🍄 New in Funding: Fungi's $100M Fundraise

10 fresh FoodTech Funding Rounds

🍄 US-based mycelium meat producer Meati raised $100 million Series C1 funding, the largest investment in an alternative protein company since its own $150 million Series C round in 2022. It also expanded into 2,000 Kroger stores and plans to reach 10,000 stores by the end of the year.

🍫 Ethical pantry company Voyage Foods, which says it makes the “most sustainable” chocolate on the market, secured $55 million Series A+ funding just two weeks after signing a commercial deal with Cargill. Look out for next week’s Trend Report on cocoa-free chocolate.

Meet Your Next Investor at the HackSummit

If you’re looking to fundraise and find your next investor, come and meet them at the HackSummit.

100s of investors looking for new talent and breakthrough technologies will be in attendance alongside a highly curated group of fellow Food and ClimateTech founders.

Apply for yours here. Use code NEWS20 to save 20% off your pass.

⚡️Stockholm-based Volta Greentech bagged 32 million SEK investment to bring cost-efficient and scalable climate solution to agriculture. According to the startup, their groundbreaking 2nd generation Lome™ feed additive, cuts the cost for GHG reductions by 10x.

🇮🇳 Indian agritech Poshn raised $4 million in equity funding to streamline the agricultural supply chain with its full-stack services for the wholesale trading of commodities, with which wholesale buyers can purchase from millers and stockists.

🍪 Doughlicious, based in London, secured £3.5 million in a round led by Triple B. It will use the funds to support its expansion plans for its handcrafted cookie dough snacks, which are produced in a facility powered by renewable energy.

💸 Israeli startup Profuse Technology received a €2.4 million grant from the EU’s Horizon EIC Transition program to refine its supplement mixtures for cellular agriculture, which it says speeds up the time it takes to grow muscle tissue for cultivated meat by 80% whilst improving its nutritional quality, texture, and taste.

🐕 CULT Food Science Corp. secured CAD$800,000 to expand its Noochies! cultured yeast pet food portfolio. Noochies! are made with Bmmune, an animal-free, freeze-dried yeast protein that surpasses industry standards for protein and amino acids content.

💦 OSY Group, based in the UK, raised £750,000 for its flagship water-based antimicrobial packaging coating, Xtend, which extends the shelf life of a range of food types, including fresh produce.

🪼 Israel-based Qortein secured $400,000 to process jellyfish biomass for use in the food, nutraceutical, and nutricosmetic industries, since it claims that jellyfish are an invasive species.

🤖 US-based Carbon Robotics secured an undisclosed amount of funding from NVIDIA’s venture capital arm, NVentures. It will use the funds to accelerate international expansion of its autonomous weeding robots, which use computer vision to identify and eliminate weeds via CO2 lasers.