New in Funding: FoodLab’s new €100m fund, $80m to build out bioreactors

New in Funding: FoodLab’s new €100m fund, $80m to build out bioreactors

By
Nicola Spalding
October 15, 2021

This is a web version of FoodHack's 'This Week In Food' newsletter. Sign up here to receive the next edition to your inbox.

💰 Atlantic Food Labs is relaunching as FoodLabs and is dedicating a €100M fund to support food, health and sustainability startups, with the goal of helping Europe to become the “epicenter of food and agtech innovation”.

💸 Culture Biosciences announced its $80M Series B financing round to develop 5L and 250L bioreactors and meet demand for large-scale biomanufacturing - used for everything from meat alternatives to vaccines. Also in this space is recent entrant (and FH demo day startup) Ark Biotech.

📱 ResQ raised $39M Series A funding to optimise foodservice outlets’ back-of-house operations via its end-to-end equipment repairs platform, designed to save time and margin.

🍽️ French startup Jow secured $20M for its meal and grocery planning service, designed to make it easier to cook at home, which is partnered with national food retailers for seamless order processing.

🚜 Norway-based N2 Applied received €15M in investment grants from the European Innovation Council to turn livestock slurry into sustainable fertiliser, capturing GHG emissions in the process.

⛓️ Swedish software startup TrusTrace raised $6M Series A funding for its platform, which uses artificial intelligence and blockchain technology to enable “product-level traceability” and support sustainable sourcing strategies.

🔬 The USDA has awarded $10M to Tufts University, to be distributed over a five year period, to establish an Institute for Cellular Agriculture, with the goal of developing new approaches and technologies for cultivated meat.

🐟 Norwegian startup OptoScale raised $4.1M in its first financing round since its inception six years ago. It plans to expand its fish farm monitoring tech to new markets.

🥯 Better Brand closed a $2.5M funding round. Described as the “Beyond Meat of carbs”, the food tech uses modified enzyme technology to reduce the net carbohydrates in grain-based foods.

🧀 Female-led dairy-free brand Grounded Foods raised $2.5M pre-Series A funding to aid its expansion plans for its hemp and “ugly” cauliflower-based cheeses, made via a proprietary fermentation process.

☕ Copenhagen-based Kaffe Bueno, which upcycles coffee products into functional ingredients, scored a €2.5M grant from the European Innovation Council to build Europe’s first Coffee Biorefinery

🗑️ Dutch startup Orbisk secured a €2.4M grant from the European Innovation Council for its fully automated waste monitoring service, which allows restaurants to reduce their food waste by up to 70%.

🌿 French algae expert Algama Foods received a €2M grant from the European Commission to develop algae-based plant-based fish products, dubbed “Seafood Algternatives”.

🏭 Canada’s Relocalize closed CAD1.4M pre-seed funding to invest in the development of an automated food micro-factory, the size of a shipping container, with a view to shrinking large-scale, carbon-intensive food production to an efficient micro-scale.

☕ British tea mixology startup Bird & Blend Tea Co raised £1M via a crowdfunding campaign on Crowdcube to support its local high street expansion and investment in its R&D.

🚀 The UK’s fastest-growing healthy snack bar brand, Perkier, raised £1M via a crowdfunding campaign on Seedrs, exceeding its target by 250%.

🏢 London-based vegan food delivery startup Planty secured €770k to move to a larger facility, extend its product range, and plan its expansion to Scandinavia.

🍤 Dutch startup Monkeys by the Sea closed $500k pre-seed funding for the launch of its microalgae-based vegan tuna and breaded fish alternatives, alongside supporting its R&D operations.

🏦 Rotterdam-based Brandplant, a plant-based distributor for the Benelux region, secured investment from UK-based Veg Capital and Sweden’s Kale United to further expand its market presence.

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This is a web version of FoodHack's 'This Week In Food' newsletter. Sign up here to receive the next edition to your inbox.

💰 Atlantic Food Labs is relaunching as FoodLabs and is dedicating a €100M fund to support food, health and sustainability startups, with the goal of helping Europe to become the “epicenter of food and agtech innovation”.

💸 Culture Biosciences announced its $80M Series B financing round to develop 5L and 250L bioreactors and meet demand for large-scale biomanufacturing - used for everything from meat alternatives to vaccines. Also in this space is recent entrant (and FH demo day startup) Ark Biotech.

📱 ResQ raised $39M Series A funding to optimise foodservice outlets’ back-of-house operations via its end-to-end equipment repairs platform, designed to save time and margin.

🍽️ French startup Jow secured $20M for its meal and grocery planning service, designed to make it easier to cook at home, which is partnered with national food retailers for seamless order processing.

🚜 Norway-based N2 Applied received €15M in investment grants from the European Innovation Council to turn livestock slurry into sustainable fertiliser, capturing GHG emissions in the process.

