Foodtech VCLink

Brevel has expanded its Seed round to $25 million, securing an additional $5 million to advance its microalgae-based protein production for food and beverage applications. Existing investors, including NevaTeam Partners, Siddhi Capital, the European Union’s EIC IMPACT TRUST - EIC IMPACT FUND (Eastern Investment Centers), Good Protein Fund, theFoodTechLab (TFTL), and PVS Investments, exercised their warrants in support of Brevel’s mission. Co-founder and CEO Yonatan Golan emphasized the company’s commitment to developing nutritious, affordable, and sustainable protein solutions.? James Spiro | CTech by Calcalist https://lnkd.in/eAWXN8sH #FoodTech

Savor, backed by Bill Gates' , has officially launched its dairy-and-plant-free butter alternative, made from carbon. The startup aims to replace animal fats and palm oil while working with major CPG companies on ingredient innovation. CEO Kathleen C. Alexander highlighted the company's potential to improve food sustainability, emphasizing scalability and cost parity. Sarah Zimmerman | FoodDive https://lnkd.in/eDizkVwU #FoodTech

The foodtech sector continues to evolve despite a challenging market, with a 9.6% increase in deal values in 2024. Restaurant & retail tech was a standout segment, with Wonder Group and Rebel Foods leading investments in ghost kitchens. Meanwhile, Swiggy and Ibotta’s major IPOs signal growing opportunities for foodtech startups. PitchBook https://lnkd.in/ekw23br8 #FoodTech

UK agritech startup Elaniti has secured funding to accelerate its AI-powered soil microbiome intelligence platform. Investors in the round include Biotope by VIB, Planetary Impact Ventures, and Paulig Group’s CVC arm, PINC. Scott Jarrett, CEO of Elaniti, emphasized the potential of soil microbiomes in restoring fertility and reducing reliance on synthetic inputs. Global Ag Tech Initiative https://lnkd.in/eeiSNcRg #FoodTech

GrubMarket Inc. has raised a $50M Series G round at a valuation exceeding $3.5B, with backing from investors including 3SPOKE, Joseph Stone Capital, LLC , Liberty Street Funds, Pegasus Tech Ventures, Pinegrove Venture Partners, Portfolia, and ROC Venture Group. The food distribution company plans to use the funding to advance its AI-driven technology, aiming to enhance its customers' operations while continuing its global expansion. CEO Mike Xu also highlighted the company's strategy for acquisitions as it scales in the trillion-dollar food industry. Ingrid Lunden | TechCrunch https://lnkd.in/grGVyirJ #FoodTech

Re:meat has successfully raised approximately €1 million to establish Sweden's first cultivated meat facility in Lund. The funding round, which exceeded initial targets, drew support from investors like 8+ Ventures and Skane Ventures, alongside multiple angel investors. CEO Jacob Schaldemose Peterson emphasized the importance of resilient food systems, while Co-founder and CCO Gittan Schiold highlighted how investor excitement played a crucial role in the process. N24.com.tr https://lnkd.in/eHjkXAKD #FoodTech

GigaCrop, a plant biology startup, has raised a $4.5 million pre-seed round led by Playground Global to advance photosynthesis and boost crop productivity. Founder and CEO Chris Eiben, Ph.D. is leveraging machine learning and enzyme engineering to overcome limitations posed by the enzyme Rubisco, potentially doubling crop yields. Bruce Leak, general partner at Playground Global, emphasized the transformative potential of this breakthrough in agriculture and economic growth. https://lnkd.in/ezszPEuE #FoodTech

Agros, a Singapore-based agri-tech firm, has secured $4.25 million in a Series A funding round to expand its innovative farming solutions across Southeast Asia. The round saw participation from longtime backers Gaia Impact, Schneider Electric Energy Access Asia, Wavemaker Impact, and new investor Global Innovation Fund, alongside Silverstrand Capital and angel investor Steve Melhuish. CEO Max Nelen highlighted the milestone as a step toward empowering smallholder farmers with sustainable, tech-driven solutions. Startuprise https://lnkd.in/ezA9fnXQ #FoodTech

Agri-tech startup Map My Crop has secured 15.7 Crore in seed funding, led by YourNest Venture Capital with participation from Eaglewings Ventures. The funding will be used to expand operations, strengthen sales and operations teams, enhance technology, and develop new solutions like an AI-based farm credit score tool and a forest monitoring system. Founders Swapnil (Neil) Jadhav and Rajesh Shirole plan to scale globally, focusing on emerging markets such as Africa, Latin America, and Southeast Asia. Sudeshna Das | KaroStartup https://lnkd.in/ddJJUEwE #FoodTech

South African agri-tech startup Khula has secured $6.8 million in Series A funding to expand its platform, which supports farmers through a fresh produce marketplace, an input marketplace, and a funder dashboard. Investors in the round include Absa Bank, PepsiCo’s Kgodiso Fund, AECI, and E Squared. Tom Jackson | Disrupt Africa https://lnkd.in/esVKv6Qs. #FoodTech