European Startups Make Waves with Major Funding Rounds and Innovations

The past week has been a promising one for European startups, with several companies securing significant funding rounds and unveiling groundbreaking innovations. Here is a roundup of some of the notable developments:

Startup Funding

🇫🇷 Fairmat from France closed a $57 million Series B round to focus on recycling carbon composites for sustainable practices.

🇫🇮 Fiberdom in Finland secured $3.9 million to drive innovation in plastic-free materials.

🇸🇪 Algae Factory from Sweden bagged $3.3 million to expand the production of microscopic algae across various industries.

Mergers, Acquisitions, IPOs, and Partnerships

🇺🇸 Uber and OpenTable announced a partnership to offer dining and transportation benefits.

🇺🇸 Cropin partnered with Walmart to strengthen agricultural food retail supply.

🇦🇺 Australian Plant Proteins was acquired by investment firm My Co, marking a revival of its operations after insolvency.

Funds, Grants, and Accelerators

🇺🇸 The GFI research grant program will provide up to $3.5 million for innovative alternative protein projects.

People Moves

🇺🇸 Stephanie Tinsley Regagnon has been appointed as the Interim Executive Director at The Yield Lab Institute.

Other News

🇺🇾🇧🇷 The Land Group from Uruguay expanded its regenerative agriculture asset management model to Brazil.

🇬🇧 The UK government invested £1.4 million to enhance the Food Standards Agency’s expertise in precision fermentation.

🇨🇳 CellX introduced the world’s first Morel Mycelium Jerky under the new US brand Mourish.

Exciting Developments and Innovations

🇺🇸 Carbon Robotics unveiled the ‘AutoTractor’, a self-driving platform aimed at enhancing productivity in farming.

🇺🇸 Green Era announced Mariano’s achievement of diverting 1 million pounds of food waste into renewable energy and compost.

🇺🇸🇫🇷 Beyond Meat and La Vie collaborated on a new burger and marketing push.