Europe's 50+ FoodTech Unicorns, Soonicorns and Futurecorns

Europe's 50+ FoodTech Unicorns, Soonicorns and Futurecorns

By
Arman Anatürk
November 30, 2021

Highlights:

  • A ‘unicorn’ company is defined as a privately held startup company with a value of over $1 billion. And while the US has been the epicentre of the unicorn flock, Europe’s foodtech scene is starting to heat up with a number of startups recently getting their horns.
  • European FoodTech funding reached €3 billion in 2020 and investment which had previously focused on delivery and distribution (e.g. Getir), started to be seen across the whole value chain - from alternative protein creation to D2C packaged goods brands and alternative farming, to name just a few.
  • So which startups could soon gain their unicorn status? We asked around to identify Europe's FoodTech Unicorns ($1bn+ Valuation), Soonicorns ($50m+ in funding) and Futurecorns ($5m - $50m in funding).

Note:

  • To help you keep track of Europe’s FoodTech Unicorns, Soonicorns and Futurecorns - FoodHack's has compiled a list using public data and our own research — with round estimates from Crunchbase and Tracxn.
  • To go behind the data and learn more about the trends driving the European FoodTech boom, read the full report here (a FoodHack+ exclusive)
  • Check back regularly as we’ll update the list whenever a new company makes the cut. To be added to the list, companies must hit the following criteria: headquartered in Europe; FoodTech focussed, founded in 2000 or later; private (not listed or acquired).
  • Please let us know if we’ve missed any at team@foodhack.global

Europe's FoodTech Unicorns

  • Brew Dog
    📍 Glasgow, United Kingdom
    ❓ Food & Beverages / Alcohol
    💸 €300m raised - €1bn valuation
  • Flink
    📍 Berlin, Germany
    ❓ Food Delivery / eGrocery
    💸 $304.2m raised - $2.5bn valuation
  • Gousto
    📍 London, United Kingdom
    ❓ Meal Kit / Food Delivery
    💸 €189m Raised -  Series F - €1bn valuation

  • Glovo
    📍 Barcelona, Spain
    ❓ Food Delivery / eGrocery
    💸 €902m raised - Series F -  €2bn valuation

  • Gorillas
    📍 Berlin, Germany
    ❓ Food Delivery / eGrocery
    💸 €305m raised - €305m Series B - €1bn valuation

  • Getir
    📍 Istanbul, Turkey
    ❓ Food Delivery / eGrocery
    💸 €424m - Series C -  €2.4bn valuation
  • Karma Kitchen
    📍 London, United Kingdom
    ❓ Food Production / Dark Kitchens
    💸 €302m - Series A - €2bn Valuation
  • PICNIC
    📍 Amsterdam, The Netherlands
    ❓ Food Delivery / eGrocery
    💸 $1.1B raised - Series D
  • Rohlik
    📍 Olomouc, Czech Republic
    ❓ Food Delivery / eGrocery
    💸 €320m raised - Series C - €1bn Valuation
  • Infarm
    📍 Berlin, Germany
    ❓ Vertical Farming
    💸 Raised: $604.5m - Latest: $200m Series D
    👀 Investors: Qatar Investment Authority, Partners in Equity, Atomico, Hanaco Venture Capital, Bonnier Ventures, Tres Monos Capital, TriplePoint Capital, Haniel, Latitude, Lightrock, Astanor Ventures, Balderton, Cherry Ventures, Quadia, LocalGlobe, Horizon 2020, Food Labs, IDEO, EuropeanPioneers
  • Wolt
    📍 Helsinki, Finland
    ❓ Food Delivery / eGrocery
    💸 Recently Acquired - €7bn valuation

Europe's FoodTech Soonicorns

  • Ynsect
    📍 Paris, France
    ❓ Insect based feed and fertilizers
    💸 Raised: $399.3m - Latest: Series C
    👀 Investors: Agoranov, Wilco, Demeter Partners, Emertec, ID Capital, VisVires New Protein, Bpifrance, Future Positive Capital, Astanor Ventures, Idinvest Partners, Talis Capital, Credit Agricole, Happiness Capital, Upfront Ventures, Supernova Invest, FootPrine Coalition
  • InnovaFeed
    📍 Paris, France
    ❓ Producing insect-based protein for the feed industry.
    💸 Raised: €195.2m - Latest: Venture
    👀 Investors: Temasek Holdings, Creadev, Nord Creations, Finovam, Spiraex Groupe, Alter Equity 3P, EASME, Wilco
  • Choco
    📍 Berlin, Germany
    ❓ Digital platform for restaurants
    💸 Raised: $171.5m - Latest: $100m Series B
    👀 Investors: Insight Partners, Coatue, Bessemer Venture Partners, Left Land Capital, Visionaries Club, Target Global, Greyhound Capital, Atlantic Labs, MPGI
  • NICKS
    📍
    Stockholm, Sweden & LA, USA
    ❓ Healthy, low-sugar snacks and foods
    💸 Raised: $160m - Latest: $100m series C
    👀 Investors: Ambrosia Investments, Temasek Holdings, Kinnevik, Capagro, PeakBridge, Nicoya Ventures
  • Everli
    📍 Milan, Italy
    ❓ Marketplace for online grocery shopping
    💸 Raised: €113.6M - Latest: Series C
    👀 Investors: Verlinvest, FITEC, Innogest Capital, Convivialite Ventures, DN Capital, 360 Capital, Luxor Captial Group, DIP Capital, C4 Ventures, FITEC, Endeavor Catalyst, Rancilio Cube, R-301 Capital, Ithaca Investment
  • Butternut Box
    📍 London, United Kingdom
    ❓ Direct-to-consumer pet wellness company.
    💸 Raised: $113.3m - Latest: $55.5m, Series D
    👀 Investors: Passion Capital, L Catterton, White Star Capital, Five Seasons Ventures, Literacy Capital, Kreos Capital
  • Mosa Meat
    📍 Maastricht, The Netherlands
    ❓ Cultivated Meat Producer
    💸 Raised: $108m - Latest: $85m Series B
    👀 Investors: Blue Horizon, Nutreco, Target Global, Rubio Impact Ventures, ArcTern Ventures, Bell Food Group, M Ventures, Agronomics, Kilara Capital, Lowercase Capital
  • Deliverect
    📍 Ghent, Belgium
    ❓ POS aggregating third-party online ordering platforms
    💸 Total Funds Raised: $90M - Latest: Series C)
    👀 Investors: Newion, SmartFin, DST Global, OMERS Ventures
  • Matsmart
    📍 Stockholm, Sweden
    ❓ Surplus food eGrocer
    💸 Raised: $80M Total - Latest: €24M Series C
    👀 Investors: Blume Equity, Gullspang Re:Food, LeadX Capital Partners, Northzone, Norrsken VC, Ingka Capital/Group, Edastra Venture Capital, GP Bullhound, IKEA, D-Ax CVC, Inbox Capital
  • ENOUGH
    📍 Glasgow, United Kingdom
    ❓ Fermented fungi derived alternative proteins
    💸 Raised: $78.1m - Latest: €42m Series B
    👀 Investors: Olympic Investments, HAL Investments, CPT Capital, Nutreco, Scottish Investment Banks, AXA Investment Managers, Horizon 2020, EOS Technology Syndicate, DCVC
  • Air Up
    📍 Munich, Germany
    ❓ Scented/flavored water tech
    💸 Raised: $67.8m - Latest: €40m
    👀 Investors: Ippen Media, PepsiCo, Oyster Bay, Five Seasons Ventures, Freigeist Capital
  • Meatable
    📍 Delft, The Netherlands
    ❓ Cultivated meat producer
    💸 Raised: $60m - Latest: $47m Series A
    👀 Investors: Food Labs, BlueYard Capital, Future Positive Capital, BACKED VC, Eurostars, Good Seed Ventures, Agronomics, Humboldt Fund, DSM Venturing, Section 32, Possible Ventures
  • OLIO
    📍 London, United Kingdom
    ❓ Global food sharing app
    💸 Raised: $58.9m - Latest: $43m Series B
    👀 Investors: Rubio Impact Ventures, DX Ventures,VNV Global, Octopus Ventures, Accel, Alumni Ventures, Lugard Road Capital, Upscale, Bran Investments, Quadia, Silvergate Investments, Mustard Seed
  • Simple Feast
    📍 Copenhagen, Denmark
    ❓ Vegan meal-kit delivery
    💸 Raised: $58.8m - Latest: Equity Crowdfunding
    👀 Investors: Crowdcube, Kinnevik, Sweet Capital, Balderton, byFounders, 14W, Sweet Capital, byFounders, EASME
  • Cortilia
    📍 Milan, Italy
    ❓ Grocery delivery from local farmers and producers.
    💸 Raised: $55.5m - Latest: €34m Series C
    👀 Investors: Red Circle Investments, P101, Five Seasons Ventures, Indaco Venture Partners, Primo Ventures
  • Planted
    📍 Zurich, Switzerland
    ❓ Plant-based Meat Producer
    💸 Raised: $53.7m - Latest: $19m Series A
    👀 Investors: Gullspång re:food, Be8 Ventures, Vorwerk Ventures, Good Seed Ventures, Joyance Partners, Movendo Capital, ACE & Company, Blue Horizon, Mica Ventures
  • Formo
    📍 Berlin, Germany
    ❓ Animal-free dairy products from precision fermentation
    💸 Raised: $50m - Latest: $50m Series A)
    👀 Investors: Grazia Equity, CPT Capital, Happiness Capital, Agronomics, M Ventures, Elevat3 Capital, Lionheart Ventures, EQT Capital, Lowercarbon Capital, Good Seed Ventures, Merck, FoodLabs

  • AllPlants
    📍 London, United Kingdom
    ❓ Plant-Based D2C Meal Delivery
    💸 Raised: £52.8m - Latest: £38m Series B
    👀 Investors:
    Molten Ventures, The Craftory, Felix Capital, Octopus Ventures, TriplePoint Capital, Seedrs, Otiva, Isomer Capital
  • Taster
    📍 London, England
    ❓ Food Delivery / Dark Kitchens
    💸 Raised: $50m - Latest: $37m Series B
    👀 Investors:
    Battery Ventures, Rakuten Capital, Heartcore Capital, Founders Future, Octopus Ventures, Latitude, Global Founders Capital, LocalGlobe, Kima Ventures

Europe's FoodTech Futurecorns

  • Solar Foods
    📍 Helsinki, Finland
    ❓ Producer of nutrient-rich protein using only air and electricity
    💸 Raised: $42m raised
    👀 Investors: Finnish Climate Fund, Business Finland, Lifeline Ventures, Fazer, Agronomics, Bridford Investments, CPT Capital, VTT Ventures

