🇮🇹 🌱 Planet Farms, an Italian startup, raised $40M to expand its vertical farms in Italy and in the UK. The startup reached a valuation of $500M, something quite noticeable in a market where most vertical farming startups are in a dire situation.
🇺🇸 🥛 Ripple Foods, a US-based raised $49M for its line of pea-protein milk and other dairy product alternatives. While the overall plant-based ecosystem is not doing great, sales of plant-based dairy are still growing.
🇮🇹 🍽️ Soplaya, an Italian startup, raised €12.5M for its digital procurement solution for the foodservice industry.
🇩🇪 🌱 Quazy Foods, a German startup, raised €800k to develop ingredients based on microalgae.
🇺🇸 🌶️ Truff, a US brand of truffle-based spicy condiments, received funding from the private equity firm founded by Kim Kardashian.
🇨🇳 🍲 Jack Ma is launching a new startup, Ma’s Kitchen which will sell packaged agriculture products. He already invested $1.4M in the company.
🇬🇧 🌱 Biomel, a British startup, raised £5.5M for its plant-based gut health products (from drinks to snack bars).
🇮🇩 🦐 JALA, an Indonesian startup, raised US$13.1M for its solutions for the shrimp farming industry. We observe a growing appetite for solutions/tech providers for the aquaculture industry.
🇰🇪 🛰️ Amini, a Kenyan startup, raised $4M to provide environmental information to food companies and agricultural insurers in Africa. For now it uses publicly available data, but it wants to launch its own constellation of satellites.
