๐ซ๐ฎ๐ก Solar Foods, a Finnish startup, raised โฌ8.8M. Solar Foods is known for its biomass fermentation technology that โtransformsโ captured CO2 into a carbon-negative source of protein. With this funding, the startup will move forward on its demonstration facility.
๐ธ๐ช๐ฝ๏ธ Matsmart (also known as Motatos), a Swedish startup, raised โฌ40M for its food grocery e-commerce that sells overstock dry food products. Raising that much money for online grocery delivery in the current context is quite impressive. The startup is said to be on an annual run rate of about โฌ100M.
๐ซ๐ท๐ฅ Circul’Egg, a French startup, raised โฌ5M to upcycle egg membranes and shells. We observe a growing trend around upcycling, which is becoming more and more B2B (like the rest of the food science ecosystem). We observe that currently, many B2C startups with CPG products mostly made of upcycled ingredients are failing, as their products donโt appeal to consumers (they are often more expensive and are not always delicious).
๐ซ๐ท๐ก RED Horticulture, a French startup, raised โฌ17M for its LED solutions for indoor farming. This confirms the indoor farming ecosystem shift from startups being farm operators to tech providers.
๐ซ๐ทย ๐ฝ๏ธ Malou, a French startup, raised โฌ10M for its digital solutions, enabling restaurateurs to manage their online presence and image. The story behind this startup is quite noticeable: it โpivotedโ from being an agency to becoming a SaaS provider. Maybe we should do the same with DigitalFoodLab. ๐
๐บ๐ธ ๐ย Ryp Labs, an American startup, raised $8.1M to fight food waste with stickers that it put on produce and which extend the shelf life of fruits and vegetables.
๐ณ๐ฌย ๐งบ Pricepally, a Nigerian startup, raised $1.3M to grow its online grocery delivery operations.
๐ซ๐ทย ๐ฝ๏ธ Foodjer, a French startup, raised โฌ1.1M for its virtual restaurant brands.