  • Tropic Biosciences
    📍 London, United Kingdom
    ❓ Non-GMO crop gene editing
    💸 Raised: $38.5m - Latest: $28.5m Series B
    👀 Investors: Pontifax AgTech, Skview Life Science, Five Season Ventures, Sumitomo Corporation Europe Limited, Temasek Holdings, Emerald Technology Ventures, Agronomics, Bits X Bites, Tekfen Ventures, Genoa Ventures

  • Winnow
    📍 London, United Kingdom
    ❓ Digital tools for restaurants to reduce food waste.
    💸 Raised: $31.9m - Latest: Series B)
    👀 Investors: European Investment bank, The Ingenious Group, D-Ax CVC, Mustard Seed, Circularity Capital, Ingka Group, R/GA Ventures, Accelerasia Ventures, RECAPEX, Seedcamp

  • Jow
    📍 Paris, France
    ❓ Grocery shopping app
    💸 Raised: $28.7m - Latest: $20m Series A
    👀 Investors: Eurazeo, DST Global, Stride, Headline, Stride.VC, The Family, Kima Ventures

  • THIS™
    📍 London, United Kingdom
    ❓ Plant-based meat producer
    💸 Raised: $28.4m - Latest: £11m Series A
    👀 Investors: Lever VC, CPT Capital, Backed VC, Trellis Road, Five Seasons Ventures, Business Growth Fund, Manta Ray Ventures, Veg Capital, Idinvest Partners, Seedcamp

  • HUEL
    📍 Tring, United Kingdom
    ❓ Huel provides nutritionally-complete food products.
    💸 Raised: $26.2m - Latest: Series A
    👀 Investors: Right Side Capital Management, Highland Europe

  • The Protein Brewery
    📍 Breda, The Netherlands
    ❓ Developer of animal-free-based proteins
    💸 Raised: $26m - Latest: $26m Series A
    👀 Investors: Novo Holdings, Unovis, Roquette Ventures
  • Heura Foods
    📍 Barcelona, Spain
    ❓ Producers of plant based meat alternative
    💸 Raised: $24.2m - Latest: Series A
    Investors: Lever VC, Green Monday, Impact Fooding, Capital V, Masschallenge, Crowdcube
  • Stockeld Dreamery
    📍 Stockholm, Sweden
    ❓ Plant-based cheese producer
    💸 Raised: $24m - Latest: $20m Series A
    👀 Investors: Northzone, Eurazeo, Norrsken VC, Gullspang Re:food, Edastra Venture Capital, Astanor Ventures, Trellis Road, Inventure, Purple Orange Ventures, Creandum
  • Curb Food
    📍 Stockholm, Sweden
    ❓ Delivery-first dark kitchen provider.
    💸 Raised: €23.2M - Latest; Series A
    👀 Investors: EQT Ventures, Point72 ventures
  • yfood Labs
    📍 Munich, Germany
    ❓ Complete-nutrition drinks, drink powders and bars
    💸 Raised: $22.6m - Latest: $16.7m Series B
    👀 Investors: Five Seasons Ventures, Felix Capital, New Ground Ventures, Fonterra Co-Operative Group, New Ground Ventures, Freigeist Capital
  • Ljusgårda
    📍 Tibro, Sweden
    ❓ Indoor farming
    💸 ~€20M - Latest: debt and equity
    👀 Investors: Philian (Karl-Johan Persson, H&M) and Jula.
  • MushLabs
    📍 Berlin, Germany
    ❓ Producer of mycelium based sustainable foods
    💸 Raised: $20.5M -  Latest: $10m Series A
    👀 Investors: Happiness Capital, Redalpine, VisVires New Protein, Joyance Partners, MassChallenge, Social tarts, Food Labs
  • Oddbox
    📍 London, United Kingdom
    ❓ Fruit and veg box delivery service to reduce food waste.
    💸 Raised: $20m total -  Latest: $16m Corporate Round
    👀 Investors: BurdaPrincipal Investments
  • Ivy Farm Technologies
    📍 Oxford, United Kingdom
    ❓ Producing cultivated meat
    💸 Raised: $20m - Latest: Seed
    👀 Investors: ...

  • The nu company
    📍 Dresden, Germany
    ❓ Producer of healthier, better-for-you snacks and foods
    💸 Raised: $16.6m - Latest: €14m Series A
    👀 Investors: Five Seasons Ventures, DLF Venture, DX Ventures, Square One Foods, BackBone Ventures
  • Farmy
    📍 Zürich, Switzerland
    ❓ Online marketplace for local food from farmers and producers
    💸 Raised: $16.2m - Latest: Series A
    👀 Investors: SICTIC, Triodos Investment Management, Tenderloin Ventures, Pistor AG
  • Mitte
    📍 Berlin, Germany
    ❓ Smart water system for water purification
    💸 Raised: $15.2m - Latest: €3.7M Convertible
    👀 Investors: Food Labs, Happiness Capital, VisVires New Protein, Döhler Ventures, Kärcher New Venture, Danone Manifesto Venture, Bitburger Ventures)

  • Nourished
    📍 Birmingham, United Kingdom
    ❓ 3D printing technology for customized nutrition products
    💸 Raised: $14.6m - Latest: Series A
    👀 Investors: Henkel Ventures, Apater Capital adm VENTURES, River Park Ventures, Cibus Fund, Colorcon Ventures
  • JustSpices
    📍 Düsseldorf, Germany
    ❓ Spice-mix and meal-prep brand
    💸 Raised: $14.5m - Latest: Series B
    👀 Investors: Monkfish Equity, Döhler Ventures, Coefficient Capital, Five Season Ventures, BitBurger Ventures

  • Aitme
    📍 Berlin, Germany
    ❓ Fully automated robotic kitchens
    💸 Raised: $12.3m - Latest: $9m Venture Round
    👀 Investors: La Famiglia, Food Labs, Vorwerk Ventures, Global Founders Capital, HV Capital
  • Yamo
    📍 Zug, Switzerland
    ❓ Healthy, nutritious children and baby food
    💸 Raised: $11.4m - Latest: €10.1m Series A
    👀 Investors: Fundament, Ringier Digital Ventures, Müller Ventures, Polytech Ventures, btov Ventures, BackBone Ventures, Five Seasons Ventures, ECONA AG

  • GOURMEY
    📍 Paris, France
    ❓ Cultivated meat producer
    💸 Raised: $10m - Latest: Seed
    👀 Investors: Eutopia VC, Big Idea Ventures, Social Starts, Partech, Beyond Impact, Heartcore Capital, Point Nine, Air Street Capital

  • Vly
    📍 Berlin, Germany
    ❓ Manufacturer of plant protein dairy alternatives 
    💸 Raised: $9m - Latest: Series A
    👀 Investors: Five Season Ventures, Global Founders Capital, Good Seed Ventures, Rocket Internet
  • Mycorena
    📍 Gothenburg, Sweden
    ❓ Manufacturing fungi-based, next-generation protein
    💸 $9m - Latest: Seed
    👀 Investors: Glass Wall Syndicate, Kale United 
  • SwissDeCode
    📍 Renens, Switzerland
    ❓ Real-time certification of food authenticity and quality
    💸 Raised: $8.5m - Latest: Venture Round
    👀 Investors: VisVires New Protein (VVNP), EIT Food

  • Bluu Biosciences
    📍 Berlin, Germany
    ❓ Cultivated seafood producer
    💸 Raised: $8.3m - Latest: Seed
    👀 Investors: Be8 Ventures, Lever VC, Norrsken VC, Trellis Road, Manta Ray Ventures, CPT Capital, DX Ventures

  • Hooked Foods
    📍 Stockholm, Sweden
    ❓ Producer of a range of plant-based seafoods
    💸 Raised: $5.3m - Latest: Seed
    👀 Investors:  Brightly Ventures, Oyster Bay, Big Idea Ventures, ProVeg, +Cap, Wave Ventures, Katapult Ocean, Veg Capital, Kale United

  • The Vegan Kind
    📍 Glasgow, United Kingdom
    ❓ Vegan Online Supermarket
    💸 Raised: £4.2m - Latest: £3.5m Series A
    👀 Investors: Literacy Capital

  • Hoxton Farms
    📍 London, United Kingdom
    ❓ Cultivated fat producer
    💸 Raised: $3.8m - Latest: Seed
    👀 Investors: Nucleus Capital, Sustainable Food Ventures, Form Ventures, Presight Capital, Founders Fund, BACKED VC, CPT Capital, Outsized Ventures, Coller Capital

  • Juicy Marbles
    📍 Kamnik, Slovenia
    ❓ Producer of plant-based whole-cut meats
    💸 Raised: $4.5m Latest: Seed
    👀 Investors: Y Combinator, World Fund, Nucleus capital, AgFunder

  • QOA
    📍 Munich, Germany
    ❓ Manufactures cocoa-free chocolate
    💸 Raised: $6.1m - Latest: Seed
    👀 Investors: Cherry Ventures, Fifty Years, Trellis Road, World Fund, Pioneer Fund, Tet Ventures, Nucleus Capital, Y Combinator

  • VFC
    📍 York, United Kingdom
    ❓ Vegan food producer
    💸 Raised: £2.5m - Latest: Seed
    👀 Investors: Veg Capital

  • Umiami
    📍 Paris, France
    ❓ Technology driven plant-based meats producer.
    💸 Raised: $2.7m - Latest: Seed
    👀 Investors:
    Kima Ventures, VERSO Capital, Bpifrance, NewFund, Masschallenge Switzerland

  • Embion Technologies
    📍 Ecublens, Switzerland
    ❓ Extraction of naturally-derived prebiotics for microbiome nutrition.
    💸 Raised: $2.5m - Latest: Grant
    👀 Investors: FIT, Venture kick, Swiss Economic Award

  • Multus
    📍 London, United Kingdom
    ❓ Growth media for cultivated meat
    💸 Raised: Total $2.3m - Latest: Seed
    👀 Investors: Zero Carbon Capital, SOSV, Marinya Capital, IndieBio

  • Better Dairy
    📍 London, United Kingdom
    ❓ Alternative hard cheeses through precision fermentation
    💸 Raised: £1.7m - Latest: Seed
    👀 Investors: Entrepreneur First, CPT Capital, Happiness Capital, Veg Capital, Stray Dog Capital

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Highlights:

  • A ‘unicorn’ company is defined as a privately held startup company with a value of over $1 billion. And while the US has been the epicentre of the unicorn flock, Europe’s foodtech scene is starting to heat up with a number of startups recently getting their horns.
  • European FoodTech funding reached €3 billion in 2020 and investment which had previously focused on delivery and distribution (e.g. Getir), started to be seen across the whole value chain - from alternative protein creation to D2C packaged goods brands and alternative farming, to name just a few.
  • So which startups could soon gain their unicorn status? We asked around to identify Europe's FoodTech Unicorns ($1bn+ Valuation), Soonicorns ($50m+ in funding) and Futurecorns ($5m - $50m in funding).