⛓️ Swedish software startup TrusTrace raised $6M Series A funding for its platform, which uses artificial intelligence and blockchain technology to enable “product-level traceability” and support sustainable sourcing strategies.

🔬 The USDA has awarded $10M to Tufts University, to be distributed over a five year period, to establish an Institute for Cellular Agriculture, with the goal of developing new approaches and technologies for cultivated meat.

🐟 Norwegian startup OptoScale raised $4.1M in its first financing round since its inception six years ago. It plans to expand its fish farm monitoring tech to new markets.

🥯 Better Brand closed a $2.5M funding round. Described as the “Beyond Meat of carbs”, the food tech uses modified enzyme technology to reduce the net carbohydrates in grain-based foods.

🧀 Female-led dairy-free brand Grounded Foods raised $2.5M pre-Series A funding to aid its expansion plans for its hemp and “ugly” cauliflower-based cheeses, made via a proprietary fermentation process.

☕ Copenhagen-based Kaffe Bueno, which upcycles coffee products into functional ingredients, scored a €2.5M grant from the European Innovation Council to build Europe’s first Coffee Biorefinery

🗑️ Dutch startup Orbisk secured a €2.4M grant from the European Innovation Council for its fully automated waste monitoring service, which allows restaurants to reduce their food waste by up to 70%.

🌿 French algae expert Algama Foods received a €2M grant from the European Commission to develop algae-based plant-based fish products, dubbed “Seafood Algternatives”.

🏭 Canada’s Relocalize closed CAD1.4M pre-seed funding to invest in the development of an automated food micro-factory, the size of a shipping container, with a view to shrinking large-scale, carbon-intensive food production to an efficient micro-scale.

☕ British tea mixology startup Bird & Blend Tea Co raised £1M via a crowdfunding campaign on Crowdcube to support its local high street expansion and investment in its R&D.

🚀 The UK’s fastest-growing healthy snack bar brand, Perkier, raised £1M via a crowdfunding campaign on Seedrs, exceeding its target by 250%.

🏢 London-based vegan food delivery startup Planty secured €770k to move to a larger facility, extend its product range, and plan its expansion to Scandinavia.

🍤 Dutch startup Monkeys by the Sea closed $500k pre-seed funding for the launch of its microalgae-based vegan tuna and breaded fish alternatives, alongside supporting its R&D operations.

🏦 Rotterdam-based Brandplant, a plant-based distributor for the Benelux region, secured investment from UK-based Veg Capital and Sweden’s Kale United to further expand its market presence.

This is a web version of FoodHack's 'This Week In Food' newsletter. Sign up here to receive the next edition to your inbox.

💰 Atlantic Food Labs is relaunching as FoodLabs and is dedicating a €100M fund to support food, health and sustainability startups, with the goal of helping Europe to become the “epicenter of food and agtech innovation”.

💸 Culture Biosciences announced its $80M Series B financing round to develop 5L and 250L bioreactors and meet demand for large-scale biomanufacturing - used for everything from meat alternatives to vaccines. Also in this space is recent entrant (and FH demo day startup) Ark Biotech.

📱 ResQ raised $39M Series A funding to optimise foodservice outlets’ back-of-house operations via its end-to-end equipment repairs platform, designed to save time and margin.

🍽️ French startup Jow secured $20M for its meal and grocery planning service, designed to make it easier to cook at home, which is partnered with national food retailers for seamless order processing.

🚜 Norway-based N2 Applied received €15M in investment grants from the European Innovation Council to turn livestock slurry into sustainable fertiliser, capturing GHG emissions in the process.

⛓️ Swedish software startup TrusTrace raised $6M Series A funding for its platform, which uses artificial intelligence and blockchain technology to enable “product-level traceability” and support sustainable sourcing strategies.

🔬 The USDA has awarded $10M to Tufts University, to be distributed over a five year period, to establish an Institute for Cellular Agriculture, with the goal of developing new approaches and technologies for cultivated meat.

🐟 Norwegian startup OptoScale raised $4.1M in its first financing round since its inception six years ago. It plans to expand its fish farm monitoring tech to new markets.

🥯 Better Brand closed a $2.5M funding round. Described as the “Beyond Meat of carbs”, the food tech uses modified enzyme technology to reduce the net carbohydrates in grain-based foods.

🧀 Female-led dairy-free brand Grounded Foods raised $2.5M pre-Series A funding to aid its expansion plans for its hemp and “ugly” cauliflower-based cheeses, made via a proprietary fermentation process.

☕ Copenhagen-based Kaffe Bueno, which upcycles coffee products into functional ingredients, scored a €2.5M grant from the European Innovation Council to build Europe’s first Coffee Biorefinery

🗑️ Dutch startup Orbisk secured a €2.4M grant from the European Innovation Council for its fully automated waste monitoring service, which allows restaurants to reduce their food waste by up to 70%.

