8 notable deals and things to know this week (2023 โ€“ week #38)

๐Ÿ‡ซ๐Ÿ‡ทย ๐ŸŒปย Toopi Organics, a French startup, raised โ‚ฌ16M to industrialise its process that transforms human urine into fertiliser. It plans to collect more than 2 million litres of urine by 2027.

๐Ÿ‡บ๐Ÿ‡ธย ๐Ÿ’ฐ Good Meat, the cellular agriculture branch of Eat Just, is being sued for failing to pay $30 million in invoices. The two companies signed a bioreactor development agreement in 2022. In the meantime, Eat Just has just secured a new funding round. Is it a sign of financial distress from one of the โ€œthree historical leadersโ€ of alternative proteins (with Beyond Meat and Impossible Foods)?

๐Ÿ‡บ๐Ÿ‡ธย ๐Ÿง‘โ€๐ŸŒพย Freight Farms, a US-based urban farming startup, is going public at a $147M valuation. Compared to the many startups that have recently failed in this ecosystem, Freight Farms doesnโ€™t operate the farms. It is instead the provider of the technology and software behind its modular farms.

๐Ÿ‡ฌ๐Ÿ‡ง ๐ŸŒŠ Oceanium, a British startup, raised $2.6M to scale its seaweed processing operations.

๐Ÿ‡บ๐Ÿ‡ธย ๐Ÿญย UPSIDE Foods, the most well-funded cellular agriculture startup, announced that it will build its first large-scale commercial production facility. It could reach a significant size and produce up to 30 million pounds.

๐Ÿ‡บ๐Ÿ‡ธ ๐Ÿฅœ SkinnyDipped, an American startup, raised $12M for its better-for-you snacks. Many celebrities participated in this deal.

๐Ÿ‡บ๐Ÿ‡ธ ๐ŸŒฑ The Bettering Company, an American startup, raised $6.7M to create cannabis-infused gummies.

๐Ÿ‡ฐ๐Ÿ‡ท ๐ŸŒฟ HN Novatech, a South Korean startup, raised $4M to commercialise its alternative to heme (the ingredient that provides the meaty taste and mouthfeel when you eat an animal burger) with seaweed.

Whatโ€™s next for the food supply chain?
๐Ÿ ๐Ÿ“ˆ FoodTech in graphs: vegan or not vegan?

Leave a Reply