New in Funding: BrightFarms' 100M raise to continue building-up and V2 secures Australia's largest plant-based funding round

New in Funding: BrightFarms' 100M raise to continue building-up and V2 secures Australia's largest plant-based funding round

By
Nicola Spalding
October 23, 2020

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New in Funding

  • 🌾 BrightFarms raised $100M in series E to expand its network of hydroponic greenhouse farms to all major US markets and establish partnerships with new retailers. The big win with indoor greenhouses is how much less resources they require to function when compared to traditional agricultural methods. In BrightFarms’ case, the technology uses 80% less water, 90% less land and 95% less shipping fuel, plus the farms yield on average ten times more leafy greens per acre than can be grown in a field.

    🍖 Sydney-based V2Food secured $55M in series B funding, the largest funding round in the country for the plant-based meat category, bringing its total funding so far to $113M. The company plans to finance its expansion into Asian markets, with the goal of transforming the way the world produces food.

  • 🍈 Thai jackfruit specialist NR Instant Produce Pcl officially launched on the Thai stock exchange this month to become the very first public Thai plant-based company, and raised $51.4M in its first offering.
  • 🧫 Developer of cultivated meat production Meat-Tech 3D Ltd has invested €1M in Peace of Meat as part of a planned full acquisition. Peace of Meat has developed a unique stem-cell-based technology to produce animal fats, without harming any animals, which could be used to offer improved flavours and textures when combined with plant-based proteins.
  • 🥬 Farming and food innovators YASAI and fenaco are together investing just over $1.6M in the world’s first Circular Vertical Farm. The layered construction means increased productivity, drastically reduced water consumption and year-round food production.
  • 🌾 California-based grain storage startup, Telesense, closed a $10.2M series B round. Its sensor technology provides data on stored grain, both in real-time and for forecasting, to help combat grain spoilage and make the supply chain more sustainable.
  • 🛒 The global pandemic has accelerated interest in contactless transactions, so it’s no surprise that autonomous retail startup AiFi raised around $15M in its latest funding round this week. Its retail environments are cashierless and completely automated, so no need for human handling of any of its products.
  • 🦾 Montreal-based kitchen robotics company YPC Technologies raised a $1.8M seed round. The startup’s key product is a robotic arm which can prepare recipes with a variety of different ingredients, and I’d quite like to have one in my kitchen. Though is anyone else afraid that all these robots will eventually bring the Terminator to life?
  • 🥼 US-based biotech company Solarea Bio raised $11.2M in series A funding to fund its research and innovation in the food-as-medicine arena, with the aim of providing nature-based solutions to improving health & wellbeing.
  • 🌿 Algae is a really hot topic at the moment, and Australian startup Provectus Algae raised $3.25M to ‘program’ algae production and optimise it for commercial application, opening up a whole new world of food and beverage development possibilities.
  • 🐢 The world’s first startup to develop dairy-identical lab-grown milk, TurtleTree Labs, just beat 175,000 other entrants and scored a $500,00 prize in the Entrepreneurship World Cup. Likely to be among the first to bring cultivated products to market, this is a huge step in the move towards sustainable, alternative food production.

Written by
Nicola Spalding

Nicola is a trends analyst and content writer based in West Yorkshire. She has ten years' experience in UK and international retail, including a stint as a trend and innovation specialist for Morrisons supermarkets. A born foodie who loves words, it made sense for her to start writing about all the exciting things happening in food.

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Subscribe to our Weekly News :

New in Funding

  • 🌾 BrightFarms raised $100M in series E to expand its network of hydroponic greenhouse farms to all major US markets and establish partnerships with new retailers. The big win with indoor greenhouses is how much less resources they require to function when compared to traditional agricultural methods. In BrightFarms’ case, the technology uses 80% less water, 90% less land and 95% less shipping fuel, plus the farms yield on average ten times more leafy greens per acre than can be grown in a field.

    🍖 Sydney-based V2Food secured $55M in series B funding, the largest funding round in the country for the plant-based meat category, bringing its total funding so far to $113M. The company plans to finance its expansion into Asian markets, with the goal of transforming the way the world produces food.

