8 notable deals and things to know this week (2023 – week #45)

πŸ‡«πŸ‡·Β πŸ’Ό Loop Dee, a French startup, raised 1.8€M for its quick pathogen analysis tool dedicated to the food industry.

πŸ‡ΊπŸ‡ΈΒ πŸ”Β Beyond Meat (one of the plant-based industry leaders, often considered an indicator for the overall industry) has again downgraded its annual revenue forecast and announced that it would lay off 19% of its non-production workforce.

πŸ‡ΊπŸ‡ΈΒ πŸ§¬Β 23andMe, a leading genetic analysis startup, received $300M of funding from GlaxoSmithKline (GSK). Beyond funding, GSK will gain exclusive access to the startup’s DNA database to develop new treatments for diseases linked to genetic mutations.

πŸ‡³πŸ‡±Β πŸ£ In Ovo, a Netherlands-based startup raised $42M for its technology determining the sex of hatching eggs. This combination of tech-enhanced profitability for hatcheries (previously, humans had to determine the sex of hatching eggs) and focus on animal welfare seems to be a winning approach.

πŸ‡©πŸ‡ͺΒ πŸ„ Tupu, a German startup, raised $3.2M for its indoor mushroom production.

πŸ‡ΊπŸ‡ΈπŸ§¬ Triplebar, a US-based startup, raised $20M for its platform optimising biomanufacturing, notably for products made through precision fermentation and cellular agriculture.

πŸ‡²πŸ‡½πŸŒΎ Verqor, a Mexican startup, raised $7.5M to offer loans to farmers, allowing them to get supplies such as inputs and pay with harvests.

πŸ‡©πŸ‡°πŸŒ± Bioomix, a Danish startup, raised €6.7M for its innovative microbial solutions for farmers, aiming to replace pesticides, antibiotics, and synthetic fertilisers in agriculture.


πŸ“¦ A nice future for smart packaging
Plant based strategies popping up around the world

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