9 FoodTech news to know this week (2024 โ€“ week #47)

๐Ÿ‡ซ๐Ÿ‡ท๐ŸŒพ Elicit Plant, a French startup, raised โ‚ฌ45M to expand globally its biosolutions which address water stress-reduction technology for crops.

๐Ÿ‡บ๐Ÿ‡ธ๐Ÿงฌ Shiru, a US-based startup, raised $16M to expand its AI-powered ingredient discovery platform.

๐Ÿ‡ซ๐Ÿ‡ท๐ŸŒ NetZero, a French startup, raised โ‚ฌ7M to expand its biochar solutions in Africa. Biochar, produced with organic biomass (such as crop residues) can be used for soil amendment instead of chemical fertilisers. It is also a great carbon sequestration solution.

๐Ÿ‡ซ๐Ÿ‡ท๐ŸŒž UV Boosting, a French startup, raised โ‚ฌ6.9M from Kubota, a Japanese agricultural machinery leader, to scale its solution to naturally stimulate plantsโ€™ immune systems.

๐Ÿ‡บ๐Ÿ‡ธ๐ŸŒฑ Happy Plant Protein, a US-based startup, raised โ‚ฌ1.8M for its solution dedicated to plant-based products manufacturers. Its technology can enable them to use existing extrusion machines to produce their own plant proteins, hence reducing their dependency on imports.

๐Ÿ‡ฉ๐Ÿ‡ช๐ŸŒฑ Klim, a German startup, raised โ‚ฌ22M for its carbon credits platform that supports farmers with tools and incentives to adopt regenerative agricultural practices.

๐Ÿ‡ซ๐Ÿ‡ท๐Ÿ›’ PimpUp, a French startup, raised โ‚ฌ1.8M for its online platform selling โ€œuglyโ€ produce (surplus or imperfect items) at a discount.

๐Ÿ‡ซ๐Ÿ‡ท๐Ÿ› Innovafeed, a French insect protein startup, secured an $11.8M USDA grant to advance insect-based fertiliser production in the US. The use of insect as a fertiliser could be the product that โ€œsavesโ€ the whole insect production category.

๐Ÿ‡ง๐Ÿ‡ชย ๐Ÿงช ZymoFix, a Belgian startup, raised โ‚ฌ2M for its solution that converts biomass into microbial products for sustainable agriculture.

13 FoodTech news to know this week (2024 โ€“ week #48)
๐Ÿ‡ซ๐Ÿ‡ท France FoodTech 30

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