New in Funding: NICK’s sweet $100M Series C & Daring clucks another $65M

New in Funding: NICK’s sweet $100M Series C & Daring clucks another $65M

By
Nicola Spalding
October 29, 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.

New in Food/Climate Funds:

  • Bread & Butter announced Fund III, which is $27M to support seed stage startups within foodtech, healthtech and enterprise SaaS. Its invested in 47 companies since 2017, and early investments for this fund include Milk Moovement, creator of a “cloud-based ERP system for the dairy industry”.
  • Nordic FoodTech, which is the first food tech-focused early-stage VC in the region, closed its first fund with €42M. It has backed six startups to date, including Danish food tech Chromologics, which makes sustainable food colourants via fermentation technology, and Swedish startup Melt&Marble which is making sustainable animal-free fats from microbes.
  • This week saw the launch of World Fund, a €350M fund to support entrepreneurs “building climate technology for a regenerative world”, from seed to Series B, including disruptive chocolate startup QOA.

New in FoodTech Funding:

🤖 Fabric raised $200M Series C funding, putting its valuation at $1 billion and hitting what it dubs ‘robocorn’ status. Previously known as Common Sense Robotics, it works with large online grocers and retailers such as Walmart and Instacart to develop robotic micro-fulfillment solutions.


🥕 GrubMarket closed $145M Series E funding and hit unicorn status. The online fresh produce marketplace already operates 40 distribution warehouses across North America and plans to further extend its ecommerce reach.

👨‍🌾 US-based indoor farming company Shenandoah Growers, first established in 1989, rebranded as Soli Organic and secured $120M funding. It currently has 35% of the market for herbs and operates seven vertical “BioFarms” with plans to build eight more.

🇮🇳  Indian agricultural marketplace DeHaat secured $115M Series D funding, marking the country’s largest-ever agtech round. Its platform links smallholder farmers across India with input vendors, agronomists, distributors, financing options, and other service providers. 

🇸🇪 Swedish better-for-you snack company N!CK’S raised $100M Series C funding, bringing its total raised to $160M. It plans to double its stores in the US and Europe and double down on its R&D.

🐓 US alt-meat brand, Daring Foods closed $65M Series C funding, marking its third round in just 12 months and $120M raised to date, and is launching its plant-based chicken products into 3,000 Walmart stores in the US.

🌱 The UAE’s Pure Harvest Smart Farms, which currently operates three indoor farming facilities with another two under construction, secured $64.5M and announced a joint venture with PlanTFarm, a South Korean provider of tech solutions to the vertical farming industry.

🚜 Aussie decarbonisation startup Loam Bio closed A$40M Series A funding for its microbial crop seed coating which stores carbon in soil whilst also boosting soil health and crop yields.

🍄 Californian food tech Shiru raised $17M Series A funding to scale up its plant-based ingredients, which are made via precision fermentation to replicate animal-based proteins.

🍫 Germany’s QOA, whose mission to disrupt the $208 billion global chocolate industry started in March this year, secured $6M seed funding to build its first pilot production facility in Munich and bring its first product to market in 2022.

🥛 US-based Neutral Foods closed $4M seed funding to support its carbon-neutral mission. It works with dairy farmers to implement carbon reduction strategies through production of its Neutral Milk, which is about to be rolled out across 500 Whole Foods stores nationally.

🧫 California Cultured secured $4M in a future equity round to fund further R&D of its cell-based cocoa products and ingredients, grown directly from cocoa cells. The tech ensures “true, premium chocolate”, and should “support stabilising production of cocoa in the future.”

🛒 Greek startup Pop Market raised $3.5M seed funding, which it claims is the country’s largest seed round to date. It plans to push its on-demand grocery model, which promises delivery in just 15 minutes, in a country where it says online grocery shopping remains largely untapped.

🍩 UK-based healthier doughnut brand Urban Legend, just launched by former Graze CEO Anthony Fletcher, secured £3M seed funding for its junk-free junk food. The doughnuts are described as “reasonable indulgence”, as they come in at 160 calories each, and half the fat and sugar of rival products.

🍣 US-based and Female-led food tech Aqua Cultured Foods raised $2.1M pre-seed funding, marking the largest ever pre-seed round in alternative seafood. The startup produces whole-muscle, sushi-quality fillets via fermentation.

