New in Funding: Deliveroo’s Finnish rival Wolt gets $530M, Kate Farms closes 60M & more top news

New in Funding: Deliveroo’s Finnish rival Wolt gets $530M, Kate Farms closes 60M & more top news

By
Nicola Spalding
January 29, 2021

New in Funding

  • 🚛 Finnish food, grocery and retail delivery company Wolt secured $530M to further expand its operations, proof that the on-demand sector is on fire right now, and that it could go up against delivery giant Deliveroo (whose founder could personally make more than $500M in its upcoming IPO) in terms of its potential reach and revenue.
  • 🍼 Kate Farms closed a $60M series B funding round to fuel innovation within its plant-based medical nutrition products and further expansion after its fourth consecutive year of sustained growth.
Source: Plant-based medical nutrition products Kate Farms


  • 🍿 Chickpea snack brand Hippeas, now a powerhouse in the better-for-you snacking market, raised $50M to fund its plans to expand into a snacking platform with a presence across multiple snacking categories.
  • 🥜 Futuristic food tech Ukko closed $40M to fund artificial-intelligence designed products to combat gluten and peanut allergies, both of which are very common and can be very problematic.
  • 🍋 Israel-based Tevel Aerobotics Technologies raised $20M for its flying fruit-picking robots, which are a tech solution to replace the declining fruit-picking workforce as well as being able to ensure fruit is picked when at optimum ripeness through AI identification rather than by subjective judgement.
  • 📦 Starship has raised a further $17M funding, bringing its total to $102M. The firm makes self-driving delivery robots, which have completed over one million fully autonomous deliveries across US college campuses to date.
  • 🦾 Miso Robotics raised $17M through its equity crowdfunding campaign from April to November last year, the highest-grossing technology deal on the SeedInvest equity crowdfunding platform. The firm is behind Flippy the cooking robot, and has seen pandemic-related growth via restaurants who want to maintain social distancing in their kitchens through automated food preparation.
Source: Flippy the cooking robot by Miso Robotics


  • 🌾 Pennsylvanian agtech startup Phospholutions secured $10.3M series A funding to further develop its sustainable fertiliser tech. Its product, called RhizoSorb, improves the delivery of phosphorus and other nutrients to the crop, enhancing the efficiency of fertilizers and saving farmers money.
  • 🥚 Chicken-free egg producer Clara Foods received a $8M venture loan facility to build its sustainable protein platform technology which enables development of molecularly identical eggs without the need for chickens.
  • 🍲 Mealco raised $7M in seed funding. The startup helps chefs to launch new restaurants designed around a delivery-only model in as little as 6-8 weeks, through locally sourcing ingredients to be cooked in Mealco’s kitchen infrastructure, and providing chefs real-time data on menu performance so they can make timely adjustments to ensure maximum sales and customer satisfaction.
  • 🥛 Swedish plant-based milk startup Sproud raised £4.8M from a UK-based growth capital investor, to further develop its high-protein pea-based offer and expand its international brand presence.
Source: Swedish plant-based milk startup Sproud


  • 👋 Bbot closed a $4M seed extension funding round, bringing its total funding to $7.3M, to further develop its contactless QR code-based restaurant tech, which integrates directly into a restaurant’s existing tech setup.
  • 🍔 Canadian plant-based food tech Nabati Foods announced a private placement of up to $4M to fund its expansion plans, having seen sales growth of more than 85% through 2020.
  • 🦗 Entomo Farms raised $3.7M CAD ($2.9M) to support production expansion of its cricket protein products, and to fund marketing efforts to raise consumer awareness of the benefits of sustainable insect protein.
  • 🌯 Affordable meal delivery startup Club Feast raised $3.5M seed funding to expand its operations. The firm partners with restaurants to select a few meals it can offer at a bargain price of $5.99, and consumers sign up to a weekly meal plan and select their options 24 hours in advance so restaurants can plan ahead and cook to order in an economic and efficient way.
  • 🥩 Swiss cultivated meat startup Mirai Foods, founded only a year ago, secured CHF 2.1M ($2.4M) to accelerate its product development and transform its prototype into a commercial product.
Source: Swiss cultivated meat startup Mirai Foods


  • 🌱 Deep tech hardware and software firm Gardin raised $1.2M pre-seed funding to further development of its optical phenotyping technology which allows farms to optimise food production, reduce waste and lower their carbon footprint.
  • 🧈 Australia’s Health and Plant Protein Group (HPP) has invested $300k in US alternative dairy company Lavva, which makes plant-based yoghurts, milks and creamers from pili nuts and coconut.

