8 notable deals and things to know this week (2023 โ€“ week #22)

๐Ÿฆ„ย Withย 2 unicorns in one week, itโ€™s definitely not the end of the world for FoodTech

๐Ÿ‡ฎ๐Ÿ‡ฉย ๐Ÿ  eFishery, an Indonesian startup, raised $108M for its innovative aquaculture solutions that feed fish automatically. It is joining the club of FoodTech unicorns and hopes to serve more than one million aquaculture farms by 2025.

๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ’งGradiant, a US-based startup, raised a $225M for its technology that reduce water usage for companies in pharma, food, but also semiconductors.

๐Ÿ‡บ๐Ÿ‡ธย ๐Ÿฝ๏ธ Restaurant365, an American startup, raised $135M to expand its software platform which helps restaurants manage operations such as accounting, inventory, and workforce.

๐Ÿ‡ฎ๐Ÿ‡ชย ๐Ÿฝ๏ธ Nory, an Irish startup, raised โ‚ฌ7M for its data-driven insight platform to optimize operations for restaurants.

๐Ÿ‡ฎ๐Ÿ‡ฑย ๐Ÿฌย Incredo, formerly known as DouxMatok, raised $30M for its sugar alternative. It has developed a product based on real sugar, that creates the same taste, but which needs much smaller amounts (up to 50% less).

๐Ÿ‡บ๐Ÿ‡ธย ๐Ÿฅ— Vitabowl, an American startup, raised $3 million for its innovative approach to food as medicine. It delivers ready-to-eat meals which are planned by dietitians to match different needs.

๐Ÿ‡ง๐Ÿ‡ฌย โ˜• Cupffee, a Bulgarian startup, raised โ‚ฌ1.8M for its edible coffee cup. For us, edible packaging is one of the worst idea ever developed by startups: it taste bad and it is too costly (and having hot coffee dripping on you from a cup is not the best of experience). But maybe this time, it will work.

๐Ÿ‡ฎ๐Ÿ‡ชย ๐Ÿบย A new law in Ireland will require alcoholic beverage makers to disclose on their packaging the amounts of calories and to warn consumers against cancer risk increase. It is the first country to adopt such a legislation. Letโ€™s say that winemakers are not happy about that. This is again a new sign of the trend to link what we eat and our health, and how difficult the transition toward beter habits will be.

๐Ÿ’ฐ๐Ÿข More corporate involved in FoodTech startups
๐Ÿฅฉ๐Ÿ’ฐ Is meat tax a solution?

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