🌿 French algae expert Algama Foods received a €2M grant from the European Commission to develop algae-based plant-based fish products, dubbed “Seafood Algternatives”.

🏭 Canada’s Relocalize closed CAD1.4M pre-seed funding to invest in the development of an automated food micro-factory, the size of a shipping container, with a view to shrinking large-scale, carbon-intensive food production to an efficient micro-scale.

☕ British tea mixology startup Bird & Blend Tea Co raised £1M via a crowdfunding campaign on Crowdcube to support its local high street expansion and investment in its R&D.

🚀 The UK’s fastest-growing healthy snack bar brand, Perkier, raised £1M via a crowdfunding campaign on Seedrs, exceeding its target by 250%.

🏢 London-based vegan food delivery startup Planty secured €770k to move to a larger facility, extend its product range, and plan its expansion to Scandinavia.

🍤 Dutch startup Monkeys by the Sea closed $500k pre-seed funding for the launch of its microalgae-based vegan tuna and breaded fish alternatives, alongside supporting its R&D operations.

🏦 Rotterdam-based Brandplant, a plant-based distributor for the Benelux region, secured investment from UK-based Veg Capital and Sweden’s Kale United to further expand its market presence.

This is a web version of FoodHack's 'This Week In Food' newsletter. Sign up here to receive the next edition to your inbox.

💰 Atlantic Food Labs is relaunching as FoodLabs and is dedicating a €100M fund to support food, health and sustainability startups, with the goal of helping Europe to become the “epicenter of food and agtech innovation”.

💸 Culture Biosciences announced its $80M Series B financing round to develop 5L and 250L bioreactors and meet demand for large-scale biomanufacturing - used for everything from meat alternatives to vaccines. Also in this space is recent entrant (and FH demo day startup) Ark Biotech.

📱 ResQ raised $39M Series A funding to optimise foodservice outlets’ back-of-house operations via its end-to-end equipment repairs platform, designed to save time and margin.

🍽️ French startup Jow secured $20M for its meal and grocery planning service, designed to make it easier to cook at home, which is partnered with national food retailers for seamless order processing.

🚜 Norway-based N2 Applied received €15M in investment grants from the European Innovation Council to turn livestock slurry into sustainable fertiliser, capturing GHG emissions in the process.

⛓️ Swedish software startup TrusTrace raised $6M Series A funding for its platform, which uses artificial intelligence and blockchain technology to enable “product-level traceability” and support sustainable sourcing strategies.

🔬 The USDA has awarded $10M to Tufts University, to be distributed over a five year period, to establish an Institute for Cellular Agriculture, with the goal of developing new approaches and technologies for cultivated meat.

🐟 Norwegian startup OptoScale raised $4.1M in its first financing round since its inception six years ago. It plans to expand its fish farm monitoring tech to new markets.

🥯 Better Brand closed a $2.5M funding round. Described as the “Beyond Meat of carbs”, the food tech uses modified enzyme technology to reduce the net carbohydrates in grain-based foods.

🧀 Female-led dairy-free brand Grounded Foods raised $2.5M pre-Series A funding to aid its expansion plans for its hemp and “ugly” cauliflower-based cheeses, made via a proprietary fermentation process.

☕ Copenhagen-based Kaffe Bueno, which upcycles coffee products into functional ingredients, scored a €2.5M grant from the European Innovation Council to build Europe’s first Coffee Biorefinery

🗑️ Dutch startup Orbisk secured a €2.4M grant from the European Innovation Council for its fully automated waste monitoring service, which allows restaurants to reduce their food waste by up to 70%.

🌿 French algae expert Algama Foods received a €2M grant from the European Commission to develop algae-based plant-based fish products, dubbed “Seafood Algternatives”.

🏭 Canada’s Relocalize closed CAD1.4M pre-seed funding to invest in the development of an automated food micro-factory, the size of a shipping container, with a view to shrinking large-scale, carbon-intensive food production to an efficient micro-scale.

☕ British tea mixology startup Bird & Blend Tea Co raised £1M via a crowdfunding campaign on Crowdcube to support its local high street expansion and investment in its R&D.

🚀 The UK’s fastest-growing healthy snack bar brand, Perkier, raised £1M via a crowdfunding campaign on Seedrs, exceeding its target by 250%.

🏢 London-based vegan food delivery startup Planty secured €770k to move to a larger facility, extend its product range, and plan its expansion to Scandinavia.

🍤 Dutch startup Monkeys by the Sea closed $500k pre-seed funding for the launch of its microalgae-based vegan tuna and breaded fish alternatives, alongside supporting its R&D operations.

🏦 Rotterdam-based Brandplant, a plant-based distributor for the Benelux region, secured investment from UK-based Veg Capital and Sweden’s Kale United to further expand its market presence.

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