New in Funding: $380M GoPuff, $224M Ÿnsect, $200M Instacart, $80M Cooler Screens & More...

New in Funding: $380M GoPuff, $224M Ÿnsect, $200M Instacart, $80M Cooler Screens & More...

By
Nicola Spalding
October 9, 2020

This Week In Food's major news is French-startup Ÿnsect has raised another $224M to build out the world’s largest insect farm. Proving that B2B is the less sexy but oftentimes more lucrative space to be in.

This got us thinking about the B2B ingredient sector as a whole. As the demand for more sustainable feed, food, and materials grows, suppliers will be cashing in. Some companies that come to mind are Kingdom Supercultures, Algaia, Tebrito, and further down the line, Future Fields.

This is a web-version of our weekly This Week In Food newsletter. Subscribe below to receive future editions straight to your inbox.

New in Funding

  • 📦 US delivery start-up GoPuff has raised $380 million in funding, as it aims to further accelerate its geographic expansion and product offerings. While the startup has kept a relatively low profile in the media, it’s already available in more than 500 U.S. cities and has raised $1.35 billion in total funding.
  • 🐜 French startup Ÿnsect raised another $224M to commercialise the world’s most high-tech bug colony. Its vertical farms are raising insects for protein, currently used to supply fish farms, but with the eventual potential to be an alternative protein source for humans. Also this week the UK government earmarked $13M for industrial insect farming, so we expect to see a plague of locusts any day now.

Source: Ÿnsect
  • 🛵 San Francisco-based grocery delivery and pickup company Instacart raised another $200M to boost its valuation to $17.7 billion - a 28% increase in valuation since it last raised just 3 months ago.
  • 🌱 The European Circular Bioeconomy Fund raised €82M to sponsor planet-preserving innovation. Its first two investments, in PeelPioneers and Prolupin, are already underway.
  • 📺 Cooler Screens raised $80M in series C funding for its electronic display doors, which can be used to highlight pricing and promotions, or simply as a giant TV for commercials.
  • 🌾 Revol Greens raised another $68M, bringing its total funding to $215M, and plans to build the world’s largest indoor farm.
  • 🍛 Virtual farmer’s market Grubmarket closed $60M series D funding this week. Customers can choose from a range of products from local producers, and even some restaurants and meal kit suppliers, then pick them up or have them delivered.
  • 🍴 Newly renamed Latin American cloud restaurant RobinFood secured $16M in debt funding to add to its $15M series B funding round from October 2019.
  • 💦 US brand Oxigen Water raised $15M in series B funding, including some celebrity investors, to build brand awareness and further scale national distribution.
  • 📱Berlin-based Fastic, one of Europe’s fastest-growing intermittent fasting apps, has announced a seed round of around €4.3 million to push ahead with US expansion.
  • 🍕 Food robotics company Picnic has raised another $3M for its food assembly systems. Its pizza robot can assemble up to 300 pizzas an hour, which is about as many as my kid and her friends can eat.
  • 🥃 Silicon Valley spirits company Bespoken Spirits raised $2.6M this week. It has developed a data-driven process to accelerate the aging of whisky and create specific flavours, and has won many awards despite backlash from artisan producers.
  • 🤖 Australia’s SwarmFarm Robotics raised $3.22M to support business growth for its autonomous agricultural robot systems.
  • 🚚 HWY Haul raised an undisclosed seed round to fund its automation of the food transportation process, designed to reduce food waste and streamline the associated admin.
  • 🇮🇳 Big Ideas Venture and Ashika Group have joined forces to launch India’s first alternative protein investment fund, with support from Good Food Institute India.
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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This Week In Food's major news is French-startup Ÿnsect has raised another $224M to build out the world’s largest insect farm. Proving that B2B is the less sexy but oftentimes more lucrative space to be in.

This got us thinking about the B2B ingredient sector as a whole. As the demand for more sustainable feed, food, and materials grows, suppliers will be cashing in. Some companies that come to mind are Kingdom Supercultures, Algaia, Tebrito, and further down the line, Future Fields.

This is a web-version of our weekly This Week In Food newsletter. Subscribe below to receive future editions straight to your inbox.

New in Funding

  • 📦 US delivery start-up GoPuff has raised $380 million in funding, as it aims to further accelerate its geographic expansion and product offerings. While the startup has kept a relatively low profile in the media, it’s already available in more than 500 U.S. cities and has raised $1.35 billion in total funding.
  • 🐜 French startup Ÿnsect raised another $224M to commercialise the world’s most high-tech bug colony. Its vertical farms are raising insects for protein, currently used to supply fish farms, but with the eventual potential to be an alternative protein source for humans. Also this week the UK government earmarked $13M for industrial insect farming, so we expect to see a plague of locusts any day now.

