New in Funding: from vertical strawberry farming to insect pheromone

New in Funding: from vertical strawberry farming to insect pheromone

By
Nicola Spalding
March 12, 2021

New in Funding

  • 🥡 Takeaway delivery app FoodHub is seeking to raise £100M in private equity funds to accelerate its global expansion plans, having increased its turnover from £3M to £30M since its inception in 2017.
  • 🍓 Vertical strawberry farming startup Oishii secured $50M series A funding to expand its flagship farm, build further strawberry farms in new markets and invest in R&D. The firm claims to have a proprietary approach to pollinating strawberries indoors using bees, inspired by traditional Japanese farming methods, making it able to bring high quality, fresh produce to consumers year-round.
Source: Drew Escriva for Oishii


  • 🐛 Danish insect pheromone company BioPhero closed €14.2M series A funding round to ramp up production of its sustainable insecticides with the mission of replacing as many chemical insecticides as possible.
  • 🚜 AcreTrader secured $12M series A funding for its farmland investment platform, which allows individuals to purchase shares of farmland online in minutes and manages all aspects of farm management, reporting and administration.
  • 👩‍🌾 UK-based Wefarm raised $11M series A funding, bringing its total funding to $32M, to expand its knowledge-sharing platform for small-scale farmers from an SMS-based tool to an online platform.
  • 📈 TradeCafe secured $7.9M to expand its online marketplace for protein commodities, designed to simplify procurement through matching buyers and sellers instantaneously via its platform.
  • 🌾 Canadian plant-based foods firm Nabati Foods raised $7.7M following a year of “explosive growth”, and announced its plans to become a publicly listed company in the near future.
  • ⚡️ London-based online grocery delivery startup Bother raised £4.4M pre-Series A funding for its AI-powered technology aimed at replenishing household supplies before they run out, and saves energy by avoiding delivery via a refrigerated van. 
  • 🍽 Canada’s first 100% plant-based meal kit delivery service Vegano closed $4.2M series A funding, more than double its original target, to expand its operations and accelerate its new product development ahead of the launch of its vegan marketplace in April.
  • 📟 San Francisco-based data infrastructure firm Woflow raised $3.5M seed funding to scale its standardised management platform, which is helping to streamline the food delivery ecosystem through the pandemic.
  • 🧃 New-York based functional beverage startup Cloud Water secured $2.7M seed funding following the launch of its new range of immune-boosting sparkling drinks, and will use the funding to expand its retail and DTC presence.

Source: Cloud Water Brands
  • 🥕 Swedish vertical farming firm Grönska secured $2.4M to further develop its GrowOff cultivation system, which ships pre-seeded trays to grocery stores or restaurants and enables them to track plant growth from a smartphone app, ensuring farm-fresh produce on site. 
  • 🥽 Danish startup Nordetect raised $1.5M seed funding for its ‘lab-on-a-chip’ testing device that can analyze agricultural samples for indoor and vertical farms in a matter of minutes, helping growers maintain the correct levels of nutrients, water and light for greater crop yields.
  • 🍦 Super-premium organic ice cream brand Alec’s Ice Cream raised $1.4M seed funding to expand its West Coast footprint, increase its marketing efforts and build out its team.
  • 🐶 Swedish startup FUNCiFUR closed a SEK7.5M ($0.75M) seed funding round for marketing and product development of its insect protein-based dog food, made from black soldier flies.
  • 🐀 Australian agtech startup RapidAIM secured an undisclosed seven-figure amount of funding to scale up its technology which provides a cost-effective real-time monitoring system for crop pests.


Mergers & Acquisitions:

  • 🚰 Nestlé SA has acquired functional ionized alkaline water brand Essential Water for an undisclosed amount, to reposition its water business for long-term growth.
  • 🥤 Alcohol giant Diageo has acquired Far West Spirits, the owner of Texas-inspired hard seltzer brand Lone River Ranch, to incorporate it in its growing ready-to-drink portfolio.
  • 🍪 Mondelez International Inc. has acquired Australian premium biscuit and cracker company Gourmet Food Holdings Pty Ltd., to accelerate its broader snacking leadership strategy in Australia and New Zealand.


