Weekly Highlights in Agri-Food Tech
This week has seen significant developments in the agri-food tech sector. British pet-food delivery service Butternut Box secured over $100 million, positioning itself as Europe’s next pet food unicorn. Meanwhile, German startup OroraTech extended its Series B funding to scale its satellite-powered wildfire detection technology. In London, Converge successfully raised funds aimed at decarbonizing concrete through artificial intelligence.
In other noteworthy news, Chobani made headlines by acquiring the plant-based food maker, Daily Harvest. Additionally, Big Idea Ventures has acquired Vevolution to broaden its impact in the global agrifoodtech landscape.
Startup Funding Updates
- 🇬🇧 Butternut Box fetches over $100m from Liquidity to become Europe’s next pet food unicorn Tech Funding News
- 🇩🇪 OroraTech extends its Series B to $42m to scale satellite-powered wildfire forecasting tech Tech.eu
- 🇬🇧 Converge raises $22m to decarbonize concrete with AI Converge
- 🇬🇧 London-based Rivan raises $13.3m to decarbonize heavy industry using synthetic fuels Silicon Canals
- 🇦🇺 EatClub secures $11.6m Series A to fuel UK expansion Startup Daily
- 🇨🇦 Tentree spinout Veritree announces $6.6m Series A to help companies manage nature restoration projects Betakit
- 🇩🇪 Berlin-based Freshflow raises $7.4m to optimise fresh food supply chain with AI EU Startups
- 🇨🇦 Verdi Raises $6.5m to Scale Irrigation Automation Across North America Techcouver
- 🇺🇸 Blooms plans more digital financial tools for Latam’s produce exporters with SP Ventures-led fundraise AgFunderNews
- 🇨🇴 Ocean 14 and S2G invest in Colombian insect meal startup Enthos Impact Investor
- 🇸🇬🇳🇿 Epic Angels joins funding for NZ biotech startup Opo Bio Tech In Asia
M&A, IPOs & Partnerships
- 🇺🇸 Chobani buys plant-based food maker Daily Harvest Food Dive
- 🇺🇸🇬🇧 Big Idea Ventures acquires Vevolution to expand global agrifoodtech reach Protein Production Technology
- 🇺🇸 Bartlett agrees to acquire Minnesota-based global agriculture company, Ceres Global Bartlett
- 🇪🇸 Glovo and Finmid partner to provide instant capital to SMEs Tech.eu
- 🇮🇳 Temasek-backed logistics firm Shiprocket files draft IPO Tech In Asia
- 🇸🇬🇮🇩 Indonesia’s antitrust body looking into risks from reported Grab-GoTo merger Reuters
- 🇩🇰🇬🇧 Danish starch producer KMC signs UK deal with Daymer Ingredients Vegconomist
- 🇩🇪🇺🇸 Veganz partners with Jindilli Beverages to expand Milk technology across North America, Australia and New Zealand The Plant Base Mag
Funds, Grants & Accelerators
- 🇳🇿 New Zealand’s Seedling Investments launches fund to drive next generation of regenerative dairy farmers and farming RFSI Forum
- 🇳🇱 Carbon Equity launches fund to allow retail investors to back climate tech companies starting from $22.6k Silicon Canals
People Moves
- 🇺🇸 Eric Schulze joins Omeat Alt-Meat
- 🇳🇱 Robert E. Jones steps down from Mosa Meat and Cellular Agriculture Europe Protein Production Technology
- 🇮🇱 Gusui Wu Joins GeneNeer as Senior Scientific Advisor PR Newswire
Other Notable News
- 🇨🇭 Nestlé bets big on AI and biotech with a new deep tech center in Switzerland AgFunderNews
- 🇸🇬 TurtleTree secures FDA “No Questions” letter for world’s first precision-fermented lactoferrin PR Newswire
- 🇺🇸 FDA advances robust, transparent post-market chemical review program to keep food supply safe and healthy U.S. Food and Drug Administration
- 🇬🇧 Over 40 brands unite in “unprecedented” campaign to drive meat-free category growth Vegconomist
- 🇺🇸 Georgia passes federal pesticide label legislation: how will this impact glyphosate? CropLife
- 🇺🇸 Nebraska sixth state to ban lab-grown meat National Hog Farmer
- 🇩🇪 German meat alternatives production increased by 4% to 126,500 tonnes in 2024 Vegconomist
- 🇺🇸 Leading companies launch American Alliance for Biomanufacturing (AAB) to bolster U.S. industrial leadership PR Newswire