🎣 Finnish startup eniferBio received a €1.2M BlueInvest Grant from the European Maritime and Fisheries Fund to support commercialisation of its aquafeed mycoprotein ingredient PEKILO®.

🌱 WTH Foods, which creates plant-based Filipino dishes, secured $1.2M seed funding, launched an R&D facility and a new line of products, Unami, which features plant-based versions of popular Asian meats.

🍗 UK-based Plant Alternative, the startup behind Indian chef-made vegan meals brand Shicken, scored investment from prominent plant-based investor Veg Capital to scale up its operations and support its planned UK retail launch.

🚲 German startup Alpakas came out of stealth and announced a round of investment for its zero waste grocery delivery service which offers organic foods in reusable containers and climate-friendly same-day delivery.

Funds:

  • Bread & Butter announced Fund III, which is $27M to support seed stage startups within foodtech, healthtech and enterprise SaaS. Its invested in 47 companies since 2017, and early investments for this fund include Milk Moovement, creator of a “cloud-based ERP system for the dairy industry”.
  • Nordic FoodTech, which is the first food tech-focused early-stage VC in the region, closed its first fund with €42M. It has backed six startups to date, including Danish food tech Chromologics, which makes sustainable food colourants via fermentation technology, and Swedish startup Melt&Marble which is making sustainable animal-free fats from microbes.

This week saw the launch of World Fund, a €350M fund to support entrepreneurs “building climate technology for a regenerative world”, from seed to Series B, including disruptive chocolate startup QOA.

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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.

New in Food/Climate Funds:

  • Bread & Butter announced Fund III, which is $27M to support seed stage startups within foodtech, healthtech and enterprise SaaS. Its invested in 47 companies since 2017, and early investments for this fund include Milk Moovement, creator of a “cloud-based ERP system for the dairy industry”.
  • Nordic FoodTech, which is the first food tech-focused early-stage VC in the region, closed its first fund with €42M. It has backed six startups to date, including Danish food tech Chromologics, which makes sustainable food colourants via fermentation technology, and Swedish startup Melt&Marble which is making sustainable animal-free fats from microbes.
  • This week saw the launch of World Fund, a €350M fund to support entrepreneurs “building climate technology for a regenerative world”, from seed to Series B, including disruptive chocolate startup QOA.

New in FoodTech Funding:

🤖 Fabric raised $200M Series C funding, putting its valuation at $1 billion and hitting what it dubs ‘robocorn’ status. Previously known as Common Sense Robotics, it works with large online grocers and retailers such as Walmart and Instacart to develop robotic micro-fulfillment solutions.


🥕 GrubMarket closed $145M Series E funding and hit unicorn status. The online fresh produce marketplace already operates 40 distribution warehouses across North America and plans to further extend its ecommerce reach.

👨‍🌾 US-based indoor farming company Shenandoah Growers, first established in 1989, rebranded as Soli Organic and secured $120M funding. It currently has 35% of the market for herbs and operates seven vertical “BioFarms” with plans to build eight more.

🇮🇳  Indian agricultural marketplace DeHaat secured $115M Series D funding, marking the country’s largest-ever agtech round. Its platform links smallholder farmers across India with input vendors, agronomists, distributors, financing options, and other service providers. 

🇸🇪 Swedish better-for-you snack company N!CK’S raised $100M Series C funding, bringing its total raised to $160M. It plans to double its stores in the US and Europe and double down on its R&D.

🐓 US alt-meat brand, Daring Foods closed $65M Series C funding, marking its third round in just 12 months and $120M raised to date, and is launching its plant-based chicken products into 3,000 Walmart stores in the US.

🌱 The UAE’s Pure Harvest Smart Farms, which currently operates three indoor farming facilities with another two under construction, secured $64.5M and announced a joint venture with PlanTFarm, a South Korean provider of tech solutions to the vertical farming industry.

🚜 Aussie decarbonisation startup Loam Bio closed A$40M Series A funding for its microbial crop seed coating which stores carbon in soil whilst also boosting soil health and crop yields.

🍄 Californian food tech Shiru raised $17M Series A funding to scale up its plant-based ingredients, which are made via precision fermentation to replicate animal-based proteins.

🍫 Germany’s QOA, whose mission to disrupt the $208 billion global chocolate industry started in March this year, secured $6M seed funding to build its first pilot production facility in Munich and bring its first product to market in 2022.