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New in Funding

  • 🥡 Takeaway delivery app FoodHub is seeking to raise £100M in private equity funds to accelerate its global expansion plans, having increased its turnover from £3M to £30M since its inception in 2017.
  • 🍓 Vertical strawberry farming startup Oishii secured $50M series A funding to expand its flagship farm, build further strawberry farms in new markets and invest in R&D. The firm claims to have a proprietary approach to pollinating strawberries indoors using bees, inspired by traditional Japanese farming methods, making it able to bring high quality, fresh produce to consumers year-round.
Source: Drew Escriva for Oishii


  • 🐛 Danish insect pheromone company BioPhero closed €14.2M series A funding round to ramp up production of its sustainable insecticides with the mission of replacing as many chemical insecticides as possible.
  • 🚜 AcreTrader secured $12M series A funding for its farmland investment platform, which allows individuals to purchase shares of farmland online in minutes and manages all aspects of farm management, reporting and administration.
  • 👩‍🌾 UK-based Wefarm raised $11M series A funding, bringing its total funding to $32M, to expand its knowledge-sharing platform for small-scale farmers from an SMS-based tool to an online platform.
  • 📈 TradeCafe secured $7.9M to expand its online marketplace for protein commodities, designed to simplify procurement through matching buyers and sellers instantaneously via its platform.
  • 🌾 Canadian plant-based foods firm Nabati Foods raised $7.7M following a year of “explosive growth”, and announced its plans to become a publicly listed company in the near future.
  • ⚡️ London-based online grocery delivery startup Bother raised £4.4M pre-Series A funding for its AI-powered technology aimed at replenishing household supplies before they run out, and saves energy by avoiding delivery via a refrigerated van. 
  • 🍽 Canada’s first 100% plant-based meal kit delivery service Vegano closed $4.2M series A funding, more than double its original target, to expand its operations and accelerate its new product development ahead of the launch of its vegan marketplace in April.
  • 📟 San Francisco-based data infrastructure firm Woflow raised $3.5M seed funding to scale its standardised management platform, which is helping to streamline the food delivery ecosystem through the pandemic.
  • 🧃 New-York based functional beverage startup Cloud Water secured $2.7M seed funding following the launch of its new range of immune-boosting sparkling drinks, and will use the funding to expand its retail and DTC presence.

Source: Cloud Water Brands
  • 🥕 Swedish vertical farming firm Grönska secured $2.4M to further develop its GrowOff cultivation system, which ships pre-seeded trays to grocery stores or restaurants and enables them to track plant growth from a smartphone app, ensuring farm-fresh produce on site. 
  • 🥽 Danish startup Nordetect raised $1.5M seed funding for its ‘lab-on-a-chip’ testing device that can analyze agricultural samples for indoor and vertical farms in a matter of minutes, helping growers maintain the correct levels of nutrients, water and light for greater crop yields.
  • 🍦 Super-premium organic ice cream brand Alec’s Ice Cream raised $1.4M seed funding to expand its West Coast footprint, increase its marketing efforts and build out its team.
  • 🐶 Swedish startup FUNCiFUR closed a SEK7.5M ($0.75M) seed funding round for marketing and product development of its insect protein-based dog food, made from black soldier flies.
  • 🐀 Australian agtech startup RapidAIM secured an undisclosed seven-figure amount of funding to scale up its technology which provides a cost-effective real-time monitoring system for crop pests.


Mergers & Acquisitions:

  • 🚰 Nestlé SA has acquired functional ionized alkaline water brand Essential Water for an undisclosed amount, to reposition its water business for long-term growth.
  • 🥤 Alcohol giant Diageo has acquired Far West Spirits, the owner of Texas-inspired hard seltzer brand Lone River Ranch, to incorporate it in its growing ready-to-drink portfolio.
  • 🍪 Mondelez International Inc. has acquired Australian premium biscuit and cracker company Gourmet Food Holdings Pty Ltd., to accelerate its broader snacking leadership strategy in Australia and New Zealand.