Mergers & Acquisitions:

  • 🍤 Hong Kong cultivated seafood tech Avant Meats has formed a strategic partnership with the world’s largest fish producer, Vinh Hoan Corporation (VHC), based in Vietnam, in order to leverage VHC’s global sales network and manufacturing capabilities to accelerate production of its cell-based fish products.
Source: Hong Kong cultivated seafood tech Avant Meats
  • 🍗 Global food corp Cargill is acquiring LA-based cooked meats processor ProPortion Foods for an undisclosed amount, to add more value-added products to its existing portfolio.
  • 🧆 General Mills’ venture arm is investing up to £15M in potted pudding and mezze-style dips firm Pots & Co, to support its growth strategy to expand its product range and distribution in the US.
  • 🍫 Dairy ingredients group Meadow Foods is partnering with Germany’s Herza Schokolade to enable it to distribute Herza’s product range to manufacturers in the UK.
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New in Funding

  • 🚛 Finnish food, grocery and retail delivery company Wolt secured $530M to further expand its operations, proof that the on-demand sector is on fire right now, and that it could go up against delivery giant Deliveroo (whose founder could personally make more than $500M in its upcoming IPO) in terms of its potential reach and revenue.
  • 🍼 Kate Farms closed a $60M series B funding round to fuel innovation within its plant-based medical nutrition products and further expansion after its fourth consecutive year of sustained growth.
Source: Plant-based medical nutrition products Kate Farms


  • 🍿 Chickpea snack brand Hippeas, now a powerhouse in the better-for-you snacking market, raised $50M to fund its plans to expand into a snacking platform with a presence across multiple snacking categories.
  • 🥜 Futuristic food tech Ukko closed $40M to fund artificial-intelligence designed products to combat gluten and peanut allergies, both of which are very common and can be very problematic.
  • 🍋 Israel-based Tevel Aerobotics Technologies raised $20M for its flying fruit-picking robots, which are a tech solution to replace the declining fruit-picking workforce as well as being able to ensure fruit is picked when at optimum ripeness through AI identification rather than by subjective judgement.
  • 📦 Starship has raised a further $17M funding, bringing its total to $102M. The firm makes self-driving delivery robots, which have completed over one million fully autonomous deliveries across US college campuses to date.
  • 🦾 Miso Robotics raised $17M through its equity crowdfunding campaign from April to November last year, the highest-grossing technology deal on the SeedInvest equity crowdfunding platform. The firm is behind Flippy the cooking robot, and has seen pandemic-related growth via restaurants who want to maintain social distancing in their kitchens through automated food preparation.
Source: Flippy the cooking robot by Miso Robotics


  • 🌾 Pennsylvanian agtech startup Phospholutions secured $10.3M series A funding to further develop its sustainable fertiliser tech. Its product, called RhizoSorb, improves the delivery of phosphorus and other nutrients to the crop, enhancing the efficiency of fertilizers and saving farmers money.
  • 🥚 Chicken-free egg producer Clara Foods received a $8M venture loan facility to build its sustainable protein platform technology which enables development of molecularly identical eggs without the need for chickens.
  • 🍲 Mealco raised $7M in seed funding. The startup helps chefs to launch new restaurants designed around a delivery-only model in as little as 6-8 weeks, through locally sourcing ingredients to be cooked in Mealco’s kitchen infrastructure, and providing chefs real-time data on menu performance so they can make timely adjustments to ensure maximum sales and customer satisfaction.
  • 🥛 Swedish plant-based milk startup Sproud raised £4.8M from a UK-based growth capital investor, to further develop its high-protein pea-based offer and expand its international brand presence.
Source: Swedish plant-based milk startup Sproud


