๐ซ๐ทย ๐ปย Toopi Organics, a French startup, raised โฌ16M to industrialise its process that transforms human urine into fertiliser. It plans to collect more than 2 million litres of urine by 2027.
๐บ๐ธย ๐ฐ 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 โthree historical leadersโ of alternative proteins (with Beyond Meat and Impossible Foods)?
๐บ๐ธย ๐งโ๐พย 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 doesnโt operate the farms. It is instead the provider of the technology and software behind its modular farms.
๐ฌ๐ง ๐ Oceanium, a British startup, raised $2.6M to scale its seaweed processing operations.
๐บ๐ธย ๐ญย 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.
๐บ๐ธ ๐ฅ SkinnyDipped, an American startup, raised $12M for its better-for-you snacks. Many celebrities participated in this deal.
๐บ๐ธ ๐ฑ The Bettering Company, an American startup, raised $6.7M to create cannabis-infused gummies.
๐ฐ๐ท ๐ฟ 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.
