Startup news and deals
🇬🇧 💊 Artah Nutrition, a UK-based startup, raised £3M for its health supplements targeting wellness and holistic health.
🇪🇸 🦗 Tebrio, a Spain-based insect protein producer, raised €30M to increase production capacity, notably for animal feed and pet food applications.
🇺🇸🍻 Best Day Brewing, a US-based startup, raised $22.5M to expand its offerings in the non-alcoholic beer market.
🇮🇳📱 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.
🇸🇦🌱 Nabt, a Saudi Arabia-based startup, raised $1.5M for its B2B marketplace, connecting farmers directly with businesses.
🇺🇸🤖 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).
🇳🇿💉 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.
🇵🇱 🍱 Foodsi, a Poland-based food waste reduction startup, extended its seed round by €1.2M to grow its platform that connects consumers with surplus food from restaurants.
🇮🇳📦 Udaan, an Indian startup, raised $36M for its B2B platform that connects manufacturers, wholesalers, and retailers.
🇩🇰🥕 Kanpla, a Danish startup, raised €8M for its digital tools for managing food service operations, including ordering and supply management.
🇺🇸🍩 Drumroll, a US-based “better-for-you” donut brand, raised $3M to expand its healthier donut offerings and increase market presence. The number of “healthy donut” brands being created is quite surprising
🇸🇪💉 Yazen, a Swedish startup, raised €19.5M to develop digital solutions providing digital health support for users of Ozempic, targeting weight management and diabetes patients.
🇺🇸📍 Marqii, a US-based digital platform for restaurant marketing, raised $10M to expand its tools for managing menus, listings and reviews.
🇵🇹🛒 Sensei, a Portugal-based startup focused on autonomous retail technology, raised €15M to expand its cashier-less retail solutions. That’s 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.
🇮🇳🚀 Swiggy, an India-based food delivery giant, raised $606M as it prepares for its IPO.
🇺🇸🍔 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.
🇩🇪 🌊 Oceanloop, a Germany-base startup, raised €35M to expand its indoor shrimp farming production.
🇮🇪🌿 Ulysses Ecosystem Engineering, an Irish company, raised €2M for its drones that are used to automated ocean habitat restoration, notably replanting seagrass.
🇺🇸🌱 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. That’s yet another blow to the indoor/vertical farming ecosystem.
