)

๐Ÿงœย  ๐Ÿ‡ฎ๐Ÿ‡ฑย  Mermade Seafoods, an Israeli startup, raised $3.3M to use cellular agriculture to produce scallops. Interestingly, more alternative protein startups address food items with newer ventures focused on items that are often the most expansive and the most impacted by humans (either by climate change or overconsumption, as are scallops).

๐ŸŒฟย  ๐Ÿ‡ฌ๐Ÿ‡งย  OneFarm, a British vertical farm, raised โ‚ฌ8.7M. The number of deals in the UK around vertical farms is quite impressive. Is it a viable technological deployment or a short-lived craze?

๐Ÿฅ›ย  ๐Ÿ‡ณ๐Ÿ‡ฟย  ๐Ÿ‡ณ๐Ÿ‡ฑย ย Fonterra, the worldโ€™s largest milk producer, is the Dutch ingredient company DSM to launch a โ€œstartupโ€ to explore and commercialize precision fermentation dairy proteins. Joint ventures and innovation centres are a trending topic in alternative proteins with more and more announcements.

โšกย ๐Ÿ‡ซ๐Ÿ‡ฎย  Tracegrow, a Finnish startup, raised โ‚ฌ2.5M to turn used batteries into fertilizer. Investments in alternatives to gas-based fertilizers are one of the hottest topics to follow.

๐Ÿ—‘๏ธย  ๐Ÿ‡ธ๐Ÿ‡ชย  Motatos, a Swedish startup operating an online grocery store for discounted cupboard products, raised โ‚ฌ38M. It has grown in multiple European countries and will reach โ‚ฌ100M in sales this year.

๐Ÿ”ย ๐Ÿ‡จ๐Ÿ‡ญย Planted, a Swiss plant-based meat startup, raised CHF70M. Its products are already available in multiple European countries and may become Europeโ€™s leader. It plans to use the new funding to launch a line of whole cuts (big chunks of meat, the new โ€œholy grailโ€ of plant-based foods).

7 notable deals this week (2022 - week #37)
๐Ÿ“Š๐Ÿ’ฐ[Exclusive data] - Investments in FoodTech startups in 2022

Leave a Reply