4 NOTABLE DEALS IN EUROPE, 2 IN THE REST OF THE WORLD:
๐ฉ๐ชย ๐ฝ๏ธย Voilร , a Berlin-based startup, raised โฌ8.8M for its high-end, heat-and-eat, restaurant meals. Users have access to a selection of meals from restaurants and receive each meal item already cooked and sealed separately.
๐ฉ๐ฐย ๐ย Agreena, a Danish startup, raised โฌ20m for its blockchain-based marketplace that enables farmers to sell carbon certificates generated through regenerative farming.
๐ช๐ธย ๐ย Novameat raised $6M for its plant-based whole cut technology. One of the biggest challenges facing the plant-based industry is to replicate the texture of meat and fish products. The current technology (extrusion) has many limitations. Novameat has developed an innovative process using 3D printing. It will use the funding to scale its production.
๐ซ๐ฎย ๐ฌ๏ธย Solar Foods, the Finnish startups that โtransformsโ CO2 into protein, received โฌ10M in investments to build its first factory. The facility will use air-captured CO2 to feed microbes through a fermentation process. These microbesโ output is a new protein called Solein that can be then used in food products.
๐ธ๐ฌย ๐ย TiNDLE, a Singapore-based startup, raised $100M for its plant-based chicken. Already active on 200 restaurants (after 18 months of activity and an initial $30M seed), it will use the money to expand in the US.
For such an early-stage startup (converting 200 restaurants sales into revenue does not add up to something impressive), this dealโs size is a testimonial of the FOMO (fear of missing out) in the alternative protein space. It also shows the heightening competition with well-funded Asian startups competing with their US counterparts.
๐บ๐ธย ๐ฅซย Cann, a US-based startup, raised $27M for its cans of cannabis-infused beverages. Contrary to most of the players, Cann does not limit itself to CBD but also adds THC (the psychoactive substance in cannabis) to its drinks…
