6 notable deals this week (2022 – week #40)

๐Ÿ‡ซ๐Ÿ‡ทย  ๐Ÿšœย Javelot, a French startup, raised โ‚ฌ10M for its data service that helps to manage the data inside grain silos. It greatly helps to diminish energy consumption and pesticides inside silos.

๐Ÿ‡ฆ๐Ÿ‡น ๐Ÿ›ย  Livin Farms, an Austrian startup, raised $5.8M for its modular insects farms. The idea is to sell small autonomous and robotic farms to facilities that generate organic waste. This waste will be in turn turned into insect flour and hence a new revenue stream.

๐Ÿ‡ซ๐Ÿ‡ทย  ๐Ÿœย  ๐Ÿถย  Invers, a French startup, raised โ‚ฌ15M for its production of insects, dedicated to pet food. Beyond animal feeding, pet food seems to be the most obvious market for insects. It remains to be seen if pet owners will feed their beloved animals with insects (as they donโ€™t want to eat them for themselves).

๐Ÿ‡บ๐Ÿ‡ธย  ๐Ÿ’จย  Yard Stick, a US-based startup, raised $18M for its carbon measurement tools. Today, measuring soil carbon is quite complicated and requires a sample to be sent to a lab. With Yard Stick, measurements can be made on the spot. This kind of tools will be greatly needed to assess how farming practices actually capture carbon or not.

๐Ÿ‡บ๐Ÿ‡ธย  โ˜•ย  Artly, a US-based startup, raised $8M for its barista robot. Letโ€™s hope it will have more success than other coffee robots (everyone love the idea of food robots until they see their upfront cost and maintenance price).

๐Ÿ‡ณ๐Ÿ‡ฌย  ๐Ÿฝ๏ธย  ย Vendease, a Nigerian startup, raised $30M for its food procurement platform. It helps restaurant to connect with suppliers and reduce the amount of time (and cash) dedicated to the operation. This is again a deal around the challenge of restaurant food procurement.

๐Ÿ’ฐ ๐Ÿ‡ฎ๐Ÿ‡น FoodTech investments in Italy
8 notable deals this week (2022 - week #39)

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