Source: Ÿnsect
  • 🛵 San Francisco-based grocery delivery and pickup company Instacart raised another $200M to boost its valuation to $17.7 billion - a 28% increase in valuation since it last raised just 3 months ago.
  • 🌱 The European Circular Bioeconomy Fund raised €82M to sponsor planet-preserving innovation. Its first two investments, in PeelPioneers and Prolupin, are already underway.
  • 📺 Cooler Screens raised $80M in series C funding for its electronic display doors, which can be used to highlight pricing and promotions, or simply as a giant TV for commercials.
  • 🌾 Revol Greens raised another $68M, bringing its total funding to $215M, and plans to build the world’s largest indoor farm.
  • 🍛 Virtual farmer’s market Grubmarket closed $60M series D funding this week. Customers can choose from a range of products from local producers, and even some restaurants and meal kit suppliers, then pick them up or have them delivered.
  • 🍴 Newly renamed Latin American cloud restaurant RobinFood secured $16M in debt funding to add to its $15M series B funding round from October 2019.
  • 💦 US brand Oxigen Water raised $15M in series B funding, including some celebrity investors, to build brand awareness and further scale national distribution.
  • 📱Berlin-based Fastic, one of Europe’s fastest-growing intermittent fasting apps, has announced a seed round of around €4.3 million to push ahead with US expansion.
  • 🍕 Food robotics company Picnic has raised another $3M for its food assembly systems. Its pizza robot can assemble up to 300 pizzas an hour, which is about as many as my kid and her friends can eat.
  • 🥃 Silicon Valley spirits company Bespoken Spirits raised $2.6M this week. It has developed a data-driven process to accelerate the aging of whisky and create specific flavours, and has won many awards despite backlash from artisan producers.
  • 🤖 Australia’s SwarmFarm Robotics raised $3.22M to support business growth for its autonomous agricultural robot systems.
  • 🚚 HWY Haul raised an undisclosed seed round to fund its automation of the food transportation process, designed to reduce food waste and streamline the associated admin.
  • 🇮🇳 Big Ideas Venture and Ashika Group have joined forces to launch India’s first alternative protein investment fund, with support from Good Food Institute India.

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  • Access Member Directory
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This Week In Food's major news is French-startup Ÿnsect has raised another $224M to build out the world’s largest insect farm. Proving that B2B is the less sexy but oftentimes more lucrative space to be in.

This got us thinking about the B2B ingredient sector as a whole. As the demand for more sustainable feed, food, and materials grows, suppliers will be cashing in. Some companies that come to mind are Kingdom Supercultures, Algaia, Tebrito, and further down the line, Future Fields.

This is a web-version of our weekly This Week In Food newsletter. Subscribe below to receive future editions straight to your inbox.

New in Funding

  • 📦 US delivery start-up GoPuff has raised $380 million in funding, as it aims to further accelerate its geographic expansion and product offerings. While the startup has kept a relatively low profile in the media, it’s already available in more than 500 U.S. cities and has raised $1.35 billion in total funding.
  • 🐜 French startup Ÿnsect raised another $224M to commercialise the world’s most high-tech bug colony. Its vertical farms are raising insects for protein, currently used to supply fish farms, but with the eventual potential to be an alternative protein source for humans. Also this week the UK government earmarked $13M for industrial insect farming, so we expect to see a plague of locusts any day now.