🥛 US-based Neutral Foods closed $4M seed funding to support its carbon-neutral mission. It works with dairy farmers to implement carbon reduction strategies through production of its Neutral Milk, which is about to be rolled out across 500 Whole Foods stores nationally.

🧫 California Cultured secured $4M in a future equity round to fund further R&D of its cell-based cocoa products and ingredients, grown directly from cocoa cells. The tech ensures “true, premium chocolate”, and should “support stabilising production of cocoa in the future.”

🛒 Greek startup Pop Market raised $3.5M seed funding, which it claims is the country’s largest seed round to date. It plans to push its on-demand grocery model, which promises delivery in just 15 minutes, in a country where it says online grocery shopping remains largely untapped.

🍩 UK-based healthier doughnut brand Urban Legend, just launched by former Graze CEO Anthony Fletcher, secured £3M seed funding for its junk-free junk food. The doughnuts are described as “reasonable indulgence”, as they come in at 160 calories each, and half the fat and sugar of rival products.

🍣 US-based and Female-led food tech Aqua Cultured Foods raised $2.1M pre-seed funding, marking the largest ever pre-seed round in alternative seafood. The startup produces whole-muscle, sushi-quality fillets via fermentation.

🎣 Finnish startup eniferBio received a €1.2M BlueInvest Grant from the European Maritime and Fisheries Fund to support commercialisation of its aquafeed mycoprotein ingredient PEKILO®.

🌱 WTH Foods, which creates plant-based Filipino dishes, secured $1.2M seed funding, launched an R&D facility and a new line of products, Unami, which features plant-based versions of popular Asian meats.

🍗 UK-based Plant Alternative, the startup behind Indian chef-made vegan meals brand Shicken, scored investment from prominent plant-based investor Veg Capital to scale up its operations and support its planned UK retail launch.

🚲 German startup Alpakas came out of stealth and announced a round of investment for its zero waste grocery delivery service which offers organic foods in reusable containers and climate-friendly same-day delivery.

Funds:

  • Bread & Butter announced Fund III, which is $27M to support seed stage startups within foodtech, healthtech and enterprise SaaS. Its invested in 47 companies since 2017, and early investments for this fund include Milk Moovement, creator of a “cloud-based ERP system for the dairy industry”.
  • Nordic FoodTech, which is the first food tech-focused early-stage VC in the region, closed its first fund with €42M. It has backed six startups to date, including Danish food tech Chromologics, which makes sustainable food colourants via fermentation technology, and Swedish startup Melt&Marble which is making sustainable animal-free fats from microbes.

This week saw the launch of World Fund, a €350M fund to support entrepreneurs “building climate technology for a regenerative world”, from seed to Series B, including disruptive chocolate startup QOA.

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

New in Food/Climate Funds:

  • Bread & Butter announced Fund III, which is $27M to support seed stage startups within foodtech, healthtech and enterprise SaaS. Its invested in 47 companies since 2017, and early investments for this fund include Milk Moovement, creator of a “cloud-based ERP system for the dairy industry”.
  • Nordic FoodTech, which is the first food tech-focused early-stage VC in the region, closed its first fund with €42M. It has backed six startups to date, including Danish food tech Chromologics, which makes sustainable food colourants via fermentation technology, and Swedish startup Melt&Marble which is making sustainable animal-free fats from microbes.
  • This week saw the launch of World Fund, a €350M fund to support entrepreneurs “building climate technology for a regenerative world”, from seed to Series B, including disruptive chocolate startup QOA.

New in FoodTech Funding:

🤖 Fabric raised $200M Series C funding, putting its valuation at $1 billion and hitting what it dubs ‘robocorn’ status. Previously known as Common Sense Robotics, it works with large online grocers and retailers such as Walmart and Instacart to develop robotic micro-fulfillment solutions.


🥕 GrubMarket closed $145M Series E funding and hit unicorn status. The online fresh produce marketplace already operates 40 distribution warehouses across North America and plans to further extend its ecommerce reach.

👨‍🌾 US-based indoor farming company Shenandoah Growers, first established in 1989, rebranded as Soli Organic and secured $120M funding. It currently has 35% of the market for herbs and operates seven vertical “BioFarms” with plans to build eight more.

