Weekly Roundup: Notable Fundraises and Developments in the Startup Landscape
This week saw significant fundraises from a variety of innovative startups across the globe. Indian B2B trading platform Udaan, Swiss climate-forecasting startup Jua, and Japan-based foodservice provider Wada FoodTech, renowned for its automated bento vending machines, are among the highlights.
In other developments, Israeli company Meala has partnered with DSM-Firmenich to introduce a new texturizing protein tailored for meat alternatives. On a different note, Big Idea Ventures, in collaboration with Mars Petcare, launched a global innovation program aimed at pet food advancements.
Startup Funding Highlights
🇮🇳 Indian B2B firm Udaan raises $114 million in Series G funding Tech In Asia
🇬🇧 Treefera secures $30 million to enhance transparency in the supply chain’s ‘first mile’ using AI AgFunderNews
🇨🇠Jua raises $11 million to develop its Earth simulation platform for energy and climate forecasting Tech.eu
🇯🇵 Wada FoodTech raises $5 million to expand its hot-chain decentralized foodservice platform Access Newswire
🇫🇷 Kumulus Water collects $3.5 million for its atmospheric water generators Tech.eu
🇧🇷🇯🇵 Japan’s JICA invests in Brazilian digital banking platform Agrolend AgFunderNews
🇺🇸 Silicon Ranch makes a strategic investment in Swap Robotics Business Wire
Mergers & Acquisitions, IPOs & Partnerships
🇫🇮🇧🇷 Enifer partners with ethanol giant FS for mycoprotein production in Brazil AgFunderNews
🇺🇸 Grocery platform Misfits Market acquires The Rounds to enhance food waste reduction efforts TechCrunch
🇺🇸 Amyris and Ingredion dissolve their SweetJoint venture PR Newswire
🇺🇸 Big Idea Ventures teams up with Mars Petcare for a global pet food innovation initiative Globe Newswire
🇮🇱🇳🇱 Meala collaborates with DSM-Firmenich for new texturizing protein FoodBev Media
🇧🇪🇺🇸 AmphiStar and Kensing form strategic partnership for upcycled biosurfactants in North America Cosmetics Business
🇳🇱 Harvest House adopts Source.ag’s AI-powered forecasting tool Fruitnet
🇺🇸 Kubota collaborates with Agtonomy to enhance autonomous farming technology PR Newswire
Funding, Grants & Accelerators
🇫🇮 Nordic Foodtech VC announces the first close of its second fund at $45 million AgFunderNews
🇨🇦 FCC Capital reveals a $2 billion investment in ag and food innovation Cision Newswire
🇨🇦 Protein Industries Canada invests $15 million in genomics and AI funding for supply chain resilience Vegconomist
🇺🇸 Planeteer Capital secures $54 million for its maiden fund VC Wire
🇺🇸 CC Facility grants $1.1 million to enhance climate investment opportunities in Africa and AsiaCC Facility
🇬🇧 Nomad Foods launches Future Foods Lab to expedite startup innovation Nomad Foods
People Moves
🇺🇸 Aldi US appoints Atty McGrath as new CEO Grocery Dive
🇺🇸 Robert E. Jones joins the Culinary Institute of America Morning Star
🇺🇸 Pivot Bio names Daryl Allen as Vice President of Sales Pivot Bio
Other News
🇦🇹 Arkeon Bio files for insolvency LinkedIn
🇺🇸 FDA approves Wildtype’s cell-cultivated salmon for sale in the US AgFunderNews
🇺🇸 Perfect Day responds to a court’s deceptive marketing lawsuit regarding animal-free dairy AgFunderNews
🇺🇸 Peter Rahal and David Protein are sued for a ‘bait & switch’ scheme involving Epogee’s fat replacer AgFunderNews
🇺🇸 Mondelēz International expands its sustainable futures portfolio Mondelez International
🇺🇸 Liberation Labs rebrands to Liberation Bioindustries Globe Newswire
🇺🇸 Microsoft purchases 60,000 soil carbon credits from Indigo ESG Today
🇺🇸 FDA launches AI tool to enhance agency performance US Food and Drug Administration
🇫🇷 Bel Group to discontinue plant-based cheese brand Nurishh Just Food
🇺🇸 DoorDash, Grubhub, and Uber Eats settle with NYC over fee regulations Reuters
🇮🇳 Cyberattack at KiranaPro exposes data Tech In Asia
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