New in Funding

  • 🥡 Takeaway delivery app FoodHub is seeking to raise £100M in private equity funds to accelerate its global expansion plans, having increased its turnover from £3M to £30M since its inception in 2017.
  • 🍓 Vertical strawberry farming startup Oishii secured $50M series A funding to expand its flagship farm, build further strawberry farms in new markets and invest in R&D. The firm claims to have a proprietary approach to pollinating strawberries indoors using bees, inspired by traditional Japanese farming methods, making it able to bring high quality, fresh produce to consumers year-round.
Source: Drew Escriva for Oishii


  • 🐛 Danish insect pheromone company BioPhero closed €14.2M series A funding round to ramp up production of its sustainable insecticides with the mission of replacing as many chemical insecticides as possible.
  • 🚜 AcreTrader secured $12M series A funding for its farmland investment platform, which allows individuals to purchase shares of farmland online in minutes and manages all aspects of farm management, reporting and administration.
  • 👩‍🌾 UK-based Wefarm raised $11M series A funding, bringing its total funding to $32M, to expand its knowledge-sharing platform for small-scale farmers from an SMS-based tool to an online platform.
  • 📈 TradeCafe secured $7.9M to expand its online marketplace for protein commodities, designed to simplify procurement through matching buyers and sellers instantaneously via its platform.
  • 🌾 Canadian plant-based foods firm Nabati Foods raised $7.7M following a year of “explosive growth”, and announced its plans to become a publicly listed company in the near future.
  • ⚡️ London-based online grocery delivery startup Bother raised £4.4M pre-Series A funding for its AI-powered technology aimed at replenishing household supplies before they run out, and saves energy by avoiding delivery via a refrigerated van. 
  • 🍽 Canada’s first 100% plant-based meal kit delivery service Vegano closed $4.2M series A funding, more than double its original target, to expand its operations and accelerate its new product development ahead of the launch of its vegan marketplace in April.
  • 📟 San Francisco-based data infrastructure firm Woflow raised $3.5M seed funding to scale its standardised management platform, which is helping to streamline the food delivery ecosystem through the pandemic.
  • 🧃 New-York based functional beverage startup Cloud Water secured $2.7M seed funding following the launch of its new range of immune-boosting sparkling drinks, and will use the funding to expand its retail and DTC presence.

Source: Cloud Water Brands
  • 🥕 Swedish vertical farming firm Grönska secured $2.4M to further develop its GrowOff cultivation system, which ships pre-seeded trays to grocery stores or restaurants and enables them to track plant growth from a smartphone app, ensuring farm-fresh produce on site. 
  • 🥽 Danish startup Nordetect raised $1.5M seed funding for its ‘lab-on-a-chip’ testing device that can analyze agricultural samples for indoor and vertical farms in a matter of minutes, helping growers maintain the correct levels of nutrients, water and light for greater crop yields.
  • 🍦 Super-premium organic ice cream brand Alec’s Ice Cream raised $1.4M seed funding to expand its West Coast footprint, increase its marketing efforts and build out its team.
  • 🐶 Swedish startup FUNCiFUR closed a SEK7.5M ($0.75M) seed funding round for marketing and product development of its insect protein-based dog food, made from black soldier flies.
  • 🐀 Australian agtech startup RapidAIM secured an undisclosed seven-figure amount of funding to scale up its technology which provides a cost-effective real-time monitoring system for crop pests.


Mergers & Acquisitions:

  • 🚰 Nestlé SA has acquired functional ionized alkaline water brand Essential Water for an undisclosed amount, to reposition its water business for long-term growth.
  • 🥤 Alcohol giant Diageo has acquired Far West Spirits, the owner of Texas-inspired hard seltzer brand Lone River Ranch, to incorporate it in its growing ready-to-drink portfolio.
  • 🍪 Mondelez International Inc. has acquired Australian premium biscuit and cracker company Gourmet Food Holdings Pty Ltd., to accelerate its broader snacking leadership strategy in Australia and New Zealand.