  • 👋 Bbot closed a $4M seed extension funding round, bringing its total funding to $7.3M, to further develop its contactless QR code-based restaurant tech, which integrates directly into a restaurant’s existing tech setup.
  • 🍔 Canadian plant-based food tech Nabati Foods announced a private placement of up to $4M to fund its expansion plans, having seen sales growth of more than 85% through 2020.
  • 🦗 Entomo Farms raised $3.7M CAD ($2.9M) to support production expansion of its cricket protein products, and to fund marketing efforts to raise consumer awareness of the benefits of sustainable insect protein.
  • 🌯 Affordable meal delivery startup Club Feast raised $3.5M seed funding to expand its operations. The firm partners with restaurants to select a few meals it can offer at a bargain price of $5.99, and consumers sign up to a weekly meal plan and select their options 24 hours in advance so restaurants can plan ahead and cook to order in an economic and efficient way.
  • 🥩 Swiss cultivated meat startup Mirai Foods, founded only a year ago, secured CHF 2.1M ($2.4M) to accelerate its product development and transform its prototype into a commercial product.
Source: Swiss cultivated meat startup Mirai Foods


  • 🌱 Deep tech hardware and software firm Gardin raised $1.2M pre-seed funding to further development of its optical phenotyping technology which allows farms to optimise food production, reduce waste and lower their carbon footprint.
  • 🧈 Australia’s Health and Plant Protein Group (HPP) has invested $300k in US alternative dairy company Lavva, which makes plant-based yoghurts, milks and creamers from pili nuts and coconut.

Mergers & Acquisitions:

  • 🍤 Hong Kong cultivated seafood tech Avant Meats has formed a strategic partnership with the world’s largest fish producer, Vinh Hoan Corporation (VHC), based in Vietnam, in order to leverage VHC’s global sales network and manufacturing capabilities to accelerate production of its cell-based fish products.
Source: Hong Kong cultivated seafood tech Avant Meats
  • 🍗 Global food corp Cargill is acquiring LA-based cooked meats processor ProPortion Foods for an undisclosed amount, to add more value-added products to its existing portfolio.
  • 🧆 General Mills’ venture arm is investing up to £15M in potted pudding and mezze-style dips firm Pots & Co, to support its growth strategy to expand its product range and distribution in the US.
  • 🍫 Dairy ingredients group Meadow Foods is partnering with Germany’s Herza Schokolade to enable it to distribute Herza’s product range to manufacturers in the UK.

New in Funding

  • 🚛 Finnish food, grocery and retail delivery company Wolt secured $530M to further expand its operations, proof that the on-demand sector is on fire right now, and that it could go up against delivery giant Deliveroo (whose founder could personally make more than $500M in its upcoming IPO) in terms of its potential reach and revenue.
  • 🍼 Kate Farms closed a $60M series B funding round to fuel innovation within its plant-based medical nutrition products and further expansion after its fourth consecutive year of sustained growth.
Source: Plant-based medical nutrition products Kate Farms


  • 🍿 Chickpea snack brand Hippeas, now a powerhouse in the better-for-you snacking market, raised $50M to fund its plans to expand into a snacking platform with a presence across multiple snacking categories.
  • 🥜 Futuristic food tech Ukko closed $40M to fund artificial-intelligence designed products to combat gluten and peanut allergies, both of which are very common and can be very problematic.
  • 🍋 Israel-based Tevel Aerobotics Technologies raised $20M for its flying fruit-picking robots, which are a tech solution to replace the declining fruit-picking workforce as well as being able to ensure fruit is picked when at optimum ripeness through AI identification rather than by subjective judgement.
  • 📦 Starship has raised a further $17M funding, bringing its total to $102M. The firm makes self-driving delivery robots, which have completed over one million fully autonomous deliveries across US college campuses to date.
  • 🦾 Miso Robotics raised $17M through its equity crowdfunding campaign from April to November last year, the highest-grossing technology deal on the SeedInvest equity crowdfunding platform. The firm is behind Flippy the cooking robot, and has seen pandemic-related growth via restaurants who want to maintain social distancing in their kitchens through automated food preparation.
Source: Flippy the cooking robot by Miso Robotics