🇮🇳  Indian agricultural marketplace DeHaat secured $115M Series D funding, marking the country’s largest-ever agtech round. Its platform links smallholder farmers across India with input vendors, agronomists, distributors, financing options, and other service providers. 

🇸🇪 Swedish better-for-you snack company N!CK’S raised $100M Series C funding, bringing its total raised to $160M. It plans to double its stores in the US and Europe and double down on its R&D.

🐓 US alt-meat brand, Daring Foods closed $65M Series C funding, marking its third round in just 12 months and $120M raised to date, and is launching its plant-based chicken products into 3,000 Walmart stores in the US.

🌱 The UAE’s Pure Harvest Smart Farms, which currently operates three indoor farming facilities with another two under construction, secured $64.5M and announced a joint venture with PlanTFarm, a South Korean provider of tech solutions to the vertical farming industry.

🚜 Aussie decarbonisation startup Loam Bio closed A$40M Series A funding for its microbial crop seed coating which stores carbon in soil whilst also boosting soil health and crop yields.

🍄 Californian food tech Shiru raised $17M Series A funding to scale up its plant-based ingredients, which are made via precision fermentation to replicate animal-based proteins.

🍫 Germany’s QOA, whose mission to disrupt the $208 billion global chocolate industry started in March this year, secured $6M seed funding to build its first pilot production facility in Munich and bring its first product to market in 2022.

🥛 US-based Neutral Foods closed $4M seed funding to support its carbon-neutral mission. It works with dairy farmers to implement carbon reduction strategies through production of its Neutral Milk, which is about to be rolled out across 500 Whole Foods stores nationally.

🧫 California Cultured secured $4M in a future equity round to fund further R&D of its cell-based cocoa products and ingredients, grown directly from cocoa cells. The tech ensures “true, premium chocolate”, and should “support stabilising production of cocoa in the future.”

🛒 Greek startup Pop Market raised $3.5M seed funding, which it claims is the country’s largest seed round to date. It plans to push its on-demand grocery model, which promises delivery in just 15 minutes, in a country where it says online grocery shopping remains largely untapped.

🍩 UK-based healthier doughnut brand Urban Legend, just launched by former Graze CEO Anthony Fletcher, secured £3M seed funding for its junk-free junk food. The doughnuts are described as “reasonable indulgence”, as they come in at 160 calories each, and half the fat and sugar of rival products.

🍣 US-based and Female-led food tech Aqua Cultured Foods raised $2.1M pre-seed funding, marking the largest ever pre-seed round in alternative seafood. The startup produces whole-muscle, sushi-quality fillets via fermentation.

🎣 Finnish startup eniferBio received a €1.2M BlueInvest Grant from the European Maritime and Fisheries Fund to support commercialisation of its aquafeed mycoprotein ingredient PEKILO®.

🌱 WTH Foods, which creates plant-based Filipino dishes, secured $1.2M seed funding, launched an R&D facility and a new line of products, Unami, which features plant-based versions of popular Asian meats.

🍗 UK-based Plant Alternative, the startup behind Indian chef-made vegan meals brand Shicken, scored investment from prominent plant-based investor Veg Capital to scale up its operations and support its planned UK retail launch.

🚲 German startup Alpakas came out of stealth and announced a round of investment for its zero waste grocery delivery service which offers organic foods in reusable containers and climate-friendly same-day delivery.

Funds:

  • Bread & Butter announced Fund III, which is $27M to support seed stage startups within foodtech, healthtech and enterprise SaaS. Its invested in 47 companies since 2017, and early investments for this fund include Milk Moovement, creator of a “cloud-based ERP system for the dairy industry”.
  • Nordic FoodTech, which is the first food tech-focused early-stage VC in the region, closed its first fund with €42M. It has backed six startups to date, including Danish food tech Chromologics, which makes sustainable food colourants via fermentation technology, and Swedish startup Melt&Marble which is making sustainable animal-free fats from microbes.

This week saw the launch of World Fund, a €350M fund to support entrepreneurs “building climate technology for a regenerative world”, from seed to Series B, including disruptive chocolate startup QOA.

