๐ฎ๐นย ๐ฑ Planet Farms, an Italian startup, raised $40M to expand its vertical farms in Italy and in the UK. The startup reached a valuation of $500M, something quite noticeable in a market where most vertical farming startups are in a dire situation.
๐บ๐ธ ๐ฅ Ripple Foods, a US-based raised $49M for its line of pea-protein milk and other dairy product alternatives. While the overall plant-based ecosystem is not doing great, sales of plant-based dairy are still growing.
๐ฎ๐นย ๐ฝ๏ธย Soplaya, an Italian startup, raised โฌ12.5M for its digital procurement solution for the foodservice industry.
๐ฉ๐ช ๐ฑ Quazy Foods, a German startup, raised โฌ800k to develop ingredients based on microalgae.
๐บ๐ธย ๐ถ๏ธย Truff, a US brand of truffle-based spicy condiments, received funding from the private equity firm founded by Kim Kardashian.
๐จ๐ณย ๐ฒ Jack Ma is launching a new startup, Ma’s Kitchen which will sell packaged agriculture products. He already invested $1.4M in the company.
๐ฌ๐ง ๐ฑ Biomel, a British startup, raised ยฃ5.5M for its plant-based gut health products (from drinks to snack bars).
๐ฎ๐ฉย ๐ฆ JALA, an Indonesian startup, raised US$13.1M for its solutions for the shrimp farming industry. We observe a growing appetite for solutions/tech providers for the aquaculture industry.
๐ฐ๐ชย ๐ฐ๏ธ Amini, a Kenyan startup, raised $4M to provide environmental information to food companies and agricultural insurers in Africa. For now it uses publicly available data, but it wants to launch its own constellation of satellites.