  • 🍈 Thai jackfruit specialist NR Instant Produce Pcl officially launched on the Thai stock exchange this month to become the very first public Thai plant-based company, and raised $51.4M in its first offering.
  • 🧫 Developer of cultivated meat production Meat-Tech 3D Ltd has invested €1M in Peace of Meat as part of a planned full acquisition. Peace of Meat has developed a unique stem-cell-based technology to produce animal fats, without harming any animals, which could be used to offer improved flavours and textures when combined with plant-based proteins.
  • 🥬 Farming and food innovators YASAI and fenaco are together investing just over $1.6M in the world’s first Circular Vertical Farm. The layered construction means increased productivity, drastically reduced water consumption and year-round food production.
  • 🌾 California-based grain storage startup, Telesense, closed a $10.2M series B round. Its sensor technology provides data on stored grain, both in real-time and for forecasting, to help combat grain spoilage and make the supply chain more sustainable.
  • 🛒 The global pandemic has accelerated interest in contactless transactions, so it’s no surprise that autonomous retail startup AiFi raised around $15M in its latest funding round this week. Its retail environments are cashierless and completely automated, so no need for human handling of any of its products.
  • 🦾 Montreal-based kitchen robotics company YPC Technologies raised a $1.8M seed round. The startup’s key product is a robotic arm which can prepare recipes with a variety of different ingredients, and I’d quite like to have one in my kitchen. Though is anyone else afraid that all these robots will eventually bring the Terminator to life?
  • 🥼 US-based biotech company Solarea Bio raised $11.2M in series A funding to fund its research and innovation in the food-as-medicine arena, with the aim of providing nature-based solutions to improving health & wellbeing.
  • 🌿 Algae is a really hot topic at the moment, and Australian startup Provectus Algae raised $3.25M to ‘program’ algae production and optimise it for commercial application, opening up a whole new world of food and beverage development possibilities.
  • 🐢 The world’s first startup to develop dairy-identical lab-grown milk, TurtleTree Labs, just beat 175,000 other entrants and scored a $500,00 prize in the Entrepreneurship World Cup. Likely to be among the first to bring cultivated products to market, this is a huge step in the move towards sustainable, alternative food production.

Become a FoodHack+ member to get unlimited access

  • Access premium publications
  • Get listed on our directory
  • Join a Global Community
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Subscribe to our Weekly News :

New in Funding

  • 🌾 BrightFarms raised $100M in series E to expand its network of hydroponic greenhouse farms to all major US markets and establish partnerships with new retailers. The big win with indoor greenhouses is how much less resources they require to function when compared to traditional agricultural methods. In BrightFarms’ case, the technology uses 80% less water, 90% less land and 95% less shipping fuel, plus the farms yield on average ten times more leafy greens per acre than can be grown in a field.

    🍖 Sydney-based V2Food secured $55M in series B funding, the largest funding round in the country for the plant-based meat category, bringing its total funding so far to $113M. The company plans to finance its expansion into Asian markets, with the goal of transforming the way the world produces food.

