Major Funding and Investment News in the AgriFood Industry
This week saw significant developments in the AgriFood sector, with Rebel Foods from India securing a massive $210 million in Series G funding from Temasek. This funding is aimed at further expanding their cloud kitchen business.
Meanwhile, Brazilian climate tech company Terradot, now based in San Francisco, closed a successful $58 million Series A round to fuel its growth and sustainability initiatives.
Funding Highlights:
- Rebel Foods secures $210M series G funding from Temasek – QSR Media Asia
- Terradot raises $58M series A round – LatamList
- Biostimulant-maker Sound Agriculture bags additional $25M for innovative agricultural solutions
- Yeastup raises €9.47M for sustainable dairy site upcycling – Vegconomist
Other Key Updates:
- Vertical farming pioneer Plenty closes Compton farm, shifts focus to strawberry production
- John Kempf’s Advancing Eco Agriculture receives USDA rural development award
- New Wave Biotech raises €1.2 million to revolutionize synbio and alt protein production – EUStartups
- LAM’ON secures investment for bio-based packaging solutions – Tech.eu
Notable M&A, IPOs, and Partnerships:
- AgroLiquid acquires Monty’s Plant Food to enhance sustainable crop nutrition
- Phytech forms strategic partnerships with Rivulis and Netafim for global digital farming transformation
Funds, Grants, and Accelerator Programs:
- USDA Rural Development awards Advancing Eco Agriculture $3.8 million grant for regenerative farming nutrition products
- Novo Nordisk Foundation grants €134M for Biotechnology Research Institute for the Green Transition (BRIGHT) in Denmark
Industry News and Developments:
In other news, Plenty announced the closure of its Compton farm to focus on strawberry production, while AquaBounty revealed plans to cease fish farming operations.
Additionally, a landmark lawsuit alleges major food corporations used tactics similar to Big Tobacco to addict children to ultra-processed foods, sparking debates on food industry ethics.
