This week, Uber made moves to expand its food delivery network via an investment in delivery drone platform Flytrex, while numerous alt-protein companies announced funding rounds.
The European Union also made headlines with a proposal to delay its anti-deforestation law once again, while tech giant Oracle threw its hat in the agtech ring by announcing a new AI tool.
Funding news
🇫🇷 French startup NxtFood (ACCRO) raises $58m to scale alt-meat platform, aims for profitability in 12-18 months AgFunderNews
🇺🇸 Uber invests in Flytrex to scale drone delivery Restaurant Dive
🇳🇱 The Protein Brewery raises $35.6m Series B to scale mycoprotein: ‘Our process is less capital intensive’ AgFunderNews
🇳🇱 Revyve raises $28m Series B for egg replacers from yeast: ‘We are price competitive with eggs’ AgFunderNews
🇺🇸 Unilever, Tiësto back Alice Mushrooms in $8M raise for functional vegan chocolates Green Queen
🇺🇸 ArkeaBio raises $7m, hires Vence cofounder to accelerate vaccine for livestock methane reduction AgFunderNews
🇩🇰 EIFO and Novo Holdings lead €6.1m seed round for Greenland’s Rock Flour Company Net Zero Investor
🇬🇧 Scindo raises $5.4m seed round for AI-powered enzyme discovery platform AgFunderNews
🇺🇸 Helios AI raises $4.7M, launches AI co-pilot for food supply chains The Packer
🇮🇳 Equilibrium to scale CDR projects In India backed by $3 million seed funding Carbon Herald
🇹🇷 Turkish brand Itz Nutz secures $535K for cashew-based dairy alternatives Vegconomist
🇧🇷 Brazilian Mycoprotein producer Typcal to receive a €350K investment through Biotope incubator Vegconomist
M&A, IPOs & partnerships
🇦🇺 DIT AgTech and Sea Forest announce strategic collaboration agreement Digital AgTech
🇺🇸 Sun World International forms joint venture with Pairwise to develop pitless cherry iGrow News
🇫🇮 Solar Foods joins forces with European universities in a European Innovation Council Sunlight-to-Food project Solar Foods
🇺🇸 January AI announces sale of Eden’s Gut Health assets to ZBiotics Insider
🇳🇿 Clean Food Group acquires 1M-liter fermentation facility to fast-track yeast oil production AgFunderNews
🇳🇿 Fonterra and BioLumic partner to bring light-activated seed traits to New Zealand dairy systems Biolumic
🇺🇸 🇰🇷 Michroma and CJ CheilJedang partner to scale commercial production of natural colors via fermentation AgFunderNews
Funds, grants & accelerators
🇺🇸 Innovate Animal Ag announces new Technology Grants program AVI News
🇺🇸 All-natural fungicides for global produce growers moving ahead after Akorn Technology wins NSF grant to replace synthetic products Produce Grower
People moves
🇨🇠Nestlé appoints Alfonso Gonzalez Loeschen as CEO of Nespresso Yahoo Finance
Other news
🇪🇺 EU plans to delay anti-deforestation rules, again Politico
🇺🇸 Drone startup Guardian Agriculture shuts down The Robot Report
🇺🇸 Onego Bio receives FDA ‘no questions’ letter confirming GRAS status of Bioalbumen Protein Production Technology
🇪🇸 Eatable Adventures launches FoodRise, the hub that will transform the food system in the Southern Cone Capital Riesgo
🇺🇸 Layoffs hit Olo after acquisition by private-equity firm Restaurant Business Online
🇦🇺 Fats from fermentation startup Nourish Ingredients establishes global commercial hub in Leiden AgFunderNews
🇺🇸 Oracle launches AI tool for government agricultural monitoring Street Insider
The post The Week in AgriFoodTech: Uber invests in drone delivery, EU to delay deforestation rule, Oracle AI ag tool appeared first on AgFunderNews.