Note:

  • To help you keep track of Europe’s FoodTech Unicorns, Soonicorns and Futurecorns - FoodHack's has compiled a list using public data and our own research — with round estimates from Crunchbase and Tracxn.
  • To go behind the data and learn more about the trends driving the European FoodTech boom, read the full report here (a FoodHack+ exclusive)
  • Check back regularly as we’ll update the list whenever a new company makes the cut. To be added to the list, companies must hit the following criteria: headquartered in Europe; FoodTech focussed, founded in 2000 or later; private (not listed or acquired).
  • Please let us know if we’ve missed any at team@foodhack.global

Europe's FoodTech Unicorns

  • Brew Dog
    📍 Glasgow, United Kingdom
    ❓ Food & Beverages / Alcohol
    💸 €300m raised - €1bn valuation
  • Flink
    📍 Berlin, Germany
    ❓ Food Delivery / eGrocery
    💸 $304.2m raised - $2.5bn valuation
  • Gousto
    📍 London, United Kingdom
    ❓ Meal Kit / Food Delivery
    💸 €189m Raised -  Series F - €1bn valuation

  • Glovo
    📍 Barcelona, Spain
    ❓ Food Delivery / eGrocery
    💸 €902m raised - Series F -  €2bn valuation

  • Gorillas
    📍 Berlin, Germany
    ❓ Food Delivery / eGrocery
    💸 €305m raised - €305m Series B - €1bn valuation

  • Getir
    📍 Istanbul, Turkey
    ❓ Food Delivery / eGrocery
    💸 €424m - Series C -  €2.4bn valuation
  • Karma Kitchen
    📍 London, United Kingdom
    ❓ Food Production / Dark Kitchens
    💸 €302m - Series A - €2bn Valuation
  • PICNIC
    📍 Amsterdam, The Netherlands
    ❓ Food Delivery / eGrocery
    💸 $1.1B raised - Series D
  • Rohlik
    📍 Olomouc, Czech Republic
    ❓ Food Delivery / eGrocery
    💸 €320m raised - Series C - €1bn Valuation
  • Infarm
    📍 Berlin, Germany
    ❓ Vertical Farming
    💸 Raised: $604.5m - Latest: $200m Series D
    👀 Investors: Qatar Investment Authority, Partners in Equity, Atomico, Hanaco Venture Capital, Bonnier Ventures, Tres Monos Capital, TriplePoint Capital, Haniel, Latitude, Lightrock, Astanor Ventures, Balderton, Cherry Ventures, Quadia, LocalGlobe, Horizon 2020, Food Labs, IDEO, EuropeanPioneers
  • Wolt
    📍 Helsinki, Finland
    ❓ Food Delivery / eGrocery
    💸 Recently Acquired - €7bn valuation

Europe's FoodTech Soonicorns

  • Ynsect
    📍 Paris, France
    ❓ Insect based feed and fertilizers
    💸 Raised: $399.3m - Latest: Series C
    👀 Investors: Agoranov, Wilco, Demeter Partners, Emertec, ID Capital, VisVires New Protein, Bpifrance, Future Positive Capital, Astanor Ventures, Idinvest Partners, Talis Capital, Credit Agricole, Happiness Capital, Upfront Ventures, Supernova Invest, FootPrine Coalition
  • InnovaFeed
    📍 Paris, France
    ❓ Producing insect-based protein for the feed industry.
    💸 Raised: €195.2m - Latest: Venture
    👀 Investors: Temasek Holdings, Creadev, Nord Creations, Finovam, Spiraex Groupe, Alter Equity 3P, EASME, Wilco
  • Choco
    📍 Berlin, Germany
    ❓ Digital platform for restaurants
    💸 Raised: $171.5m - Latest: $100m Series B
    👀 Investors: Insight Partners, Coatue, Bessemer Venture Partners, Left Land Capital, Visionaries Club, Target Global, Greyhound Capital, Atlantic Labs, MPGI
  • NICKS
    📍
    Stockholm, Sweden & LA, USA
    ❓ Healthy, low-sugar snacks and foods
    💸 Raised: $160m - Latest: $100m series C
    👀 Investors: Ambrosia Investments, Temasek Holdings, Kinnevik, Capagro, PeakBridge, Nicoya Ventures
  • Everli
    📍 Milan, Italy
    ❓ Marketplace for online grocery shopping
    💸 Raised: €113.6M - Latest: Series C
    👀 Investors: Verlinvest, FITEC, Innogest Capital, Convivialite Ventures, DN Capital, 360 Capital, Luxor Captial Group, DIP Capital, C4 Ventures, FITEC, Endeavor Catalyst, Rancilio Cube, R-301 Capital, Ithaca Investment
  • Butternut Box
    📍 London, United Kingdom
    ❓ Direct-to-consumer pet wellness company.
    💸 Raised: $113.3m - Latest: $55.5m, Series D
    👀 Investors: Passion Capital, L Catterton, White Star Capital, Five Seasons Ventures, Literacy Capital, Kreos Capital
  • Mosa Meat
    📍 Maastricht, The Netherlands
    ❓ Cultivated Meat Producer
    💸 Raised: $108m - Latest: $85m Series B
    👀 Investors: Blue Horizon, Nutreco, Target Global, Rubio Impact Ventures, ArcTern Ventures, Bell Food Group, M Ventures, Agronomics, Kilara Capital, Lowercase Capital
  • Deliverect
    📍 Ghent, Belgium
    ❓ POS aggregating third-party online ordering platforms
    💸 Total Funds Raised: $90M - Latest: Series C)
    👀 Investors: Newion, SmartFin, DST Global, OMERS Ventures
  • Matsmart
    📍 Stockholm, Sweden
    ❓ Surplus food eGrocer
    💸 Raised: $80M Total - Latest: €24M Series C
    👀 Investors: Blume Equity, Gullspang Re:Food, LeadX Capital Partners, Northzone, Norrsken VC, Ingka Capital/Group, Edastra Venture Capital, GP Bullhound, IKEA, D-Ax CVC, Inbox Capital
  • ENOUGH
    📍 Glasgow, United Kingdom
    ❓ Fermented fungi derived alternative proteins
    💸 Raised: $78.1m - Latest: €42m Series B
    👀 Investors: Olympic Investments, HAL Investments, CPT Capital, Nutreco, Scottish Investment Banks, AXA Investment Managers, Horizon 2020, EOS Technology Syndicate, DCVC
  • Air Up
    📍 Munich, Germany
    ❓ Scented/flavored water tech
    💸 Raised: $67.8m - Latest: €40m
    👀 Investors: Ippen Media, PepsiCo, Oyster Bay, Five Seasons Ventures, Freigeist Capital
  • Meatable
    📍 Delft, The Netherlands
    ❓ Cultivated meat producer
    💸 Raised: $60m - Latest: $47m Series A
    👀 Investors: Food Labs, BlueYard Capital, Future Positive Capital, BACKED VC, Eurostars, Good Seed Ventures, Agronomics, Humboldt Fund, DSM Venturing, Section 32, Possible Ventures
  • OLIO
    📍 London, United Kingdom
    ❓ Global food sharing app
    💸 Raised: $58.9m - Latest: $43m Series B
    👀 Investors: Rubio Impact Ventures, DX Ventures,VNV Global, Octopus Ventures, Accel, Alumni Ventures, Lugard Road Capital, Upscale, Bran Investments, Quadia, Silvergate Investments, Mustard Seed
  • Simple Feast
    📍 Copenhagen, Denmark
    ❓ Vegan meal-kit delivery
    💸 Raised: $58.8m - Latest: Equity Crowdfunding
    👀 Investors: Crowdcube, Kinnevik, Sweet Capital, Balderton, byFounders, 14W, Sweet Capital, byFounders, EASME
  • Cortilia
    📍 Milan, Italy
    ❓ Grocery delivery from local farmers and producers.
    💸 Raised: $55.5m - Latest: €34m Series C
    👀 Investors: Red Circle Investments, P101, Five Seasons Ventures, Indaco Venture Partners, Primo Ventures
  • Planted
    📍 Zurich, Switzerland
    ❓ Plant-based Meat Producer
    💸 Raised: $53.7m - Latest: $19m Series A
    👀 Investors: Gullspång re:food, Be8 Ventures, Vorwerk Ventures, Good Seed Ventures, Joyance Partners, Movendo Capital, ACE & Company, Blue Horizon, Mica Ventures
  • Formo
    📍 Berlin, Germany
    ❓ Animal-free dairy products from precision fermentation
    💸 Raised: $50m - Latest: $50m Series A)
    👀 Investors: Grazia Equity, CPT Capital, Happiness Capital, Agronomics, M Ventures, Elevat3 Capital, Lionheart Ventures, EQT Capital, Lowercarbon Capital, Good Seed Ventures, Merck, FoodLabs

  • AllPlants
    📍 London, United Kingdom
    ❓ Plant-Based D2C Meal Delivery
    💸 Raised: £52.8m - Latest: £38m Series B
    👀 Investors:
    Molten Ventures, The Craftory, Felix Capital, Octopus Ventures, TriplePoint Capital, Seedrs, Otiva, Isomer Capital
  • Taster
    📍 London, England
    ❓ Food Delivery / Dark Kitchens
    💸 Raised: $50m - Latest: $37m Series B
    👀 Investors:
    Battery Ventures, Rakuten Capital, Heartcore Capital, Founders Future, Octopus Ventures, Latitude, Global Founders Capital, LocalGlobe, Kima Ventures

Europe's FoodTech Futurecorns

  • Solar Foods
    📍 Helsinki, Finland
    ❓ Producer of nutrient-rich protein using only air and electricity
    💸 Raised: $42m raised
    👀 Investors: Finnish Climate Fund, Business Finland, Lifeline Ventures, Fazer, Agronomics, Bridford Investments, CPT Capital, VTT Ventures