New in Funding

  • 🥡 Takeaway delivery app FoodHub is seeking to raise £100M in private equity funds to accelerate its global expansion plans, having increased its turnover from £3M to £30M since its inception in 2017.
  • 🍓 Vertical strawberry farming startup Oishii secured $50M series A funding to expand its flagship farm, build further strawberry farms in new markets and invest in R&D. The firm claims to have a proprietary approach to pollinating strawberries indoors using bees, inspired by traditional Japanese farming methods, making it able to bring high quality, fresh produce to consumers year-round.
Source: Drew Escriva for Oishii


  • 🐛 Danish insect pheromone company BioPhero closed €14.2M series A funding round to ramp up production of its sustainable insecticides with the mission of replacing as many chemical insecticides as possible.
  • 🚜 AcreTrader secured $12M series A funding for its farmland investment platform, which allows individuals to purchase shares of farmland online in minutes and manages all aspects of farm management, reporting and administration.
  • 👩‍🌾 UK-based Wefarm raised $11M series A funding, bringing its total funding to $32M, to expand its knowledge-sharing platform for small-scale farmers from an SMS-based tool to an online platform.
  • 📈 TradeCafe secured $7.9M to expand its online marketplace for protein commodities, designed to simplify procurement through matching buyers and sellers instantaneously via its platform.
  • 🌾 Canadian plant-based foods firm Nabati Foods raised $7.7M following a year of “explosive growth”, and announced its plans to become a publicly listed company in the near future.
  • ⚡️ London-based online grocery delivery startup Bother raised £4.4M pre-Series A funding for its AI-powered technology aimed at replenishing household supplies before they run out, and saves energy by avoiding delivery via a refrigerated van. 
  • 🍽 Canada’s first 100% plant-based meal kit delivery service Vegano closed $4.2M series A funding, more than double its original target, to expand its operations and accelerate its new product development ahead of the launch of its vegan marketplace in April.
  • 📟 San Francisco-based data infrastructure firm Woflow raised $3.5M seed funding to scale its standardised management platform, which is helping to streamline the food delivery ecosystem through the pandemic.
  • 🧃 New-York based functional beverage startup Cloud Water secured $2.7M seed funding following the launch of its new range of immune-boosting sparkling drinks, and will use the funding to expand its retail and DTC presence.

Source: Cloud Water Brands
  • 🥕 Swedish vertical farming firm Grönska secured $2.4M to further develop its GrowOff cultivation system, which ships pre-seeded trays to grocery stores or restaurants and enables them to track plant growth from a smartphone app, ensuring farm-fresh produce on site. 
  • 🥽 Danish startup Nordetect raised $1.5M seed funding for its ‘lab-on-a-chip’ testing device that can analyze agricultural samples for indoor and vertical farms in a matter of minutes, helping growers maintain the correct levels of nutrients, water and light for greater crop yields.
  • 🍦 Super-premium organic ice cream brand Alec’s Ice Cream raised $1.4M seed funding to expand its West Coast footprint, increase its marketing efforts and build out its team.
  • 🐶 Swedish startup FUNCiFUR closed a SEK7.5M ($0.75M) seed funding round for marketing and product development of its insect protein-based dog food, made from black soldier flies.
  • 🐀 Australian agtech startup RapidAIM secured an undisclosed seven-figure amount of funding to scale up its technology which provides a cost-effective real-time monitoring system for crop pests.


Mergers & Acquisitions:

  • 🚰 Nestlé SA has acquired functional ionized alkaline water brand Essential Water for an undisclosed amount, to reposition its water business for long-term growth.
  • 🥤 Alcohol giant Diageo has acquired Far West Spirits, the owner of Texas-inspired hard seltzer brand Lone River Ranch, to incorporate it in its growing ready-to-drink portfolio.
  • 🍪 Mondelez International Inc. has acquired Australian premium biscuit and cracker company Gourmet Food Holdings Pty Ltd., to accelerate its broader snacking leadership strategy in Australia and New Zealand.


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