  • 🌾 Pennsylvanian agtech startup Phospholutions secured $10.3M series A funding to further develop its sustainable fertiliser tech. Its product, called RhizoSorb, improves the delivery of phosphorus and other nutrients to the crop, enhancing the efficiency of fertilizers and saving farmers money.
  • 🥚 Chicken-free egg producer Clara Foods received a $8M venture loan facility to build its sustainable protein platform technology which enables development of molecularly identical eggs without the need for chickens.
  • 🍲 Mealco raised $7M in seed funding. The startup helps chefs to launch new restaurants designed around a delivery-only model in as little as 6-8 weeks, through locally sourcing ingredients to be cooked in Mealco’s kitchen infrastructure, and providing chefs real-time data on menu performance so they can make timely adjustments to ensure maximum sales and customer satisfaction.
  • 🥛 Swedish plant-based milk startup Sproud raised £4.8M from a UK-based growth capital investor, to further develop its high-protein pea-based offer and expand its international brand presence.
Source: Swedish plant-based milk startup Sproud


  • 👋 Bbot closed a $4M seed extension funding round, bringing its total funding to $7.3M, to further develop its contactless QR code-based restaurant tech, which integrates directly into a restaurant’s existing tech setup.
  • 🍔 Canadian plant-based food tech Nabati Foods announced a private placement of up to $4M to fund its expansion plans, having seen sales growth of more than 85% through 2020.
  • 🦗 Entomo Farms raised $3.7M CAD ($2.9M) to support production expansion of its cricket protein products, and to fund marketing efforts to raise consumer awareness of the benefits of sustainable insect protein.
  • 🌯 Affordable meal delivery startup Club Feast raised $3.5M seed funding to expand its operations. The firm partners with restaurants to select a few meals it can offer at a bargain price of $5.99, and consumers sign up to a weekly meal plan and select their options 24 hours in advance so restaurants can plan ahead and cook to order in an economic and efficient way.
  • 🥩 Swiss cultivated meat startup Mirai Foods, founded only a year ago, secured CHF 2.1M ($2.4M) to accelerate its product development and transform its prototype into a commercial product.
Source: Swiss cultivated meat startup Mirai Foods


  • 🌱 Deep tech hardware and software firm Gardin raised $1.2M pre-seed funding to further development of its optical phenotyping technology which allows farms to optimise food production, reduce waste and lower their carbon footprint.
  • 🧈 Australia’s Health and Plant Protein Group (HPP) has invested $300k in US alternative dairy company Lavva, which makes plant-based yoghurts, milks and creamers from pili nuts and coconut.

Mergers & Acquisitions:

  • 🍤 Hong Kong cultivated seafood tech Avant Meats has formed a strategic partnership with the world’s largest fish producer, Vinh Hoan Corporation (VHC), based in Vietnam, in order to leverage VHC’s global sales network and manufacturing capabilities to accelerate production of its cell-based fish products.
Source: Hong Kong cultivated seafood tech Avant Meats
  • 🍗 Global food corp Cargill is acquiring LA-based cooked meats processor ProPortion Foods for an undisclosed amount, to add more value-added products to its existing portfolio.
  • 🧆 General Mills’ venture arm is investing up to £15M in potted pudding and mezze-style dips firm Pots & Co, to support its growth strategy to expand its product range and distribution in the US.
  • 🍫 Dairy ingredients group Meadow Foods is partnering with Germany’s Herza Schokolade to enable it to distribute Herza’s product range to manufacturers in the UK.

New in Funding

  • 🚛 Finnish food, grocery and retail delivery company Wolt secured $530M to further expand its operations, proof that the on-demand sector is on fire right now, and that it could go up against delivery giant Deliveroo (whose founder could personally make more than $500M in its upcoming IPO) in terms of its potential reach and revenue.
  • 🍼 Kate Farms closed a $60M series B funding round to fuel innovation within its plant-based medical nutrition products and further expansion after its fourth consecutive year of sustained growth.
Source: Plant-based medical nutrition products Kate Farms


