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Best deals and top FoodTech news (week #48)

Published on December 3, 2021

đŸȘÂ  You can prepare your holidays on the red planet with Heinz “Marz edition” ketchup. The company grew tomatoes in Martian soil conditions.

đŸŒÂ Meal replacement startup Huel announces that it is considering an IPO. It made a turnover of ÂŁ71.6M, up from ÂŁ50M last year. This is quite impressive, considering how this space is crowded. Huel has successfully expanded its range of products around the idea of convenient meals.

💰 The best deals of the week:

  • Juicy Marbles, a Slovenian startup, raised $4.5M to develop its plant-based whole meat cuts further. Developing alternative protein products that are not burgers, minced meat, or nuggets is still really complicated. There is a strong competition to find the “right” technology to create the perfect texture for “whole cuts”.
  • Ethnic grocery startup is now a thing, with Germany-based Yababa raising $15.5M to grow its e-commerce delivery operations in Europe, targeting Turkish and Arabic communities. Recently UK-based Oja raised ÂŁ2.5M to expand its reach by targeting more communities.
  • Impossible Foods, known for its bleeding burgers, raised a new huge round of $500M. It has now raised more than $2B. In comparison, Beyond Meat had only raised $122M before its IPO. With these funds, the company will keep expanding in new markets (it has been waiting for approval in Europe since 2019) and expand its product range.

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