Category: Foodtech
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When I last checked in with Somabar at our Food Tech Live event in 2019, the company was making an eponymous automated drink dispenser that served up low-proof cocktails. The idea was that it could be used by bars and restaurants to create alcoholic cocktails without the need to get a full liquor license (think:…
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Berlin, Germany-based vertical farming company InFarm announced today it has raised $170 million in the first close of its Series C round, bringing its total funding so far to $304.5 million. The investment round, a mix of equity and debt financing, was led by LGT Lightstone with participation from Hanaco, Bonnier, Haniel, and Latitude, as…
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Phytolon, which uses fermentation to create plant-based food colorings, announced today that it has raised $4.1 million in funding. Millennium Food-Tech, EIT Food, Consensus Business Group, The Trendlines Group, Yossi Ackerman and the Israel Innovation Authority participated in the round. Founded in 2018 and based in Misgav, Israel, Phytolon wants to change up the food…
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Brightseed, which uses artificial intelligence (AI) to aid food companies in the discovery of new nutritional compounds in plants, announced today that it has raised $27 million in new funding. The round was led by Lewis & Clark AgriFood and brings the total amount raised by Brightseed to $52 million. According to Brightseed, just 1…
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Some final bits of food tech news from ’round the web this week: Wild Type Has a Pre-Order List for Chefs While still a good five years out from commercial production, Wild Type said this week it has opened a pre-order list for chefs wanting to include the company’s cell-based seafood into their dishes. Right…
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NotCo, a Chilean food tech company known for its alternative protein products, announced today it has closed an $85 million Series C round. The round was led by Future Positive, L Catterton Partners, and General Catalyst. Existing investors include Kaszek Ventures, The Craftory, Bezos Expedition, Endeavor Catalyst, Indie Bio, Humbolt Capital and Maya Capital. The…
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TechStars today announced the 2020 class of its Farm-to-Fork program, which selects and supports companies and entrepreneurs working in the food and agricultural industries. The program is in its third year, with 2020 being the first time it goes 100 percent virtual, thanks to the ongoing pandemic. But if there’s anything akin to a silver…
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Solar Foods, an air-protein company based out of Finland, announced this week it has closed out its Series A round with €15 million (~$17.8 million USD) in new financing. The investment was led by Fazar Group with participation from Bridford Investments Limited, Agronomics Limited, Lifeline Ventures, and CPT Capital. It brings the entire Series A…
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Lufa Farms hit a noteworthy milestone recently. The Montreal, Quebec-based agtech company opened its fourth and largest indoor farm, and is “the world’s largest rooftop farm” (h/t Modern Farmer). For this new farm, which is located in the Saint-Laurent borough of Montreal, Lufa Farms says it has has doubled its production capacity for fresh vegetables,…
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Cell-based meat may be some time away from the grocery aisle, but that hasn’t stopped companies all over the world from trying to raise animal protein without the actual animal. Think cell-based beef, pork, and seafood, and, now, kangaroo and alpaca. The latter two on that list come courtesy of a Sydney, Austraila-based company called…
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In the food world, San Diego-based tech startup Galley Solutions is perhaps best known for its software system that uses recipe-level data to automate the restaurant back of house. But founders Benji Koltai and Ian Christopher have much bigger plans for the role they want their company to play in creating a more efficient, accurate,…
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