  • Tropic Biosciences
    📍 London, United Kingdom
    ❓ Non-GMO crop gene editing
    💸 Raised: $38.5m - Latest: $28.5m Series B
    👀 Investors: Pontifax AgTech, Skview Life Science, Five Season Ventures, Sumitomo Corporation Europe Limited, Temasek Holdings, Emerald Technology Ventures, Agronomics, Bits X Bites, Tekfen Ventures, Genoa Ventures

  • Winnow
    📍 London, United Kingdom
    ❓ Digital tools for restaurants to reduce food waste.
    💸 Raised: $31.9m - Latest: Series B)
    👀 Investors: European Investment bank, The Ingenious Group, D-Ax CVC, Mustard Seed, Circularity Capital, Ingka Group, R/GA Ventures, Accelerasia Ventures, RECAPEX, Seedcamp

  • Jow
    📍 Paris, France
    ❓ Grocery shopping app
    💸 Raised: $28.7m - Latest: $20m Series A
    👀 Investors: Eurazeo, DST Global, Stride, Headline, Stride.VC, The Family, Kima Ventures

  • THIS™
    📍 London, United Kingdom
    ❓ Plant-based meat producer
    💸 Raised: $28.4m - Latest: £11m Series A
    👀 Investors: Lever VC, CPT Capital, Backed VC, Trellis Road, Five Seasons Ventures, Business Growth Fund, Manta Ray Ventures, Veg Capital, Idinvest Partners, Seedcamp

  • HUEL
    📍 Tring, United Kingdom
    ❓ Huel provides nutritionally-complete food products.
    💸 Raised: $26.2m - Latest: Series A
    👀 Investors: Right Side Capital Management, Highland Europe

  • The Protein Brewery
    📍 Breda, The Netherlands
    ❓ Developer of animal-free-based proteins
    💸 Raised: $26m - Latest: $26m Series A
    👀 Investors: Novo Holdings, Unovis, Roquette Ventures
  • Heura Foods
    📍 Barcelona, Spain
    ❓ Producers of plant based meat alternative
    💸 Raised: $24.2m - Latest: Series A
    Investors: Lever VC, Green Monday, Impact Fooding, Capital V, Masschallenge, Crowdcube
  • Stockeld Dreamery
    📍 Stockholm, Sweden
    ❓ Plant-based cheese producer
    💸 Raised: $24m - Latest: $20m Series A
    👀 Investors: Northzone, Eurazeo, Norrsken VC, Gullspang Re:food, Edastra Venture Capital, Astanor Ventures, Trellis Road, Inventure, Purple Orange Ventures, Creandum
  • Curb Food
    📍 Stockholm, Sweden
    ❓ Delivery-first dark kitchen provider.
    💸 Raised: €23.2M - Latest; Series A
    👀 Investors: EQT Ventures, Point72 ventures
  • yfood Labs
    📍 Munich, Germany
    ❓ Complete-nutrition drinks, drink powders and bars
    💸 Raised: $22.6m - Latest: $16.7m Series B
    👀 Investors: Five Seasons Ventures, Felix Capital, New Ground Ventures, Fonterra Co-Operative Group, New Ground Ventures, Freigeist Capital
  • Ljusgårda
    📍 Tibro, Sweden
    ❓ Indoor farming
    💸 ~€20M - Latest: debt and equity
    👀 Investors: Philian (Karl-Johan Persson, H&M) and Jula.
  • MushLabs
    📍 Berlin, Germany
    ❓ Producer of mycelium based sustainable foods
    💸 Raised: $20.5M -  Latest: $10m Series A
    👀 Investors: Happiness Capital, Redalpine, VisVires New Protein, Joyance Partners, MassChallenge, Social tarts, Food Labs
  • Oddbox
    📍 London, United Kingdom
    ❓ Fruit and veg box delivery service to reduce food waste.
    💸 Raised: $20m total -  Latest: $16m Corporate Round
    👀 Investors: BurdaPrincipal Investments
  • Ivy Farm Technologies
    📍 Oxford, United Kingdom
    ❓ Producing cultivated meat
    💸 Raised: $20m - Latest: Seed
    👀 Investors: ...

  • The nu company
    📍 Dresden, Germany
    ❓ Producer of healthier, better-for-you snacks and foods
    💸 Raised: $16.6m - Latest: €14m Series A
    👀 Investors: Five Seasons Ventures, DLF Venture, DX Ventures, Square One Foods, BackBone Ventures
  • Farmy
    📍 Zürich, Switzerland
    ❓ Online marketplace for local food from farmers and producers
    💸 Raised: $16.2m - Latest: Series A
    👀 Investors: SICTIC, Triodos Investment Management, Tenderloin Ventures, Pistor AG
  • Mitte
    📍 Berlin, Germany
    ❓ Smart water system for water purification
    💸 Raised: $15.2m - Latest: €3.7M Convertible
    👀 Investors: Food Labs, Happiness Capital, VisVires New Protein, Döhler Ventures, Kärcher New Venture, Danone Manifesto Venture, Bitburger Ventures)

  • Nourished
    📍 Birmingham, United Kingdom
    ❓ 3D printing technology for customized nutrition products
    💸 Raised: $14.6m - Latest: Series A
    👀 Investors: Henkel Ventures, Apater Capital adm VENTURES, River Park Ventures, Cibus Fund, Colorcon Ventures
  • JustSpices
    📍 Düsseldorf, Germany
    ❓ Spice-mix and meal-prep brand
    💸 Raised: $14.5m - Latest: Series B
    👀 Investors: Monkfish Equity, Döhler Ventures, Coefficient Capital, Five Season Ventures, BitBurger Ventures

  • Aitme
    📍 Berlin, Germany
    ❓ Fully automated robotic kitchens
    💸 Raised: $12.3m - Latest: $9m Venture Round
    👀 Investors: La Famiglia, Food Labs, Vorwerk Ventures, Global Founders Capital, HV Capital
  • Yamo
    📍 Zug, Switzerland
    ❓ Healthy, nutritious children and baby food
    💸 Raised: $11.4m - Latest: €10.1m Series A
    👀 Investors: Fundament, Ringier Digital Ventures, Müller Ventures, Polytech Ventures, btov Ventures, BackBone Ventures, Five Seasons Ventures, ECONA AG

  • GOURMEY
    📍 Paris, France
    ❓ Cultivated meat producer
    💸 Raised: $10m - Latest: Seed
    👀 Investors: Eutopia VC, Big Idea Ventures, Social Starts, Partech, Beyond Impact, Heartcore Capital, Point Nine, Air Street Capital

  • Vly
    📍 Berlin, Germany
    ❓ Manufacturer of plant protein dairy alternatives 
    💸 Raised: $9m - Latest: Series A
    👀 Investors: Five Season Ventures, Global Founders Capital, Good Seed Ventures, Rocket Internet
  • Mycorena
    📍 Gothenburg, Sweden
    ❓ Manufacturing fungi-based, next-generation protein
    💸 $9m - Latest: Seed
    👀 Investors: Glass Wall Syndicate, Kale United 
  • SwissDeCode
    📍 Renens, Switzerland
    ❓ Real-time certification of food authenticity and quality
    💸 Raised: $8.5m - Latest: Venture Round
    👀 Investors: VisVires New Protein (VVNP), EIT Food

  • Bluu Biosciences
    📍 Berlin, Germany
    ❓ Cultivated seafood producer
    💸 Raised: $8.3m - Latest: Seed
    👀 Investors: Be8 Ventures, Lever VC, Norrsken VC, Trellis Road, Manta Ray Ventures, CPT Capital, DX Ventures

  • Hooked Foods
    📍 Stockholm, Sweden
    ❓ Producer of a range of plant-based seafoods
    💸 Raised: $5.3m - Latest: Seed
    👀 Investors:  Brightly Ventures, Oyster Bay, Big Idea Ventures, ProVeg, +Cap, Wave Ventures, Katapult Ocean, Veg Capital, Kale United

  • The Vegan Kind
    📍 Glasgow, United Kingdom
    ❓ Vegan Online Supermarket
    💸 Raised: £4.2m - Latest: £3.5m Series A
    👀 Investors: Literacy Capital

  • Hoxton Farms
    📍 London, United Kingdom
    ❓ Cultivated fat producer
    💸 Raised: $3.8m - Latest: Seed
    👀 Investors: Nucleus Capital, Sustainable Food Ventures, Form Ventures, Presight Capital, Founders Fund, BACKED VC, CPT Capital, Outsized Ventures, Coller Capital

  • Juicy Marbles
    📍 Kamnik, Slovenia
    ❓ Producer of plant-based whole-cut meats
    💸 Raised: $4.5m Latest: Seed
    👀 Investors: Y Combinator, World Fund, Nucleus capital, AgFunder

  • QOA
    📍 Munich, Germany
    ❓ Manufactures cocoa-free chocolate
    💸 Raised: $6.1m - Latest: Seed
    👀 Investors: Cherry Ventures, Fifty Years, Trellis Road, World Fund, Pioneer Fund, Tet Ventures, Nucleus Capital, Y Combinator

  • VFC
    📍 York, United Kingdom
    ❓ Vegan food producer
    💸 Raised: £2.5m - Latest: Seed
    👀 Investors: Veg Capital

  • Umiami
    📍 Paris, France
    ❓ Technology driven plant-based meats producer.
    💸 Raised: $2.7m - Latest: Seed
    👀 Investors:
    Kima Ventures, VERSO Capital, Bpifrance, NewFund, Masschallenge Switzerland

  • Embion Technologies
    📍 Ecublens, Switzerland
    ❓ Extraction of naturally-derived prebiotics for microbiome nutrition.
    💸 Raised: $2.5m - Latest: Grant
    👀 Investors: FIT, Venture kick, Swiss Economic Award

  • Multus
    📍 London, United Kingdom
    ❓ Growth media for cultivated meat
    💸 Raised: Total $2.3m - Latest: Seed
    👀 Investors: Zero Carbon Capital, SOSV, Marinya Capital, IndieBio

  • Better Dairy
    📍 London, United Kingdom
    ❓ Alternative hard cheeses through precision fermentation
    💸 Raised: £1.7m - Latest: Seed
    👀 Investors: Entrepreneur First, CPT Capital, Happiness Capital, Veg Capital, Stray Dog Capital

Go beyond the numbers 🔎

Read the full report on the European FoodTech Ecosystem:


Highlights:

  • A ‘unicorn’ company is defined as a privately held startup company with a value of over $1 billion. And while the US has been the epicentre of the unicorn flock, Europe’s foodtech scene is starting to heat up with a number of startups recently getting their horns.
  • European FoodTech funding reached €3 billion in 2020 and investment which had previously focused on delivery and distribution (e.g. Getir), started to be seen across the whole value chain - from alternative protein creation to D2C packaged goods brands and alternative farming, to name just a few.
  • So which startups could soon gain their unicorn status? We asked around to identify Europe's FoodTech Unicorns ($1bn+ Valuation), Soonicorns ($50m+ in funding) and Futurecorns ($5m - $50m in funding).

