🇫🇷 🌻 Toopi Organics, a French startup, raised €16M to industrialise its process that transforms human urine into fertiliser. It plans to collect more than 2 million litres of urine by 2027.
🇺🇸 💰 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 “three historical leaders” of alternative proteins (with Beyond Meat and Impossible Foods)?
🇺🇸 🧑🌾 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 doesn’t operate the farms. It is instead the provider of the technology and software behind its modular farms.
🇬🇧 🌊 Oceanium, a British startup, raised $2.6M to scale its seaweed processing operations.
🇺🇸 🏭 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.
🇺🇸 🥜 SkinnyDipped, an American startup, raised $12M for its better-for-you snacks. Many celebrities participated in this deal.
🇺🇸 🌱 The Bettering Company, an American startup, raised $6.7M to create cannabis-infused gummies.
🇰🇷 🌿 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.