  • 🍈 Thai jackfruit specialist NR Instant Produce Pcl officially launched on the Thai stock exchange this month to become the very first public Thai plant-based company, and raised $51.4M in its first offering.
  • 🧫 Developer of cultivated meat production Meat-Tech 3D Ltd has invested €1M in Peace of Meat as part of a planned full acquisition. Peace of Meat has developed a unique stem-cell-based technology to produce animal fats, without harming any animals, which could be used to offer improved flavours and textures when combined with plant-based proteins.
  • 🥬 Farming and food innovators YASAI and fenaco are together investing just over $1.6M in the world’s first Circular Vertical Farm. The layered construction means increased productivity, drastically reduced water consumption and year-round food production.
  • 🌾 California-based grain storage startup, Telesense, closed a $10.2M series B round. Its sensor technology provides data on stored grain, both in real-time and for forecasting, to help combat grain spoilage and make the supply chain more sustainable.
  • 🛒 The global pandemic has accelerated interest in contactless transactions, so it’s no surprise that autonomous retail startup AiFi raised around $15M in its latest funding round this week. Its retail environments are cashierless and completely automated, so no need for human handling of any of its products.
  • 🦾 Montreal-based kitchen robotics company YPC Technologies raised a $1.8M seed round. The startup’s key product is a robotic arm which can prepare recipes with a variety of different ingredients, and I’d quite like to have one in my kitchen. Though is anyone else afraid that all these robots will eventually bring the Terminator to life?
  • 🥼 US-based biotech company Solarea Bio raised $11.2M in series A funding to fund its research and innovation in the food-as-medicine arena, with the aim of providing nature-based solutions to improving health & wellbeing.
  • 🌿 Algae is a really hot topic at the moment, and Australian startup Provectus Algae raised $3.25M to ‘program’ algae production and optimise it for commercial application, opening up a whole new world of food and beverage development possibilities.
  • 🐢 The world’s first startup to develop dairy-identical lab-grown milk, TurtleTree Labs, just beat 175,000 other entrants and scored a $500,00 prize in the Entrepreneurship World Cup. Likely to be among the first to bring cultivated products to market, this is a huge step in the move towards sustainable, alternative food production.

Subscribe to our Weekly News :

New in Funding

  • 🌾 BrightFarms raised $100M in series E to expand its network of hydroponic greenhouse farms to all major US markets and establish partnerships with new retailers. The big win with indoor greenhouses is how much less resources they require to function when compared to traditional agricultural methods. In BrightFarms’ case, the technology uses 80% less water, 90% less land and 95% less shipping fuel, plus the farms yield on average ten times more leafy greens per acre than can be grown in a field.

    🍖 Sydney-based V2Food secured $55M in series B funding, the largest funding round in the country for the plant-based meat category, bringing its total funding so far to $113M. The company plans to finance its expansion into Asian markets, with the goal of transforming the way the world produces food.

  • 🍈 Thai jackfruit specialist NR Instant Produce Pcl officially launched on the Thai stock exchange this month to become the very first public Thai plant-based company, and raised $51.4M in its first offering.
  • 🧫 Developer of cultivated meat production Meat-Tech 3D Ltd has invested €1M in Peace of Meat as part of a planned full acquisition. Peace of Meat has developed a unique stem-cell-based technology to produce animal fats, without harming any animals, which could be used to offer improved flavours and textures when combined with plant-based proteins.
  • 🥬 Farming and food innovators YASAI and fenaco are together investing just over $1.6M in the world’s first Circular Vertical Farm. The layered construction means increased productivity, drastically reduced water consumption and year-round food production.
  • 🌾 California-based grain storage startup, Telesense, closed a $10.2M series B round. Its sensor technology provides data on stored grain, both in real-time and for forecasting, to help combat grain spoilage and make the supply chain more sustainable.
  • 🛒 The global pandemic has accelerated interest in contactless transactions, so it’s no surprise that autonomous retail startup AiFi raised around $15M in its latest funding round this week. Its retail environments are cashierless and completely automated, so no need for human handling of any of its products.
  • 🦾 Montreal-based kitchen robotics company YPC Technologies raised a $1.8M seed round. The startup’s key product is a robotic arm which can prepare recipes with a variety of different ingredients, and I’d quite like to have one in my kitchen. Though is anyone else afraid that all these robots will eventually bring the Terminator to life?
  • 🥼 US-based biotech company Solarea Bio raised $11.2M in series A funding to fund its research and innovation in the food-as-medicine arena, with the aim of providing nature-based solutions to improving health & wellbeing.
  • 🌿 Algae is a really hot topic at the moment, and Australian startup Provectus Algae raised $3.25M to ‘program’ algae production and optimise it for commercial application, opening up a whole new world of food and beverage development possibilities.
  • 🐢 The world’s first startup to develop dairy-identical lab-grown milk, TurtleTree Labs, just beat 175,000 other entrants and scored a $500,00 prize in the Entrepreneurship World Cup. Likely to be among the first to bring cultivated products to market, this is a huge step in the move towards sustainable, alternative food production.