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Home GREEN

The Week in AgriFoodTech: Fly farmer catches $58m, new deals for restaurant tech, TR4-resistant bananas

AgFunderNewsby AgFunderNews
October 24, 2024
Reading Time: 4 mins read
in GREEN, SCANDINAVIA&BALTICS, VENTURE CAPITAL
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Restaurant tech was in the spotlight this week as food delivery app HungryPanda and software startup Dinii both announced new funding rounds. In Canada, Entosystem raised new capital for its black soldier fly larvae farming operation.

In non-funding news, Chiquita project Yelloway unveiled its first TR4-resistant banana, more legal battles for plant-based meat labeling, and BeeHero caught up with AgFunderNews at the World Agri-Tech summit to talk about its latest moves.

 

Image credit: HungryPanda

Foodtech funding

šŸ‡¬šŸ‡§ HungryPanda, a food-ordering app for the Asian diaspora, picks up $55M at a valuation of around $500M TechCrunch

šŸ‡ÆšŸ‡µ Hillhouse co-leads $52 million round in Japanese restaurant software startup Dinii Forbes

šŸ‡©šŸ‡Ŗ The Raging Pig Co attracts investment to expand vegan pork products & launch mycelium meat Green Queen

šŸ‡øšŸ‡Ŗ PAN Sweden & LantmƤnnen receive €3.54M to make Sweden a leader in sustainable plant-based proteins Vegconomist

šŸ‡®šŸ‡¹ Italian foodtech Foreverland raises €3.4 million to redefine the future of chocolate EU Startups

šŸ‡¬šŸ‡§ Fermtech raises over Ā£325,000 in crowdfunding for zero-carbon protein trialed by major food companies Vegconomist

Fly farmer Entosystem’s facility in North America. Image credit: Entosystem

Agtech funding

šŸ‡ØšŸ‡¦ Canadian fly farmer lands $58 million investment The Fish Site

šŸ‡«šŸ‡· Fresh off a funding round, Micropep discusses the promise of peptides for crop protection products AgFunderNews

šŸ‡ŗšŸ‡ø Agrospheres lands additional Series B funding to ā€˜take a giant leap forward’ in bringing biopesticides to market AgFunderNews

šŸ‡ŖšŸ‡Ŗ ƄIO raises €6.1M to develop sustainable oils from wood and agricultural residue Tech.eu

šŸ‡¦šŸ‡ŗ NSW biomanufacturing startup Cauldron Ferm scores Queensland funding for sugar belt plant Startup Daily

šŸ‡²šŸ‡¾ Malaysian agritech startup Qarbotech raises $1.5m Tech in Asia

Image credit Kinoko-Tech

Ā M&A, IPOs & partnerships

šŸ‡®šŸ‡± Kinoko-Tech teams up with Hela to expand minimally processed, fungi-powered foods across APAC AgFunderNews

šŸ‡°šŸ‡· Partnership advances cultivated seafood production in South Korea Pet Food Industry

šŸ‡ŗšŸ‡ø King Ranch Ag & Turf collaborates with Sabanto to offer tractor autonomy to farmers Agritech Tomorrow

Funds, grants & accelerators

šŸ‡ŗšŸ‡ø DCVC Bio reels in $400M third fund Endpoints

šŸ‡ØšŸ‡¦ šŸ‡ÆšŸ‡µ Pangaea Ventures on the hunt for Asian deeptech with new $85m fundĀ  Global Venturing

šŸ‡¬šŸ‡§ New $75 million financing unveiled for high-potential but neglected value streams AgTechNavigator

šŸ‡ŖšŸ‡ø Pascual Innoventures invests over $2 million in future food research through Mylkcubator Program Protein Report

People moves

šŸ‡¬šŸ‡§ Ivy Farm technologies appoints Harsh Amin as interim CEO The Cell Base

šŸ‡ŗšŸ‡ø Restauranteur Wilder joins food-tech investor FTW Ventures Venture Capital Journal

šŸ‡³šŸ‡± Meatable adds new science and tech chief Alt-Meat

BeeHero was founded in 2017 by (L_R) Itai Kanot, Omer Davidi, and Yuval Regev. Image credit: BeeHero
BeeHero was founded in 2017 by (L_R) Itai Kanot, Omer Davidi, and Yuval Regev. Image credit: BeeHero

Other news

šŸ‡¬šŸ‡§ UK government set to advance precision breeding legislation for gene-edited crops FeedNavigator

šŸ‡ØšŸ‡­ New AI integration in Syngenta’s Cropwise aims for 5% yield boost for farmers GreenbotĀ 

šŸ‡ŗšŸ‡ø Chiquita project Yelloway unveils first TR4-resistant banana Fruitnet

šŸ‡¦šŸ‡¹ Revo Foods unveils ‘world’s first’ to scale 3D printed protein factory Food ManufactureĀ 

šŸ‡¬šŸ‡§ UK Mayors pledge to stop junk food advertising Obesity Health

šŸ‡«šŸ‡· Insect farmer Åønsect in ā€˜advanced discussions’ with investors after filing safeguard plan with French court AgFunderNews

šŸ‡ŗšŸ‡ø Texas district court greenlights plant-based labeling lawsuit FoodNavigator-USA

šŸ‡ŗšŸ‡ø Precision pollination specialist BeeHero enters Latam market, predicts revenues of $70m+ in 2024Ā AgFunderNews

Read the orginal article: https://agfundernews.com/fly-farmer-catches-58m-new-deals-for-restaurant-tech-tr4-resistant-bananas

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