The Latest in AgriFoodTech
This week in the world of AgriFoodTech, several major developments have taken place. From funding rounds to partnerships and new ventures, the industry is buzzing with activity. Let’s take a closer look at some of the key highlights:
Startup Funding
🇳🇱 Vivici raises $34m: Dutch startup Vivici has secured $34 million in funding to expand its animal-free dairy operation and make a move into the lactoferrin market.
🇺🇸 Actual Veggies raises $7m: US-based Actual Veggies has closed a $7 million Series A funding round and is projecting revenues of over $20 million in 2025.
🇬🇧🏴 uFraction8 closes $4.3m seed round: Scottish startup uFraction8 has raised $4.3 million in seed funding to expand its microfluidics-based technology for bioprocessing.
M&A, IPOs & Partnerships
🇳🇱 Prosus to acquire Just Eat Takeaway.com: Prosus has announced a $4.3 billion plan to acquire Just Eat Takeaway.com, a major move in the food delivery space.
🇯🇵 Yamaha enters agtech space: Yamaha has revealed plans to venture into the agtech industry with the launch of a new company focusing on autonomous equipment and AI-powered digital solutions.
🇸🇪 Arbonics partners with Treebula: Carbon credits platform Arbonics has teamed up with Treebula to launch their services in Sweden, aiming to make a positive impact on the environment.
People Moves
🇺🇸 Babylon Micro-Farms appoints new CEO: Marc Oshima has been appointed as the new CEO of Babylon Micro-Farms, with a vision to scale the business globally.
🇬🇧 Unilever CEO steps down: Unilever CEO Hein Schumacher is set to step down after 18 months at the helm of the consumer goods giant.
🇺🇸 Impossible Foods appoints Chief Demand Officer: Impossible Foods has added a Chief Demand Officer to its leadership team to drive growth and expansion.
Other News
🇫🇷 Ÿnsect faces financial challenges: French insect ag pioneer Ÿnsect is in jeopardy as it seeks to enter a judicial recovery procedure following the failure of its recovery plan.
🇺🇸 Beyond Meat announces layoffs: Beyond Meat has announced layoffs and the suspension of its operations in China as part of restructuring efforts.
🇮🇱 Aleph Farms struggles despite funding: Despite raising $140 million, Aleph Farms is facing challenges and is struggling to survive in the competitive agri-food industry.
This week has brought a mix of exciting developments and challenges in the AgriFoodTech sector. Stay tuned for more updates and insights on the latest trends shaping the industry.
