9 notable deals and things to know this week (2023 โ€“ week #44)

๐Ÿ‡ซ๐Ÿ‡ทย โ˜•ย Amatera, a French startup, raised โ‚ฌ1.5M for its climate-resistant coffee crops. Through non-GMO breeding technology, it aims to create new varieties much faster than is possible today. Paulig, a Finnish food company, led the round.

๐Ÿ‡ฉ๐Ÿ‡ช๐ŸฆŸ FarmInsect, a German startup, raised โ‚ฌ8M to commercialise its modular insect farms for animal feed.

๐Ÿ‡ซ๐Ÿ‡ทย ๐Ÿšœย Farmitoo, a French marketplace dedicated to agricultural machinery, raised โ‚ฌ2.5M. This is quite lower than the โ‚ฌ10M raised two years ago, showing how complicated the funding ecosystem has become.

๐Ÿ‡ฉ๐Ÿ‡ชย ๐Ÿค– GoodBytz, a German startup, raised โ‚ฌ12M for its robotic kitchens.

๐Ÿ‡บ๐Ÿ‡ธย ๐Ÿ“‰ย Due to diminished consumer demand, ADM, a global food processing and commodities company, has decided to reevaluate its $300M investment plan for expanding alternative protein production.

๐Ÿ‡บ๐Ÿ‡ธย ๐Ÿง‘โ€๐ŸŒพย Farmers Business Network, a startup that has developed a network to enable farmers to benefit from each other’s data and also a large agricultural marketplace, announced a partnership with ADM. Together, they aim to help farmers to have 2 million acres of US farmland moving to regenerative agriculture.

๐Ÿ‡ซ๐Ÿ‡ทย ๐Ÿ•น๏ธย My Lovely Planet, a French startup, raised โ‚ฌ2M for its crypto-based mobile game that merges fun and environmental consciousness. While not directly โ€œfoodtechโ€, we find this interesting as we believe that education (notably on the link between food and climate change) will be key to successfully transitioning to a more sustainable food system.

๐Ÿ‡ซ๐Ÿ‡ทย ๐Ÿ›ฐ๏ธ CarbonFarm, a French startup, raised โ‚ฌ2.5M to commercialise its satellite monitoring solution for rice cultivation.

๐Ÿ‡ซ๐Ÿ‡ทย ๐Ÿ’ฆ Osiris Agriculture, a French startup, raised โ‚ฌ2.15M for its robotics-based irrigation solution.


Plant based strategies popping up around the world
๐Ÿšฐ Water - Foodtech in charts

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