Source: Ÿnsect
  • 🛵 San Francisco-based grocery delivery and pickup company Instacart raised another $200M to boost its valuation to $17.7 billion - a 28% increase in valuation since it last raised just 3 months ago.
  • 🌱 The European Circular Bioeconomy Fund raised €82M to sponsor planet-preserving innovation. Its first two investments, in PeelPioneers and Prolupin, are already underway.
  • 📺 Cooler Screens raised $80M in series C funding for its electronic display doors, which can be used to highlight pricing and promotions, or simply as a giant TV for commercials.
  • 🌾 Revol Greens raised another $68M, bringing its total funding to $215M, and plans to build the world’s largest indoor farm.
  • 🍛 Virtual farmer’s market Grubmarket closed $60M series D funding this week. Customers can choose from a range of products from local producers, and even some restaurants and meal kit suppliers, then pick them up or have them delivered.
  • 🍴 Newly renamed Latin American cloud restaurant RobinFood secured $16M in debt funding to add to its $15M series B funding round from October 2019.
  • 💦 US brand Oxigen Water raised $15M in series B funding, including some celebrity investors, to build brand awareness and further scale national distribution.
  • 📱Berlin-based Fastic, one of Europe’s fastest-growing intermittent fasting apps, has announced a seed round of around €4.3 million to push ahead with US expansion.
  • 🍕 Food robotics company Picnic has raised another $3M for its food assembly systems. Its pizza robot can assemble up to 300 pizzas an hour, which is about as many as my kid and her friends can eat.
  • 🥃 Silicon Valley spirits company Bespoken Spirits raised $2.6M this week. It has developed a data-driven process to accelerate the aging of whisky and create specific flavours, and has won many awards despite backlash from artisan producers.
  • 🤖 Australia’s SwarmFarm Robotics raised $3.22M to support business growth for its autonomous agricultural robot systems.
  • 🚚 HWY Haul raised an undisclosed seed round to fund its automation of the food transportation process, designed to reduce food waste and streamline the associated admin.
  • 🇮🇳 Big Ideas Venture and Ashika Group have joined forces to launch India’s first alternative protein investment fund, with support from Good Food Institute India.

This Week In Food's major news is French-startup Ÿnsect has raised another $224M to build out the world’s largest insect farm. Proving that B2B is the less sexy but oftentimes more lucrative space to be in.

This got us thinking about the B2B ingredient sector as a whole. As the demand for more sustainable feed, food, and materials grows, suppliers will be cashing in. Some companies that come to mind are Kingdom Supercultures, Algaia, Tebrito, and further down the line, Future Fields.

This is a web-version of our weekly This Week In Food newsletter. Subscribe below to receive future editions straight to your inbox.

New in Funding

  • 📦 US delivery start-up GoPuff has raised $380 million in funding, as it aims to further accelerate its geographic expansion and product offerings. While the startup has kept a relatively low profile in the media, it’s already available in more than 500 U.S. cities and has raised $1.35 billion in total funding.
  • 🐜 French startup Ÿnsect raised another $224M to commercialise the world’s most high-tech bug colony. Its vertical farms are raising insects for protein, currently used to supply fish farms, but with the eventual potential to be an alternative protein source for humans. Also this week the UK government earmarked $13M for industrial insect farming, so we expect to see a plague of locusts any day now.

Source: Ÿnsect
  • 🛵 San Francisco-based grocery delivery and pickup company Instacart raised another $200M to boost its valuation to $17.7 billion - a 28% increase in valuation since it last raised just 3 months ago.
  • 🌱 The European Circular Bioeconomy Fund raised €82M to sponsor planet-preserving innovation. Its first two investments, in PeelPioneers and Prolupin, are already underway.
  • 📺 Cooler Screens raised $80M in series C funding for its electronic display doors, which can be used to highlight pricing and promotions, or simply as a giant TV for commercials.
  • 🌾 Revol Greens raised another $68M, bringing its total funding to $215M, and plans to build the world’s largest indoor farm.
  • 🍛 Virtual farmer’s market Grubmarket closed $60M series D funding this week. Customers can choose from a range of products from local producers, and even some restaurants and meal kit suppliers, then pick them up or have them delivered.
  • 🍴 Newly renamed Latin American cloud restaurant RobinFood secured $16M in debt funding to add to its $15M series B funding round from October 2019.
  • 💦 US brand Oxigen Water raised $15M in series B funding, including some celebrity investors, to build brand awareness and further scale national distribution.
  • 📱Berlin-based Fastic, one of Europe’s fastest-growing intermittent fasting apps, has announced a seed round of around €4.3 million to push ahead with US expansion.
  • 🍕 Food robotics company Picnic has raised another $3M for its food assembly systems. Its pizza robot can assemble up to 300 pizzas an hour, which is about as many as my kid and her friends can eat.
  • 🥃 Silicon Valley spirits company Bespoken Spirits raised $2.6M this week. It has developed a data-driven process to accelerate the aging of whisky and create specific flavours, and has won many awards despite backlash from artisan producers.
  • 🤖 Australia’s SwarmFarm Robotics raised $3.22M to support business growth for its autonomous agricultural robot systems.
  • 🚚 HWY Haul raised an undisclosed seed round to fund its automation of the food transportation process, designed to reduce food waste and streamline the associated admin.
  • 🇮🇳 Big Ideas Venture and Ashika Group have joined forces to launch India’s first alternative protein investment fund, with support from Good Food Institute India.