Note:

  • To help you keep track of Europe’s FoodTech Unicorns, Soonicorns and Futurecorns - FoodHack's has compiled a list using public data and our own research — with round estimates from Crunchbase and Tracxn.
  • To go behind the data and learn more about the trends driving the European FoodTech boom, read the full report here (a FoodHack+ exclusive)
  • Check back regularly as we’ll update the list whenever a new company makes the cut. To be added to the list, companies must hit the following criteria: headquartered in Europe; FoodTech focussed, founded in 2000 or later; private (not listed or acquired).
  • Please let us know if we’ve missed any at team@foodhack.global

Europe's FoodTech Unicorns

  • Brew Dog
    📍 Glasgow, United Kingdom
    ❓ Food & Beverages / Alcohol
    💸 €300m raised - €1bn valuation
  • Flink
    📍 Berlin, Germany
    ❓ Food Delivery / eGrocery
    💸 $304.2m raised - $2.5bn valuation
  • Gousto
    📍 London, United Kingdom
    ❓ Meal Kit / Food Delivery
    💸 €189m Raised -  Series F - €1bn valuation

  • Glovo
    📍 Barcelona, Spain
    ❓ Food Delivery / eGrocery
    💸 €902m raised - Series F -  €2bn valuation

  • Gorillas
    📍 Berlin, Germany
    ❓ Food Delivery / eGrocery
    💸 €305m raised - €305m Series B - €1bn valuation

  • Getir
    📍 Istanbul, Turkey
    ❓ Food Delivery / eGrocery
    💸 €424m - Series C -  €2.4bn valuation
  • Karma Kitchen
    📍 London, United Kingdom
    ❓ Food Production / Dark Kitchens
    💸 €302m - Series A - €2bn Valuation
  • PICNIC
    📍 Amsterdam, The Netherlands
    ❓ Food Delivery / eGrocery
    💸 $1.1B raised - Series D
  • Rohlik
    📍 Olomouc, Czech Republic
    ❓ Food Delivery / eGrocery
    💸 €320m raised - Series C - €1bn Valuation
  • Infarm
    📍 Berlin, Germany
    ❓ Vertical Farming
    💸 Raised: $604.5m - Latest: $200m Series D
    👀 Investors: Qatar Investment Authority, Partners in Equity, Atomico, Hanaco Venture Capital, Bonnier Ventures, Tres Monos Capital, TriplePoint Capital, Haniel, Latitude, Lightrock, Astanor Ventures, Balderton, Cherry Ventures, Quadia, LocalGlobe, Horizon 2020, Food Labs, IDEO, EuropeanPioneers
  • Wolt
    📍 Helsinki, Finland
    ❓ Food Delivery / eGrocery
    💸 Recently Acquired - €7bn valuation

Europe's FoodTech Soonicorns

  • Ynsect
    📍 Paris, France
    ❓ Insect based feed and fertilizers
    💸 Raised: $399.3m - Latest: Series C
    👀 Investors: Agoranov, Wilco, Demeter Partners, Emertec, ID Capital, VisVires New Protein, Bpifrance, Future Positive Capital, Astanor Ventures, Idinvest Partners, Talis Capital, Credit Agricole, Happiness Capital, Upfront Ventures, Supernova Invest, FootPrine Coalition
  • InnovaFeed
    📍 Paris, France
    ❓ Producing insect-based protein for the feed industry.
    💸 Raised: €195.2m - Latest: Venture
    👀 Investors: Temasek Holdings, Creadev, Nord Creations, Finovam, Spiraex Groupe, Alter Equity 3P, EASME, Wilco
  • Choco
    📍 Berlin, Germany
    ❓ Digital platform for restaurants
    💸 Raised: $171.5m - Latest: $100m Series B
    👀 Investors: Insight Partners, Coatue, Bessemer Venture Partners, Left Land Capital, Visionaries Club, Target Global, Greyhound Capital, Atlantic Labs, MPGI
  • NICKS
    📍
    Stockholm, Sweden & LA, USA
    ❓ Healthy, low-sugar snacks and foods
    💸 Raised: $160m - Latest: $100m series C
    👀 Investors: Ambrosia Investments, Temasek Holdings, Kinnevik, Capagro, PeakBridge, Nicoya Ventures
  • Everli
    📍 Milan, Italy
    ❓ Marketplace for online grocery shopping
    💸 Raised: €113.6M - Latest: Series C
    👀 Investors: Verlinvest, FITEC, Innogest Capital, Convivialite Ventures, DN Capital, 360 Capital, Luxor Captial Group, DIP Capital, C4 Ventures, FITEC, Endeavor Catalyst, Rancilio Cube, R-301 Capital, Ithaca Investment
  • Butternut Box
    📍 London, United Kingdom
    ❓ Direct-to-consumer pet wellness company.
    💸 Raised: $113.3m - Latest: $55.5m, Series D
    👀 Investors: Passion Capital, L Catterton, White Star Capital, Five Seasons Ventures, Literacy Capital, Kreos Capital
  • Mosa Meat
    📍 Maastricht, The Netherlands
    ❓ Cultivated Meat Producer
    💸 Raised: $108m - Latest: $85m Series B
    👀 Investors: Blue Horizon, Nutreco, Target Global, Rubio Impact Ventures, ArcTern Ventures, Bell Food Group, M Ventures, Agronomics, Kilara Capital, Lowercase Capital
  • Deliverect
    📍 Ghent, Belgium
    ❓ POS aggregating third-party online ordering platforms
    💸 Total Funds Raised: $90M - Latest: Series C)
    👀 Investors: Newion, SmartFin, DST Global, OMERS Ventures
  • Matsmart
    📍 Stockholm, Sweden
    ❓ Surplus food eGrocer
    💸 Raised: $80M Total - Latest: €24M Series C
    👀 Investors: Blume Equity, Gullspang Re:Food, LeadX Capital Partners, Northzone, Norrsken VC, Ingka Capital/Group, Edastra Venture Capital, GP Bullhound, IKEA, D-Ax CVC, Inbox Capital
  • ENOUGH
    📍 Glasgow, United Kingdom
    ❓ Fermented fungi derived alternative proteins
    💸 Raised: $78.1m - Latest: €42m Series B
    👀 Investors: Olympic Investments, HAL Investments, CPT Capital, Nutreco, Scottish Investment Banks, AXA Investment Managers, Horizon 2020, EOS Technology Syndicate, DCVC
  • Air Up
    📍 Munich, Germany
    ❓ Scented/flavored water tech
    💸 Raised: $67.8m - Latest: €40m
    👀 Investors: Ippen Media, PepsiCo, Oyster Bay, Five Seasons Ventures, Freigeist Capital
  • Meatable
    📍 Delft, The Netherlands
    ❓ Cultivated meat producer
    💸 Raised: $60m - Latest: $47m Series A
    👀 Investors: Food Labs, BlueYard Capital, Future Positive Capital, BACKED VC, Eurostars, Good Seed Ventures, Agronomics, Humboldt Fund, DSM Venturing, Section 32, Possible Ventures
  • OLIO
    📍 London, United Kingdom
    ❓ Global food sharing app
    💸 Raised: $58.9m - Latest: $43m Series B
    👀 Investors: Rubio Impact Ventures, DX Ventures,VNV Global, Octopus Ventures, Accel, Alumni Ventures, Lugard Road Capital, Upscale, Bran Investments, Quadia, Silvergate Investments, Mustard Seed
  • Simple Feast
    📍 Copenhagen, Denmark
    ❓ Vegan meal-kit delivery
    💸 Raised: $58.8m - Latest: Equity Crowdfunding
    👀 Investors: Crowdcube, Kinnevik, Sweet Capital, Balderton, byFounders, 14W, Sweet Capital, byFounders, EASME
  • Cortilia
    📍 Milan, Italy
    ❓ Grocery delivery from local farmers and producers.
    💸 Raised: $55.5m - Latest: €34m Series C
    👀 Investors: Red Circle Investments, P101, Five Seasons Ventures, Indaco Venture Partners, Primo Ventures
  • Planted
    📍 Zurich, Switzerland
    ❓ Plant-based Meat Producer
    💸 Raised: $53.7m - Latest: $19m Series A
    👀 Investors: Gullspång re:food, Be8 Ventures, Vorwerk Ventures, Good Seed Ventures, Joyance Partners, Movendo Capital, ACE & Company, Blue Horizon, Mica Ventures
  • Formo
    📍 Berlin, Germany
    ❓ Animal-free dairy products from precision fermentation
    💸 Raised: $50m - Latest: $50m Series A)
    👀 Investors: Grazia Equity, CPT Capital, Happiness Capital, Agronomics, M Ventures, Elevat3 Capital, Lionheart Ventures, EQT Capital, Lowercarbon Capital, Good Seed Ventures, Merck, FoodLabs

  • AllPlants
    📍 London, United Kingdom
    ❓ Plant-Based D2C Meal Delivery
    💸 Raised: £52.8m - Latest: £38m Series B
    👀 Investors:
    Molten Ventures, The Craftory, Felix Capital, Octopus Ventures, TriplePoint Capital, Seedrs, Otiva, Isomer Capital
  • Taster
    📍 London, England
    ❓ Food Delivery / Dark Kitchens
    💸 Raised: $50m - Latest: $37m Series B
    👀 Investors:
    Battery Ventures, Rakuten Capital, Heartcore Capital, Founders Future, Octopus Ventures, Latitude, Global Founders Capital, LocalGlobe, Kima Ventures

Europe's FoodTech Futurecorns

  • Solar Foods
    📍 Helsinki, Finland
    ❓ Producer of nutrient-rich protein using only air and electricity
    💸 Raised: $42m raised
    👀 Investors: Finnish Climate Fund, Business Finland, Lifeline Ventures, Fazer, Agronomics, Bridford Investments, CPT Capital, VTT Ventures

  • Tropic Biosciences
    📍 London, United Kingdom
    ❓ Non-GMO crop gene editing
    💸 Raised: $38.5m - Latest: $28.5m Series B
    👀 Investors: Pontifax AgTech, Skview Life Science, Five Season Ventures, Sumitomo Corporation Europe Limited, Temasek Holdings, Emerald Technology Ventures, Agronomics, Bits X Bites, Tekfen Ventures, Genoa Ventures

