🌾 New in Funding: $12m for Ag Biologicals

🇪🇸 Spanish VC Seaya closed its latest climate tech fund, ‘Andromeda’, with €300 million, bringing its assets under management to €650 million and making it the largest venture firm in the country. It will use the funds to support startups working across energy transition, decarbonisation, the sustainable food value chain, and the circular economy.

🛒 Czech grocery delivery company Rohlik secured $170 million, having served 800,000 customers in 2023. It plans to launch in ten more European cities in the next six years and will launch its tech platform licensing initiative later this year.

🇲🇼 The International Fund for Agricultural Development and Government of Malawi launched a $53 million agricultural development programme to help combat food insecurity in the country.

🇧🇷 Genica, based in Brazil, raised $12 million in a funding round led by Mitsubishi’s Agrex Group, and claims it’s the largest amount raised so far for ag biologicals in the country this year. It has developed a number of different bio-based products to support soil health in soybean, corn and sugarcane agriculture.

🌾 Estonian agritech startup eAgronom secured €10 million Series A2 funding to encourage farmers into more sustainable farming practices by incentivising them with its carbon credit program.

📦 German startup Vytal raised €6.2 million, in a funding round led by Emerald Technology, for its digital reusable packaging system, which it operates across restaurants and canteens in 17 countries.

📲 Cluby, based in Finland, raised €2.9 million seed funding for its digital platform, which enables every restaurant to connect with their customers digitally to help encourage repeat business.

🌾 Netherlands-based Aurea Imaging raised €2.8 million in Series A funding, specialising in sensor systems for orchard farming.

🥘 Australian startup ReciMe secured $1.5 million in a seed funding round led by Even Capital. Its cooking app is designed to help home cooks organise, share and shop their recipes, and it will use the funds to further expand its presence in the US.

💨 Scientists at the University of Galway received a grant of €1.4 million from the Irish government to support research into novel technologies for methane mitigation in beef and dairy farming.

🏭 Spanish plant-based food tech Vanetta Food raised €400,000 to open the first plant-based factory in Galicia for products based on traditional vegetable proteins, with a focus on artisan-inspired production for the B2B2C channel.