Agriculture

Equip receives $ 58 million to help with eating disorders: Week at Agrifoodtech

This week, the American startup Equip raised funds for its platform to combat eating disorders, and the Danish company Agreena received $ 22.5 million to help farmers participate in carbon markets.

In Asia, Next Gen Foods, the company behind the alt-protein brand Tindle, has scored record numbers for plant-based foods; while South Korean Seawith received funding for its new approach to meat-growing forests.

[Disclosure: AFN’s parent company AgFunder is an investor in Hyphen, which is mentioned below.]


Funding for Foodtech startups

🇸🇬 Beatles backing Tindle as Next generation products collects a record $ 100 million. This is the largest round of Serie A to date in the vegetable protein segment. MPL Ventures Paul McCartney has joined Indonesia Alpha JWC and in Singapore EDBI as new investors in the alt-chicken brand. (AFN)

🇺🇸 Equipstartup in the field of telehealth to combat eating disorders of youth, raises $ 58 million. The platform connects families with health professionals, helping parents manage menu planning, portion control and meal schedules. Chernin’s group led the circle. (Fast company)

🇺🇸 ‘Functional soda company Alipop gets $ 30 million for a round of Series B. Olipop’s total funding to date is $ 55.9 million; his estimate is now $ 200 million, according to the company. (Power Navigator)

🇺🇸 AgFunder– supported Dash is gaining $ 24 million in the Serie A-led round Tiger Global. Hyphen will expand its robotic lines to more commercial kitchens in the United States. (AFN)

🇦🇺 Kepler Analytics has $ 22 million in Series B capital. The retail technology company will use the new funds to hire, launch new products and expand in North America, Europe and Asia. (Running daily)

🇺🇸 Cheese company without animals Change food collects $ 12 million. Funding, which heads Route 66 Ventures, is a continuation of the company’s initial round and brings the total round to $ 15.3 million. (Food Dive)

🇺🇸 Plant-based food brand KOS provides $ 12 million in funding. KOS will use the A Series to add retail partners, develop new products and introduce new service categories. (Vegconomist)

🇺🇸 Ago II collects $ 12 million. The company is developing computer vision solutions for the catering industry and has pilot programs at some of the world’s largest fast food restaurants – including some run by its former investor Yum! Stamps. (Ago II)

🇮🇱 Vanilla Life raises $ 11.5 million to fix the value chain. This is achieved by optimizing the vanilla crop and using the data to improve the curing process. Swiss investment firm Ordway Election led by Round Series A. (TechCrunch)

🇺🇸 NourishedRx is taking $ 6 million to develop its “smart food platform for health”. A startup from Stamford, Connecticut, aims to provide health plan members with “personalized, culture-appropriate” nutritional solutions. S2G Ventures led the round. (NourishedRx)

🇰🇷 Startup for meat production Marine with completes the $ 5.4 million Serie A round. He cultivates beef from cages using algae as a scaffold, which he claims will reduce the cost of his produce to $ 3 per kilogram. (Vegconomist)

🇺🇸 Elo banks $ 5 million. Seed funding will help the company scale its smart food platform and develop additional products. (Elo)

🇧🇷 Brand of oat milk Naked collects $ 4.8 million. The company plans to use the funding to expand to other Latin American markets. (Context)

🇦🇪 The $ 2.2 million round bridge is closed YallaMarket. The fast startup will open “dark shops” in the UAE and other Gulf countries. (Wamda)

🇨🇦 Cuba gets $ 1 million. The company offers Internet-connected cabinets for storing products for offices, as well as a food delivery service called Cubbi Kitchens. (Betakit)

🇦🇺 Woolworths invests undisclosed amount in alt-protein startup All G products. This is the second retail investment in the production of the protein company. (Australian Financial Review)

🇺🇸 Alto Chocolate Girl California Cultural gets undisclosed amount from The cult of food science. It uses cell culture technology to produce cocoa powder and cocoa butter. (Food in Canada)

🇸🇬 ‘Fingerprint platform for food ProfilePrint closes the round of Serie A. The undisclosed amount of capital will go to expand the startup team on food quality testing, research and development, and international expansion. (е27)