  • Winnow
    📍 London, United Kingdom
    ❓ Digital tools for restaurants to reduce food waste.
    💸 Raised: $31.9m - Latest: Series B)
    👀 Investors: European Investment bank, The Ingenious Group, D-Ax CVC, Mustard Seed, Circularity Capital, Ingka Group, R/GA Ventures, Accelerasia Ventures, RECAPEX, Seedcamp

  • Jow
    📍 Paris, France
    ❓ Grocery shopping app
    💸 Raised: $28.7m - Latest: $20m Series A
    👀 Investors: Eurazeo, DST Global, Stride, Headline, Stride.VC, The Family, Kima Ventures

  • THIS™
    📍 London, United Kingdom
    ❓ Plant-based meat producer
    💸 Raised: $28.4m - Latest: £11m Series A
    👀 Investors: Lever VC, CPT Capital, Backed VC, Trellis Road, Five Seasons Ventures, Business Growth Fund, Manta Ray Ventures, Veg Capital, Idinvest Partners, Seedcamp

  • HUEL
    📍 Tring, United Kingdom
    ❓ Huel provides nutritionally-complete food products.
    💸 Raised: $26.2m - Latest: Series A
    👀 Investors: Right Side Capital Management, Highland Europe

  • The Protein Brewery
    📍 Breda, The Netherlands
    ❓ Developer of animal-free-based proteins
    💸 Raised: $26m - Latest: $26m Series A
    👀 Investors: Novo Holdings, Unovis, Roquette Ventures
  • Heura Foods
    📍 Barcelona, Spain
    ❓ Producers of plant based meat alternative
    💸 Raised: $24.2m - Latest: Series A
    Investors: Lever VC, Green Monday, Impact Fooding, Capital V, Masschallenge, Crowdcube
  • Stockeld Dreamery
    📍 Stockholm, Sweden
    ❓ Plant-based cheese producer
    💸 Raised: $24m - Latest: $20m Series A
    👀 Investors: Northzone, Eurazeo, Norrsken VC, Gullspang Re:food, Edastra Venture Capital, Astanor Ventures, Trellis Road, Inventure, Purple Orange Ventures, Creandum
  • Curb Food
    📍 Stockholm, Sweden
    ❓ Delivery-first dark kitchen provider.
    💸 Raised: €23.2M - Latest; Series A
    👀 Investors: EQT Ventures, Point72 ventures
  • yfood Labs
    📍 Munich, Germany
    ❓ Complete-nutrition drinks, drink powders and bars
    💸 Raised: $22.6m - Latest: $16.7m Series B
    👀 Investors: Five Seasons Ventures, Felix Capital, New Ground Ventures, Fonterra Co-Operative Group, New Ground Ventures, Freigeist Capital
  • Ljusgårda
    📍 Tibro, Sweden
    ❓ Indoor farming
    💸 ~€20M - Latest: debt and equity
    👀 Investors: Philian (Karl-Johan Persson, H&M) and Jula.
  • MushLabs
    📍 Berlin, Germany
    ❓ Producer of mycelium based sustainable foods
    💸 Raised: $20.5M -  Latest: $10m Series A
    👀 Investors: Happiness Capital, Redalpine, VisVires New Protein, Joyance Partners, MassChallenge, Social tarts, Food Labs
  • Oddbox
    📍 London, United Kingdom
    ❓ Fruit and veg box delivery service to reduce food waste.
    💸 Raised: $20m total -  Latest: $16m Corporate Round
    👀 Investors: BurdaPrincipal Investments
  • Ivy Farm Technologies
    📍 Oxford, United Kingdom
    ❓ Producing cultivated meat
    💸 Raised: $20m - Latest: Seed
    👀 Investors: ...

  • The nu company
    📍 Dresden, Germany
    ❓ Producer of healthier, better-for-you snacks and foods
    💸 Raised: $16.6m - Latest: €14m Series A
    👀 Investors: Five Seasons Ventures, DLF Venture, DX Ventures, Square One Foods, BackBone Ventures
  • Farmy
    📍 Zürich, Switzerland
    ❓ Online marketplace for local food from farmers and producers
    💸 Raised: $16.2m - Latest: Series A
    👀 Investors: SICTIC, Triodos Investment Management, Tenderloin Ventures, Pistor AG
  • Mitte
    📍 Berlin, Germany
    ❓ Smart water system for water purification
    💸 Raised: $15.2m - Latest: €3.7M Convertible
    👀 Investors: Food Labs, Happiness Capital, VisVires New Protein, Döhler Ventures, Kärcher New Venture, Danone Manifesto Venture, Bitburger Ventures)

  • Nourished
    📍 Birmingham, United Kingdom
    ❓ 3D printing technology for customized nutrition products
    💸 Raised: $14.6m - Latest: Series A
    👀 Investors: Henkel Ventures, Apater Capital adm VENTURES, River Park Ventures, Cibus Fund, Colorcon Ventures
  • JustSpices
    📍 Düsseldorf, Germany
    ❓ Spice-mix and meal-prep brand
    💸 Raised: $14.5m - Latest: Series B
    👀 Investors: Monkfish Equity, Döhler Ventures, Coefficient Capital, Five Season Ventures, BitBurger Ventures

  • Aitme
    📍 Berlin, Germany
    ❓ Fully automated robotic kitchens
    💸 Raised: $12.3m - Latest: $9m Venture Round
    👀 Investors: La Famiglia, Food Labs, Vorwerk Ventures, Global Founders Capital, HV Capital
  • Yamo
    📍 Zug, Switzerland
    ❓ Healthy, nutritious children and baby food
    💸 Raised: $11.4m - Latest: €10.1m Series A
    👀 Investors: Fundament, Ringier Digital Ventures, Müller Ventures, Polytech Ventures, btov Ventures, BackBone Ventures, Five Seasons Ventures, ECONA AG

  • GOURMEY
    📍 Paris, France
    ❓ Cultivated meat producer
    💸 Raised: $10m - Latest: Seed
    👀 Investors: Eutopia VC, Big Idea Ventures, Social Starts, Partech, Beyond Impact, Heartcore Capital, Point Nine, Air Street Capital

  • Vly
    📍 Berlin, Germany
    ❓ Manufacturer of plant protein dairy alternatives 
    💸 Raised: $9m - Latest: Series A
    👀 Investors: Five Season Ventures, Global Founders Capital, Good Seed Ventures, Rocket Internet
  • Mycorena
    📍 Gothenburg, Sweden
    ❓ Manufacturing fungi-based, next-generation protein
    💸 $9m - Latest: Seed
    👀 Investors: Glass Wall Syndicate, Kale United 
  • SwissDeCode
    📍 Renens, Switzerland
    ❓ Real-time certification of food authenticity and quality
    💸 Raised: $8.5m - Latest: Venture Round
    👀 Investors: VisVires New Protein (VVNP), EIT Food

  • Bluu Biosciences
    📍 Berlin, Germany
    ❓ Cultivated seafood producer
    💸 Raised: $8.3m - Latest: Seed
    👀 Investors: Be8 Ventures, Lever VC, Norrsken VC, Trellis Road, Manta Ray Ventures, CPT Capital, DX Ventures

  • Hooked Foods
    📍 Stockholm, Sweden
    ❓ Producer of a range of plant-based seafoods
    💸 Raised: $5.3m - Latest: Seed
    👀 Investors:  Brightly Ventures, Oyster Bay, Big Idea Ventures, ProVeg, +Cap, Wave Ventures, Katapult Ocean, Veg Capital, Kale United

  • The Vegan Kind
    📍 Glasgow, United Kingdom
    ❓ Vegan Online Supermarket
    💸 Raised: £4.2m - Latest: £3.5m Series A
    👀 Investors: Literacy Capital

  • Hoxton Farms
    📍 London, United Kingdom
    ❓ Cultivated fat producer
    💸 Raised: $3.8m - Latest: Seed
    👀 Investors: Nucleus Capital, Sustainable Food Ventures, Form Ventures, Presight Capital, Founders Fund, BACKED VC, CPT Capital, Outsized Ventures, Coller Capital

  • Juicy Marbles
    📍 Kamnik, Slovenia
    ❓ Producer of plant-based whole-cut meats
    💸 Raised: $4.5m Latest: Seed
    👀 Investors: Y Combinator, World Fund, Nucleus capital, AgFunder

  • QOA
    📍 Munich, Germany
    ❓ Manufactures cocoa-free chocolate
    💸 Raised: $6.1m - Latest: Seed
    👀 Investors: Cherry Ventures, Fifty Years, Trellis Road, World Fund, Pioneer Fund, Tet Ventures, Nucleus Capital, Y Combinator

  • VFC
    📍 York, United Kingdom
    ❓ Vegan food producer
    💸 Raised: £2.5m - Latest: Seed
    👀 Investors: Veg Capital

  • Umiami
    📍 Paris, France
    ❓ Technology driven plant-based meats producer.
    💸 Raised: $2.7m - Latest: Seed
    👀 Investors:
    Kima Ventures, VERSO Capital, Bpifrance, NewFund, Masschallenge Switzerland

  • Embion Technologies
    📍 Ecublens, Switzerland
    ❓ Extraction of naturally-derived prebiotics for microbiome nutrition.
    💸 Raised: $2.5m - Latest: Grant
    👀 Investors: FIT, Venture kick, Swiss Economic Award

  • Multus
    📍 London, United Kingdom
    ❓ Growth media for cultivated meat
    💸 Raised: Total $2.3m - Latest: Seed
    👀 Investors: Zero Carbon Capital, SOSV, Marinya Capital, IndieBio

  • Better Dairy
    📍 London, United Kingdom
    ❓ Alternative hard cheeses through precision fermentation
    💸 Raised: £1.7m - Latest: Seed
    👀 Investors: Entrepreneur First, CPT Capital, Happiness Capital, Veg Capital, Stray Dog Capital

Go beyond the numbers 🔎

Read the full report on the European FoodTech Ecosystem:


Highlights:

  • A ‘unicorn’ company is defined as a privately held startup company with a value of over $1 billion. And while the US has been the epicentre of the unicorn flock, Europe’s foodtech scene is starting to heat up with a number of startups recently getting their horns.
  • European FoodTech funding reached €3 billion in 2020 and investment which had previously focused on delivery and distribution (e.g. Getir), started to be seen across the whole value chain - from alternative protein creation to D2C packaged goods brands and alternative farming, to name just a few.
  • So which startups could soon gain their unicorn status? We asked around to identify Europe's FoodTech Unicorns ($1bn+ Valuation), Soonicorns ($50m+ in funding) and Futurecorns ($5m - $50m in funding).

