Startup news and deals
๐ฌ๐งย ๐ Artah Nutrition, a UK-based startup, raised ยฃ3M for its health supplements targeting wellness and holistic health.
๐ช๐ธย ๐ฆ Tebrio, a Spain-based insect protein producer, raised โฌ30M to increase production capacity, notably for animal feed and pet food applications.
๐บ๐ธ๐ป Best Day Brewing, a US-based startup, raised $22.5M to expand its offerings in the non-alcoholic beer market.
๐ฎ๐ณ๐ฑ Healthify, an Indian startup, raised $20M for its AI-based personal health and wellness coach that provides advice, including nutrition. While still in its infancy, it is one of the AI applications that we watch the most closely. It could (finally) make the promise of personalised nutrition move forward with bespoke advice and conversations that engage consumers toward healthier lifestyles.
๐ธ๐ฆ๐ฑ Nabt, a Saudi Arabia-based startup, raised $1.5M for its B2B marketplace, connecting farmers directly with businesses.
๐บ๐ธ๐ค Picnic Works, a US-based startup, raised $5M to advance its pizza-making robots for commercial kitchens (this is much less than what it raised previously, showing the difficulty of food robot startups in raising significant amounts).
๐ณ๐ฟ๐ Alimetry, a New Zealand-based startup, raised NZ$27M for its gut health wearables used for diagnoses of gut-related conditions with symptoms such as chronic indigestion or abdominal pain. The non-invasive device can detect electrical currents as the patient eats, digests, and logs symptoms. Then, using AI, it can deliver a report to physicians.
๐ต๐ฑย ๐ฑ Foodsi, a Poland-based food waste reduction startup, extended its seed round by โฌ1.2M to grow its platform that connects consumers with surplus food from restaurants.
๐ฎ๐ณ๐ฆ Udaan, an Indian startup, raised $36M for its B2B platform that connects manufacturers, wholesalers, and retailers.
๐ฉ๐ฐ๐ฅ Kanpla, a Danish startup, raised โฌ8M for its digital tools for managing food service operations, including ordering and supply management.
๐บ๐ธ๐ฉ Drumroll, a US-based โbetter-for-youโ donut brand, raised $3M to expand its healthier donut offerings and increase market presence. The number of โhealthy donutโ brands being created is quite surprising
๐ธ๐ช๐ Yazen, a Swedish startup, raised โฌ19.5M to develop digital solutions providing digital health support for users of Ozempic, targeting weight management and diabetes patients.
๐บ๐ธ๐ Marqii, a US-based digital platform for restaurant marketing, raised $10M to expand its tools for managing menus, listings and reviews.
๐ต๐น๐ Sensei, a Portugal-based startup focused on autonomous retail technology, raised โฌ15M to expand its cashier-less retail solutions. Thatโs quite noticeable in an ecosystem which is otherwise doing poorly with multiple Amazon Go store being shut down. Sensei ambitions to scale its solution to 1000 stores by 2026.
๐ฎ๐ณ๐ Swiggy, an India-based food delivery giant, raised $606M as it prepares for its IPO.
๐บ๐ธ๐ MealMe, a US-based startup, raised $8M for its solution that integrates food ordering and delivery services within other applications (such as recipe websites), creating a seamless food ordering experience.
๐ฉ๐ชย ๐ Oceanloop, a Germany-base startup, raised โฌ35M to expand its indoor shrimp farming production.
๐ฎ๐ช๐ฟ Ulysses Ecosystem Engineering, an Irish company, raised โฌ2M for its drones that are used to automated ocean habitat restoration, notably replanting seagrass.
๐บ๐ธ๐ฑ Bowery Farming, a US-based indoor farming company which was once valued at $2B while having raised about $700M, announced it is ceasing operations due to financial difficulties. Thatโs yet another blow to the indoor/vertical farming ecosystem.
