11 notable deals and things to know this week (2023 – week #20)

๐Ÿ‡ซ๐Ÿ‡ท ๐Ÿฅ–ย Tranchรฉ, a French startup, raised โ‚ฌ3M to develop its chain of bakeries. Beyond tradition, it is also targeting online sales through delivery platforms such as Uber Eats.

๐Ÿ‡ซ๐Ÿ‡ท ๐ŸŒฑAgriodor, a French startup, raised โ‚ฌ5M for its eco-friendly alternative to insecticides. This topic is one of the hottest in 2023 due to both environmental concerns and increased energy costs.

๐Ÿ‡ซ๐Ÿ‡ทย ๐Ÿ‡ฎ๐Ÿ‡ฑ๐Ÿฅ›ย Danone invested in a couple of Israeli alternative protein startups:

๐Ÿด๐Ÿ‡ณ๐Ÿ‡ฑ Revyve, a Dutch startup, raised โ‚ฌ8M, notably from Cosun, a large Dutch ingredient manufacturer. The startup upcycles spent yeast into ingredients for the plant-based industry.

๐Ÿ‡ฉ๐Ÿ‡ชย ๐Ÿ‡น๐Ÿ‡ทย Getir is discussing the possibility of acquiring Flink, the last independent European quick-commerce startup. The valuation could be slashed by 50% from Flinkโ€™s latest round of financing in late 2021.

๐Ÿ‡จ๐Ÿ‡ญย ๐Ÿšœ Ecorobotix, a Swiss startup, raised $52M for its weeding robots.

๐Ÿ‡ฉ๐Ÿ‡ชย ๐Ÿฝ๏ธย Gorillas (quick-commerce) co-founder raised โ‚ฌ1.5M for a new virtual restaurant startup named TastyUrban.

๐Ÿ‡ธ๐Ÿ‡ฌ โ˜•ย Flash Coffee, a Singapore-based startup, raised $50M for its coffee business that utilizes app ordering and delivery. This is part of a growing trend of South-East Asian (notably Indonesian) coffee chains raising money.

๐Ÿ‡บ๐Ÿ‡ธ๐ŸฅคOlipop, the probiotic soda brand, says it will reach $200M in sales this year. This brand, and others, are showing the strong appetite of consumers for new innovative beverages. This space is also attracting a lot of attention from investors.

๐Ÿ‡บ๐Ÿ‡ธย ๐Ÿž Hero Bread, a US-based low-carb bakery, raised โ‚ฌ47.5M for its retail expansion.

๐Ÿ‡บ๐Ÿ‡ธย ๐Ÿ’Šย The US food and drug administration (FDA) approved the first pill to treat the microbiome. It will address issues related to antibiotic resistance.

๐Ÿ’จ๐Ÿ’ธ When $200B go up in smoke
๐Ÿ‡ช๐Ÿ‡บ ๐Ÿ† TOP50 European FoodTech startups in 2023

Leave a Reply