Note:

  • To help you keep track of Europe’s FoodTech Unicorns, Soonicorns and Futurecorns - FoodHack's has compiled a list using public data and our own research — with round estimates from Crunchbase and Tracxn.
  • To go behind the data and learn more about the trends driving the European FoodTech boom, read the full report here (a FoodHack+ exclusive)
  • Check back regularly as we’ll update the list whenever a new company makes the cut. To be added to the list, companies must hit the following criteria: headquartered in Europe; FoodTech focussed, founded in 2000 or later; private (not listed or acquired).
  • Please let us know if we’ve missed any at team@foodhack.global

Europe's FoodTech Unicorns

  • Brew Dog
    📍 Glasgow, United Kingdom
    ❓ Food & Beverages / Alcohol
    💸 €300m raised - €1bn valuation
  • Flink
    📍 Berlin, Germany
    ❓ Food Delivery / eGrocery
    💸 $304.2m raised - $2.5bn valuation
  • Gousto
    📍 London, United Kingdom
    ❓ Meal Kit / Food Delivery
    💸 €189m Raised -  Series F - €1bn valuation

  • Glovo
    📍 Barcelona, Spain
    ❓ Food Delivery / eGrocery
    💸 €902m raised - Series F -  €2bn valuation

  • Gorillas
    📍 Berlin, Germany
    ❓ Food Delivery / eGrocery
    💸 €305m raised - €305m Series B - €1bn valuation

  • Getir
    📍 Istanbul, Turkey
    ❓ Food Delivery / eGrocery
    💸 €424m - Series C -  €2.4bn valuation
  • Karma Kitchen
    📍 London, United Kingdom
    ❓ Food Production / Dark Kitchens
    💸 €302m - Series A - €2bn Valuation
  • PICNIC
    📍 Amsterdam, The Netherlands
    ❓ Food Delivery / eGrocery
    💸 $1.1B raised - Series D
  • Rohlik
    📍 Olomouc, Czech Republic
    ❓ Food Delivery / eGrocery
    💸 €320m raised - Series C - €1bn Valuation
  • Infarm
    📍 Berlin, Germany
    ❓ Vertical Farming
    💸 Raised: $604.5m - Latest: $200m Series D
    👀 Investors: Qatar Investment Authority, Partners in Equity, Atomico, Hanaco Venture Capital, Bonnier Ventures, Tres Monos Capital, TriplePoint Capital, Haniel, Latitude, Lightrock, Astanor Ventures, Balderton, Cherry Ventures, Quadia, LocalGlobe, Horizon 2020, Food Labs, IDEO, EuropeanPioneers
  • Wolt
    📍 Helsinki, Finland
    ❓ Food Delivery / eGrocery
    💸 Recently Acquired - €7bn valuation

Europe's FoodTech Soonicorns

  • Ynsect
    📍 Paris, France
    ❓ Insect based feed and fertilizers
    💸 Raised: $399.3m - Latest: Series C
    👀 Investors: Agoranov, Wilco, Demeter Partners, Emertec, ID Capital, VisVires New Protein, Bpifrance, Future Positive Capital, Astanor Ventures, Idinvest Partners, Talis Capital, Credit Agricole, Happiness Capital, Upfront Ventures, Supernova Invest, FootPrine Coalition
  • InnovaFeed
    📍 Paris, France
    ❓ Producing insect-based protein for the feed industry.
    💸 Raised: €195.2m - Latest: Venture
    👀 Investors: Temasek Holdings, Creadev, Nord Creations, Finovam, Spiraex Groupe, Alter Equity 3P, EASME, Wilco
  • Choco
    📍 Berlin, Germany
    ❓ Digital platform for restaurants
    💸 Raised: $171.5m - Latest: $100m Series B
    👀 Investors: Insight Partners, Coatue, Bessemer Venture Partners, Left Land Capital, Visionaries Club, Target Global, Greyhound Capital, Atlantic Labs, MPGI
  • NICKS
    📍
    Stockholm, Sweden & LA, USA
    ❓ Healthy, low-sugar snacks and foods
    💸 Raised: $160m - Latest: $100m series C
    👀 Investors: Ambrosia Investments, Temasek Holdings, Kinnevik, Capagro, PeakBridge, Nicoya Ventures
  • Everli
    📍 Milan, Italy
    ❓ Marketplace for online grocery shopping
    💸 Raised: €113.6M - Latest: Series C
    👀 Investors: Verlinvest, FITEC, Innogest Capital, Convivialite Ventures, DN Capital, 360 Capital, Luxor Captial Group, DIP Capital, C4 Ventures, FITEC, Endeavor Catalyst, Rancilio Cube, R-301 Capital, Ithaca Investment
  • Butternut Box
    📍 London, United Kingdom
    ❓ Direct-to-consumer pet wellness company.
    💸 Raised: $113.3m - Latest: $55.5m, Series D
    👀 Investors: Passion Capital, L Catterton, White Star Capital, Five Seasons Ventures, Literacy Capital, Kreos Capital
  • Mosa Meat
    📍 Maastricht, The Netherlands
    ❓ Cultivated Meat Producer
    💸 Raised: $108m - Latest: $85m Series B
    👀 Investors: Blue Horizon, Nutreco, Target Global, Rubio Impact Ventures, ArcTern Ventures, Bell Food Group, M Ventures, Agronomics, Kilara Capital, Lowercase Capital
  • Deliverect
    📍 Ghent, Belgium
    ❓ POS aggregating third-party online ordering platforms
    💸 Total Funds Raised: $90M - Latest: Series C)
    👀 Investors: Newion, SmartFin, DST Global, OMERS Ventures
  • Matsmart
    📍 Stockholm, Sweden
    ❓ Surplus food eGrocer
    💸 Raised: $80M Total - Latest: €24M Series C
    👀 Investors: Blume Equity, Gullspang Re:Food, LeadX Capital Partners, Northzone, Norrsken VC, Ingka Capital/Group, Edastra Venture Capital, GP Bullhound, IKEA, D-Ax CVC, Inbox Capital
  • ENOUGH
    📍 Glasgow, United Kingdom
    ❓ Fermented fungi derived alternative proteins
    💸 Raised: $78.1m - Latest: €42m Series B
    👀 Investors: Olympic Investments, HAL Investments, CPT Capital, Nutreco, Scottish Investment Banks, AXA Investment Managers, Horizon 2020, EOS Technology Syndicate, DCVC
  • Air Up
    📍 Munich, Germany
    ❓ Scented/flavored water tech
    💸 Raised: $67.8m - Latest: €40m
    👀 Investors: Ippen Media, PepsiCo, Oyster Bay, Five Seasons Ventures, Freigeist Capital
  • Meatable
    📍 Delft, The Netherlands
    ❓ Cultivated meat producer
    💸 Raised: $60m - Latest: $47m Series A
    👀 Investors: Food Labs, BlueYard Capital, Future Positive Capital, BACKED VC, Eurostars, Good Seed Ventures, Agronomics, Humboldt Fund, DSM Venturing, Section 32, Possible Ventures
  • OLIO
    📍 London, United Kingdom
    ❓ Global food sharing app
    💸 Raised: $58.9m - Latest: $43m Series B
    👀 Investors: Rubio Impact Ventures, DX Ventures,VNV Global, Octopus Ventures, Accel, Alumni Ventures, Lugard Road Capital, Upscale, Bran Investments, Quadia, Silvergate Investments, Mustard Seed
  • Simple Feast
    📍 Copenhagen, Denmark
    ❓ Vegan meal-kit delivery
    💸 Raised: $58.8m - Latest: Equity Crowdfunding
    👀 Investors: Crowdcube, Kinnevik, Sweet Capital, Balderton, byFounders, 14W, Sweet Capital, byFounders, EASME
  • Cortilia
    📍 Milan, Italy
    ❓ Grocery delivery from local farmers and producers.
    💸 Raised: $55.5m - Latest: €34m Series C
    👀 Investors: Red Circle Investments, P101, Five Seasons Ventures, Indaco Venture Partners, Primo Ventures
  • Planted
    📍 Zurich, Switzerland
    ❓ Plant-based Meat Producer
    💸 Raised: $53.7m - Latest: $19m Series A
    👀 Investors: Gullspång re:food, Be8 Ventures, Vorwerk Ventures, Good Seed Ventures, Joyance Partners, Movendo Capital, ACE & Company, Blue Horizon, Mica Ventures
  • Formo
    📍 Berlin, Germany
    ❓ Animal-free dairy products from precision fermentation
    💸 Raised: $50m - Latest: $50m Series A)
    👀 Investors: Grazia Equity, CPT Capital, Happiness Capital, Agronomics, M Ventures, Elevat3 Capital, Lionheart Ventures, EQT Capital, Lowercarbon Capital, Good Seed Ventures, Merck, FoodLabs

  • AllPlants
    📍 London, United Kingdom
    ❓ Plant-Based D2C Meal Delivery
    💸 Raised: £52.8m - Latest: £38m Series B
    👀 Investors:
    Molten Ventures, The Craftory, Felix Capital, Octopus Ventures, TriplePoint Capital, Seedrs, Otiva, Isomer Capital
  • Taster
    📍 London, England
    ❓ Food Delivery / Dark Kitchens
    💸 Raised: $50m - Latest: $37m Series B
    👀 Investors:
    Battery Ventures, Rakuten Capital, Heartcore Capital, Founders Future, Octopus Ventures, Latitude, Global Founders Capital, LocalGlobe, Kima Ventures

Europe's FoodTech Futurecorns

  • Solar Foods
    📍 Helsinki, Finland
    ❓ Producer of nutrient-rich protein using only air and electricity
    💸 Raised: $42m raised
    👀 Investors: Finnish Climate Fund, Business Finland, Lifeline Ventures, Fazer, Agronomics, Bridford Investments, CPT Capital, VTT Ventures

  • Tropic Biosciences
    📍 London, United Kingdom
    ❓ Non-GMO crop gene editing
    💸 Raised: $38.5m - Latest: $28.5m Series B
    👀 Investors: Pontifax AgTech, Skview Life Science, Five Season Ventures, Sumitomo Corporation Europe Limited, Temasek Holdings, Emerald Technology Ventures, Agronomics, Bits X Bites, Tekfen Ventures, Genoa Ventures

