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  • 🧫 New in Funding: $40M for the 'next phase' of cultivated meat

🧫 New in Funding: $40M for the 'next phase' of cultivated meat

10 new FoodTech Funding Rounds

🇳🇱 Dutch cultivated meat pioneer Mosa Meat secured €40 million, in a round led by Lowercarbon Capital and M Ventures, to support the “next phase” of its growth plans ahead of a planned launch in Singapore later this year.

🇮🇱 Israeli agtech Greeneye Technology raised $20 million to scale its operations in the US. Its precision spraying technology, which can be retrofitted to work on most existing machines, detects and sprays only areas with weeds, rather than hitting crops or bare ground.

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🇰🇪 Kenyan insurtech Pula raised $20 million Series B funding to provide agricultural insurance to farmers in Africa, Asia and Latin America. It will use the funds to establish new partnerships, including for livestock covers.

💦 Netherlands-based VitalFluid BV secured €5 million to launch its sustainable alternative to agrochemicals such as pesticides and fertilisers, Plasma Activated Water.

🍊 UK-based Daily Dose secured £3 million from IW Capital for its cold-pressed juices and functional drinks, which it makes by partnering directly with British farmers to upcycle waste produce that would otherwise be thrown away. 

🇦🇺 Bygen, based in Australia, raised $2.6 million in a Series A funding round led by government-backed investment fund Breakthrough Victoria. It will use the funds to establish its large-scale production plant, where it will turn agricultural waste into activated carbon.

🌾 OlsAro, based in Sweden, raised €2.5 million seed funding to expand its climate smart crop breeding platform, with a particular focus on its first product a salt-tolerant wheat variety designed to deliver significant increases in yield in saline soil. Here’s why they were backed.

🇸🇪 Sweden’s Saveggy secured €1.76 million for its plant-based vegetable packaging, which consists of an additive-free formula of canola and oats that is coated onto fresh produce before it is delivered to stores. Here’s what it will be used for.

🐄 Agteria Biotech, based in Sweden, announced a successful €1.4 million pre-seed funding round. It claims that its patent-pending one-gram daily feed additive cuts cow methane emissions by 70%.

🚀 Australian startup Prep raised $200,000 pre-seed funding from Melbourne-based VC Skalata for its tech platform, which enables food producers and brands to efficiently scale B2B distribution for a low margin.