![]() □□ Benson Hill acquires soy processor ZFS Creston for $102 million. ( Business Standard) M&A, IPOs & partnerships The platform helps farmers manage the production lifecycle of vegetables from growing to harvesting through to sales. FoodMap connects Vietnamese farmers to buyers so that they can sell their produce more efficiently. Vulpes Ventures and Beenext led the Series A round with participation from existing investor Wavemaker Partners. □□ Agtech e-commerce platform FoodMap nabs $3 million. The company claims to be the largest indoor farming operation in the Nordic countries and aims to become one of the largest in Europe within a year. □□ Ljusgårda raises $19 million to expand its vertical farming operation. The funds will be deployed to expand eFishery’s digital platform and to launch into new geographies including China and India. □□ Startup eFishery nets $90 million in Sequoia, SoftBank-led Series C round. The vertical farming company also announced that it will build two new farms in Atlanta, Georgia and Dallas-Fort Worth, Texas. □□ Bowery secures $150 million credit facility led by private equity giant KKR. Image credit: Plantish Agtech startup funding (Plantish) A closeup of Plantish’s plant-based ‘salmon’ fillet. □□ Plantish emerges from stealth with release of “world’s first plant-based salmon fillet.” The Rehovot-based startup raised $2 million in pre-seed funding from TechAviv Founder Partners, Michelin-starred chef José Andrés, and Nuseir Yassin of the Nas Daily vlog. Launched in 2021, the company uses chickpeas and other “clean” ingredients to recreate meat crumbles, such as chorizo. □□ Alt-protein startup AuraPea closes $1.5 million fundraise. The ‘green packaging’ startup will use the capital to build a tech platform through which companies can source more sustainable packaging. □□ Bambrew bags $2.3 million in pre-Series A funding. It will develop new products and expand to key markets across India, the UAE, and the US. □□ ‘Natural’ instant foods brand iD Fresh Food closes $68 million Series D round. The funds will be used to bring Living Food’s fresh food marketplace to new regions around India, make hires, invest in tech development, and launch new brands. □□ Amasia leads Living Food’s $7.5 million Series A round. The company, founded in 2020 by former employees of Deliveroo and Soho House, will use the new funds to expand to 500 more kitchens and two food halls in 2022. ![]() □□ Food delivery startup Sessions raises $10 million. Millennium Food-Tech and Meitav Dash led the round for the circular economy startup. □□ Tipa raises $70 million for biodegradable plastic packaging. The Los Angeles, California-based water brand’s Series C round will help fuel expansion to new regions and new products that boast names like Berry It Alive and Mango Chainsaw. □□ Liquid Death to expand with $75 million fundraise. The startup is building its first commercial-scale factory which will produce “hundreds” of different plant-based products from ground meat and patties to steaks and hams. ![]() □□ Starfield scores $100 million in China’s biggest alt-protein round to date. The Series C funding will go towards opening new brick-and-mortar stores in the US while also building out the digital shopping component of the brand. □□ Foxtrot raises $100 million to “modernize” the convenience store. The Series B investment will be used to expand manufacturing capacity for the company’s products, which are made via fermentation. □□ Remilk raises $120 million for animal-free milk and dairy products. The mealkit subscription service will use the new funding to build an automated fulfillment center in the UK. □□ Gousto raises $150 million, bumping its valuation to $1.7 billion. The investment - part of a broader $240 million fundraise - will complement Reliance’s own e-grocery platform JioMart. ![]() The conglomerate will acquire a 25.8% stake in the Google-backed on-demand delivery company. □□ Reliance Industries pumps $200 million into ‘quick commerce’ startup Dunzo. The Bengaluru-based startup helps ‘mom and pop’ grocers to buy inventory and secure financing online. □□ B2B e-commerce player Udaan banks $250 million in convertible note and debt funding. The on-demand transportation and food delivery app will use the funds to expand into new geographies and add new business lines, such as 15-minute grocery delivery. □□ Bolt raises $709 million in Sequoia Capital, Fidelity-led round. There were multiple fundings above or near the $100 million mark this week in agrifoodtech, led by Estonian ride-hailing and food delivery app Bolt with its $709 million round.Įlsewhere, alt-dairy startup ReMilk raised $120 million, while several Indian companies also scored big-ticket investments.
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