  • Winnow
    📍 London, United Kingdom
    ❓ Digital tools for restaurants to reduce food waste.
    💸 Raised: $31.9m - Latest: Series B)
    👀 Investors: European Investment bank, The Ingenious Group, D-Ax CVC, Mustard Seed, Circularity Capital, Ingka Group, R/GA Ventures, Accelerasia Ventures, RECAPEX, Seedcamp

  • Jow
    📍 Paris, France
    ❓ Grocery shopping app
    💸 Raised: $28.7m - Latest: $20m Series A
    👀 Investors: Eurazeo, DST Global, Stride, Headline, Stride.VC, The Family, Kima Ventures

  • THIS™
    📍 London, United Kingdom
    ❓ Plant-based meat producer
    💸 Raised: $28.4m - Latest: £11m Series A
    👀 Investors: Lever VC, CPT Capital, Backed VC, Trellis Road, Five Seasons Ventures, Business Growth Fund, Manta Ray Ventures, Veg Capital, Idinvest Partners, Seedcamp

  • HUEL
    📍 Tring, United Kingdom
    ❓ Huel provides nutritionally-complete food products.
    💸 Raised: $26.2m - Latest: Series A
    👀 Investors: Right Side Capital Management, Highland Europe

  • The Protein Brewery
    📍 Breda, The Netherlands
    ❓ Developer of animal-free-based proteins
    💸 Raised: $26m - Latest: $26m Series A
    👀 Investors: Novo Holdings, Unovis, Roquette Ventures
  • Heura Foods
    📍 Barcelona, Spain
    ❓ Producers of plant based meat alternative
    💸 Raised: $24.2m - Latest: Series A
    Investors: Lever VC, Green Monday, Impact Fooding, Capital V, Masschallenge, Crowdcube
  • Stockeld Dreamery
    📍 Stockholm, Sweden
    ❓ Plant-based cheese producer
    💸 Raised: $24m - Latest: $20m Series A
    👀 Investors: Northzone, Eurazeo, Norrsken VC, Gullspang Re:food, Edastra Venture Capital, Astanor Ventures, Trellis Road, Inventure, Purple Orange Ventures, Creandum
  • Curb Food
    📍 Stockholm, Sweden
    ❓ Delivery-first dark kitchen provider.
    💸 Raised: €23.2M - Latest; Series A
    👀 Investors: EQT Ventures, Point72 ventures
  • yfood Labs
    📍 Munich, Germany
    ❓ Complete-nutrition drinks, drink powders and bars
    💸 Raised: $22.6m - Latest: $16.7m Series B
    👀 Investors: Five Seasons Ventures, Felix Capital, New Ground Ventures, Fonterra Co-Operative Group, New Ground Ventures, Freigeist Capital
  • Ljusgårda
    📍 Tibro, Sweden
    ❓ Indoor farming
    💸 ~€20M - Latest: debt and equity
    👀 Investors: Philian (Karl-Johan Persson, H&M) and Jula.
  • MushLabs
    📍 Berlin, Germany
    ❓ Producer of mycelium based sustainable foods
    💸 Raised: $20.5M -  Latest: $10m Series A
    👀 Investors: Happiness Capital, Redalpine, VisVires New Protein, Joyance Partners, MassChallenge, Social tarts, Food Labs
  • Oddbox
    📍 London, United Kingdom
    ❓ Fruit and veg box delivery service to reduce food waste.
    💸 Raised: $20m total -  Latest: $16m Corporate Round
    👀 Investors: BurdaPrincipal Investments
  • Ivy Farm Technologies
    📍 Oxford, United Kingdom
    ❓ Producing cultivated meat
    💸 Raised: $20m - Latest: Seed
    👀 Investors: ...

  • The nu company
    📍 Dresden, Germany
    ❓ Producer of healthier, better-for-you snacks and foods
    💸 Raised: $16.6m - Latest: €14m Series A
    👀 Investors: Five Seasons Ventures, DLF Venture, DX Ventures, Square One Foods, BackBone Ventures
  • Farmy
    📍 Zürich, Switzerland
    ❓ Online marketplace for local food from farmers and producers
    💸 Raised: $16.2m - Latest: Series A
    👀 Investors: SICTIC, Triodos Investment Management, Tenderloin Ventures, Pistor AG
  • Mitte
    📍 Berlin, Germany
    ❓ Smart water system for water purification
    💸 Raised: $15.2m - Latest: €3.7M Convertible
    👀 Investors: Food Labs, Happiness Capital, VisVires New Protein, Döhler Ventures, Kärcher New Venture, Danone Manifesto Venture, Bitburger Ventures)

  • Nourished
    📍 Birmingham, United Kingdom
    ❓ 3D printing technology for customized nutrition products
    💸 Raised: $14.6m - Latest: Series A
    👀 Investors: Henkel Ventures, Apater Capital adm VENTURES, River Park Ventures, Cibus Fund, Colorcon Ventures
  • JustSpices
    📍 Düsseldorf, Germany
    ❓ Spice-mix and meal-prep brand
    💸 Raised: $14.5m - Latest: Series B
    👀 Investors: Monkfish Equity, Döhler Ventures, Coefficient Capital, Five Season Ventures, BitBurger Ventures

  • Aitme
    📍 Berlin, Germany
    ❓ Fully automated robotic kitchens
    💸 Raised: $12.3m - Latest: $9m Venture Round
    👀 Investors: La Famiglia, Food Labs, Vorwerk Ventures, Global Founders Capital, HV Capital
  • Yamo
    📍 Zug, Switzerland
    ❓ Healthy, nutritious children and baby food
    💸 Raised: $11.4m - Latest: €10.1m Series A
    👀 Investors: Fundament, Ringier Digital Ventures, Müller Ventures, Polytech Ventures, btov Ventures, BackBone Ventures, Five Seasons Ventures, ECONA AG

  • GOURMEY
    📍 Paris, France
    ❓ Cultivated meat producer
    💸 Raised: $10m - Latest: Seed
    👀 Investors: Eutopia VC, Big Idea Ventures, Social Starts, Partech, Beyond Impact, Heartcore Capital, Point Nine, Air Street Capital

  • Vly
    📍 Berlin, Germany
    ❓ Manufacturer of plant protein dairy alternatives 
    💸 Raised: $9m - Latest: Series A
    👀 Investors: Five Season Ventures, Global Founders Capital, Good Seed Ventures, Rocket Internet
  • Mycorena
    📍 Gothenburg, Sweden
    ❓ Manufacturing fungi-based, next-generation protein
    💸 $9m - Latest: Seed
    👀 Investors: Glass Wall Syndicate, Kale United 
  • SwissDeCode
    📍 Renens, Switzerland
    ❓ Real-time certification of food authenticity and quality
    💸 Raised: $8.5m - Latest: Venture Round
    👀 Investors: VisVires New Protein (VVNP), EIT Food

  • Bluu Biosciences
    📍 Berlin, Germany
    ❓ Cultivated seafood producer
    💸 Raised: $8.3m - Latest: Seed
    👀 Investors: Be8 Ventures, Lever VC, Norrsken VC, Trellis Road, Manta Ray Ventures, CPT Capital, DX Ventures

  • Hooked Foods
    📍 Stockholm, Sweden
    ❓ Producer of a range of plant-based seafoods
    💸 Raised: $5.3m - Latest: Seed
    👀 Investors:  Brightly Ventures, Oyster Bay, Big Idea Ventures, ProVeg, +Cap, Wave Ventures, Katapult Ocean, Veg Capital, Kale United

  • The Vegan Kind
    📍 Glasgow, United Kingdom
    ❓ Vegan Online Supermarket
    💸 Raised: £4.2m - Latest: £3.5m Series A
    👀 Investors: Literacy Capital

  • Hoxton Farms
    📍 London, United Kingdom
    ❓ Cultivated fat producer
    💸 Raised: $3.8m - Latest: Seed
    👀 Investors: Nucleus Capital, Sustainable Food Ventures, Form Ventures, Presight Capital, Founders Fund, BACKED VC, CPT Capital, Outsized Ventures, Coller Capital

  • Juicy Marbles
    📍 Kamnik, Slovenia
    ❓ Producer of plant-based whole-cut meats
    💸 Raised: $4.5m Latest: Seed
    👀 Investors: Y Combinator, World Fund, Nucleus capital, AgFunder

  • QOA
    📍 Munich, Germany
    ❓ Manufactures cocoa-free chocolate
    💸 Raised: $6.1m - Latest: Seed
    👀 Investors: Cherry Ventures, Fifty Years, Trellis Road, World Fund, Pioneer Fund, Tet Ventures, Nucleus Capital, Y Combinator

  • VFC
    📍 York, United Kingdom
    ❓ Vegan food producer
    💸 Raised: £2.5m - Latest: Seed
    👀 Investors: Veg Capital

  • Umiami
    📍 Paris, France
    ❓ Technology driven plant-based meats producer.
    💸 Raised: $2.7m - Latest: Seed
    👀 Investors:
    Kima Ventures, VERSO Capital, Bpifrance, NewFund, Masschallenge Switzerland

  • Embion Technologies
    📍 Ecublens, Switzerland
    ❓ Extraction of naturally-derived prebiotics for microbiome nutrition.
    💸 Raised: $2.5m - Latest: Grant
    👀 Investors: FIT, Venture kick, Swiss Economic Award

  • Multus
    📍 London, United Kingdom
    ❓ Growth media for cultivated meat
    💸 Raised: Total $2.3m - Latest: Seed
    👀 Investors: Zero Carbon Capital, SOSV, Marinya Capital, IndieBio

  • Better Dairy
    📍 London, United Kingdom
    ❓ Alternative hard cheeses through precision fermentation
    💸 Raised: £1.7m - Latest: Seed
    👀 Investors: Entrepreneur First, CPT Capital, Happiness Capital, Veg Capital, Stray Dog Capital

Go beyond the numbers 🔎

Read the full report on the European FoodTech Ecosystem:

Weekly FoodTech Insights

Reports

Bringing home the (Alt) Bacon: the 20+ startups competing to make the best imitation rashers
FBS Alternatives: The 20+ companies racing to replace foetal bovine serum
Cracked it: the 65+ brands hatching new innovations in plant-based eggs
The Proof Is In The Pudding: The 30+ Startups Whipping Up Plant-Based Desserts
Period power: The 30+ startups supporting feminine wellness with food
Make way for the herd: the 18 European FoodTech ‘Soonicorns’ to watch
The spice of life: 20+ seasoning startups taking on the Big Spice Industry
Crop Genetics: the 15 companies working on genetically edited crops that could transform farming and food