  • 🍿 Chickpea snack brand Hippeas, now a powerhouse in the better-for-you snacking market, raised $50M to fund its plans to expand into a snacking platform with a presence across multiple snacking categories.
  • 🥜 Futuristic food tech Ukko closed $40M to fund artificial-intelligence designed products to combat gluten and peanut allergies, both of which are very common and can be very problematic.
  • 🍋 Israel-based Tevel Aerobotics Technologies raised $20M for its flying fruit-picking robots, which are a tech solution to replace the declining fruit-picking workforce as well as being able to ensure fruit is picked when at optimum ripeness through AI identification rather than by subjective judgement.
  • 📦 Starship has raised a further $17M funding, bringing its total to $102M. The firm makes self-driving delivery robots, which have completed over one million fully autonomous deliveries across US college campuses to date.
  • 🦾 Miso Robotics raised $17M through its equity crowdfunding campaign from April to November last year, the highest-grossing technology deal on the SeedInvest equity crowdfunding platform. The firm is behind Flippy the cooking robot, and has seen pandemic-related growth via restaurants who want to maintain social distancing in their kitchens through automated food preparation.
Source: Flippy the cooking robot by Miso Robotics


  • 🌾 Pennsylvanian agtech startup Phospholutions secured $10.3M series A funding to further develop its sustainable fertiliser tech. Its product, called RhizoSorb, improves the delivery of phosphorus and other nutrients to the crop, enhancing the efficiency of fertilizers and saving farmers money.
  • 🥚 Chicken-free egg producer Clara Foods received a $8M venture loan facility to build its sustainable protein platform technology which enables development of molecularly identical eggs without the need for chickens.
  • 🍲 Mealco raised $7M in seed funding. The startup helps chefs to launch new restaurants designed around a delivery-only model in as little as 6-8 weeks, through locally sourcing ingredients to be cooked in Mealco’s kitchen infrastructure, and providing chefs real-time data on menu performance so they can make timely adjustments to ensure maximum sales and customer satisfaction.
  • 🥛 Swedish plant-based milk startup Sproud raised £4.8M from a UK-based growth capital investor, to further develop its high-protein pea-based offer and expand its international brand presence.
Source: Swedish plant-based milk startup Sproud


  • 👋 Bbot closed a $4M seed extension funding round, bringing its total funding to $7.3M, to further develop its contactless QR code-based restaurant tech, which integrates directly into a restaurant’s existing tech setup.
  • 🍔 Canadian plant-based food tech Nabati Foods announced a private placement of up to $4M to fund its expansion plans, having seen sales growth of more than 85% through 2020.
  • 🦗 Entomo Farms raised $3.7M CAD ($2.9M) to support production expansion of its cricket protein products, and to fund marketing efforts to raise consumer awareness of the benefits of sustainable insect protein.
  • 🌯 Affordable meal delivery startup Club Feast raised $3.5M seed funding to expand its operations. The firm partners with restaurants to select a few meals it can offer at a bargain price of $5.99, and consumers sign up to a weekly meal plan and select their options 24 hours in advance so restaurants can plan ahead and cook to order in an economic and efficient way.
  • 🥩 Swiss cultivated meat startup Mirai Foods, founded only a year ago, secured CHF 2.1M ($2.4M) to accelerate its product development and transform its prototype into a commercial product.
Source: Swiss cultivated meat startup Mirai Foods


  • 🌱 Deep tech hardware and software firm Gardin raised $1.2M pre-seed funding to further development of its optical phenotyping technology which allows farms to optimise food production, reduce waste and lower their carbon footprint.
  • 🧈 Australia’s Health and Plant Protein Group (HPP) has invested $300k in US alternative dairy company Lavva, which makes plant-based yoghurts, milks and creamers from pili nuts and coconut.

Mergers & Acquisitions:

  • 🍤 Hong Kong cultivated seafood tech Avant Meats has formed a strategic partnership with the world’s largest fish producer, Vinh Hoan Corporation (VHC), based in Vietnam, in order to leverage VHC’s global sales network and manufacturing capabilities to accelerate production of its cell-based fish products.
Source: Hong Kong cultivated seafood tech Avant Meats
  • 🍗 Global food corp Cargill is acquiring LA-based cooked meats processor ProPortion Foods for an undisclosed amount, to add more value-added products to its existing portfolio.
  • 🧆 General Mills’ venture arm is investing up to £15M in potted pudding and mezze-style dips firm Pots & Co, to support its growth strategy to expand its product range and distribution in the US.
  • 🍫 Dairy ingredients group Meadow Foods is partnering with Germany’s Herza Schokolade to enable it to distribute Herza’s product range to manufacturers in the UK.
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