๐ซ๐ทย ๐ผ Loop Dee, a French startup, raised 1.8โฌM for its quick pathogen analysis tool dedicated to the food industry.
๐บ๐ธย ๐ย 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.
๐บ๐ธย ๐งฌย 23andMe, a leading genetic analysis startup, received $300M of funding from GlaxoSmithKline (GSK). Beyond funding, GSK will gain exclusive access to the startupโs DNA database to develop new treatments for diseases linked to genetic mutations.
๐ณ๐ฑย ๐ฃ 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.
๐ฉ๐ชย ๐ Tupu, a German startup, raised $3.2M for its indoor mushroom production.
๐บ๐ธ๐งฌ Triplebar, a US-based startup, raised $20M for its platform optimising biomanufacturing, notably for products made through precision fermentation and cellular agriculture.
๐ฒ๐ฝ๐พ Verqor, a Mexican startup, raised $7.5M to offer loans to farmers, allowing them to get supplies such as inputs and pay with harvests.
๐ฉ๐ฐ๐ฑ Bioomix, a Danish startup, raised โฌ6.7M for its innovative microbial solutions for farmers, aiming to replace pesticides, antibiotics, and synthetic fertilisers in agriculture.