Funding for Agtech startups

🇩🇰 Agrena raises $ 22.5 million for its Series A round. Its platform helps farmers store, control and monetize carbon, giving them a reported increase in profitability per hectare of land by 20%. (Sifted)

🇪🇸 Noray Seafood a $ 18 million network for sustainable shrimp production. The company will use the funds to further develop its indoor shrimp technology, which uses microbial technology. (Fish site)

Co-founders Agrim Avi Jain (left) and Mukul Garg (right). Image: Agrim

🇮🇳 Agrim’s B2B farm platform is raising $ 10 million. Kalaari Capital led the A-Series round with existing investors Omnivore, India Quotient, Accion Venture Labs and Axis Bank. (Agrim)

🇮🇩 Semai receives $ 1.3 million in new funding. The Indonesian company provides soil testing technology, raw materials and financial assistance to small and medium farms. (Technology in Asia)

🇮🇱 Venture capital BASF and Orbia Ventures invest the undisclosed amount in FortePhest. Israeli startup develops new technology to control herbicide-resistant weeds and invasive plants. (Financial mail)

M&A, IPO and partnership

🇺🇸 Bavaria acquires a startup for harvesting Tropical. The latter uses computer vision, robotic arms and AI to harvest fruit and vine crops such as strawberries and tomatoes. (Produce a blue book)

🇯🇵🇺🇸 Marubeni Corp sell its grain business Gavilon for $ 1.1 billion. The giant of the commodity trade Glencore will acquire the unit. (Reuters)

🇺🇸 Sia Music unites with Bond Pet Foods. She joins Boulder, Colorado, a company that produces plant-based pet food, as an investor and consultant. (Bond Pet Foods)

🇺🇸🇬🇧 Pairwise and Tropic Biosciences announce a licensing deal. The latter will gain access to the basic Pairwise gene editing technology, which will be used to promote innovation in plant breeding in the cultivation of coffee and bananas. (Paparna)

🇩🇪 BRAIN Biotech and Shape cooperate in the field of protein without milk. Formo develops milk proteins from specialized microorganisms and genome editing technologies, and will use BRAIN’s biotechnology expertise for proteins. (Dairy reporter)

🇺🇸 Farm management platforms Preserve and AgriWebb form partnerships. The two companies are looking to bring more solutions for farmers who need both crop and livestock production. (Preserve)

🇺🇸 White Castle expands it existing partnership with Miso Robotics. The two companies have announced plans to deploy the Miso Flippy 2 robot in the White Castle’s 100 standalone locations, where it will operate a kitchen station for frying. (Restaurant business)

Other news

🌐 Asian firms top the list of protein producers at risk of incubating the next pandemic. Two-thirds of the world’s largest suppliers of meat, fish and dairy products are at “high risk” of escalating global zoonotic pandemic, according to a new report from a network of investors FAIRR. (AFN)

🇺🇸 Kellogg launches $ 2 million program for farmers to reduce emissions. Kellogg’s InGrained is a five-year program that will work with farmers in the Lower Mississippi region to help them reduce their impact on the climate. (Kellogg)

🇧🇷 The Brazilian government is offering $ 707 million in agricultural subsidies. The money will be allocated as a loan to farmers affected by climate change in some parts of the country. (Reuters)

🇨🇭Nestlé publishes bullish annual results as prices rise and demand increases. The The agri-food giant reported the strongest growth in ten years, largely through sales of coffee and pet food. (Financial Times)

🇮🇱 Future meat appoints a new CEO. Veteran of the food and agricultural industry Nicole Johnson-Hoffman joins a meat growing company from European food producer OSI. (Food Engineering)

🇩🇪 AldiVegan sales are growing by 500% year over year. The grocery chain plans to continue to expand the selection of vegan and plant-based products in its stores. (Vegan Review)

https://agfundernews.com/equip-gets-58m-to-help-with-eating-disorders-bowery-acquires-traptic-the-week-in-agrifoodtech Equip receives $ 58 million to help with eating disorders: Week at Agrifoodtech

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