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

New in Food/Climate Funds:

  • Bread & Butter announced Fund III, which is $27M to support seed stage startups within foodtech, healthtech and enterprise SaaS. Its invested in 47 companies since 2017, and early investments for this fund include Milk Moovement, creator of a “cloud-based ERP system for the dairy industry”.
  • Nordic FoodTech, which is the first food tech-focused early-stage VC in the region, closed its first fund with €42M. It has backed six startups to date, including Danish food tech Chromologics, which makes sustainable food colourants via fermentation technology, and Swedish startup Melt&Marble which is making sustainable animal-free fats from microbes.
  • This week saw the launch of World Fund, a €350M fund to support entrepreneurs “building climate technology for a regenerative world”, from seed to Series B, including disruptive chocolate startup QOA.

New in FoodTech Funding:

🤖 Fabric raised $200M Series C funding, putting its valuation at $1 billion and hitting what it dubs ‘robocorn’ status. Previously known as Common Sense Robotics, it works with large online grocers and retailers such as Walmart and Instacart to develop robotic micro-fulfillment solutions.


🥕 GrubMarket closed $145M Series E funding and hit unicorn status. The online fresh produce marketplace already operates 40 distribution warehouses across North America and plans to further extend its ecommerce reach.

👨‍🌾 US-based indoor farming company Shenandoah Growers, first established in 1989, rebranded as Soli Organic and secured $120M funding. It currently has 35% of the market for herbs and operates seven vertical “BioFarms” with plans to build eight more.

🇮🇳  Indian agricultural marketplace DeHaat secured $115M Series D funding, marking the country’s largest-ever agtech round. Its platform links smallholder farmers across India with input vendors, agronomists, distributors, financing options, and other service providers. 

🇸🇪 Swedish better-for-you snack company N!CK’S raised $100M Series C funding, bringing its total raised to $160M. It plans to double its stores in the US and Europe and double down on its R&D.

🐓 US alt-meat brand, Daring Foods closed $65M Series C funding, marking its third round in just 12 months and $120M raised to date, and is launching its plant-based chicken products into 3,000 Walmart stores in the US.

🌱 The UAE’s Pure Harvest Smart Farms, which currently operates three indoor farming facilities with another two under construction, secured $64.5M and announced a joint venture with PlanTFarm, a South Korean provider of tech solutions to the vertical farming industry.

🚜 Aussie decarbonisation startup Loam Bio closed A$40M Series A funding for its microbial crop seed coating which stores carbon in soil whilst also boosting soil health and crop yields.

🍄 Californian food tech Shiru raised $17M Series A funding to scale up its plant-based ingredients, which are made via precision fermentation to replicate animal-based proteins.

🍫 Germany’s QOA, whose mission to disrupt the $208 billion global chocolate industry started in March this year, secured $6M seed funding to build its first pilot production facility in Munich and bring its first product to market in 2022.

🥛 US-based Neutral Foods closed $4M seed funding to support its carbon-neutral mission. It works with dairy farmers to implement carbon reduction strategies through production of its Neutral Milk, which is about to be rolled out across 500 Whole Foods stores nationally.

🧫 California Cultured secured $4M in a future equity round to fund further R&D of its cell-based cocoa products and ingredients, grown directly from cocoa cells. The tech ensures “true, premium chocolate”, and should “support stabilising production of cocoa in the future.”

🛒 Greek startup Pop Market raised $3.5M seed funding, which it claims is the country’s largest seed round to date. It plans to push its on-demand grocery model, which promises delivery in just 15 minutes, in a country where it says online grocery shopping remains largely untapped.

🍩 UK-based healthier doughnut brand Urban Legend, just launched by former Graze CEO Anthony Fletcher, secured £3M seed funding for its junk-free junk food. The doughnuts are described as “reasonable indulgence”, as they come in at 160 calories each, and half the fat and sugar of rival products.

🍣 US-based and Female-led food tech Aqua Cultured Foods raised $2.1M pre-seed funding, marking the largest ever pre-seed round in alternative seafood. The startup produces whole-muscle, sushi-quality fillets via fermentation.

🎣 Finnish startup eniferBio received a €1.2M BlueInvest Grant from the European Maritime and Fisheries Fund to support commercialisation of its aquafeed mycoprotein ingredient PEKILO®.

🌱 WTH Foods, which creates plant-based Filipino dishes, secured $1.2M seed funding, launched an R&D facility and a new line of products, Unami, which features plant-based versions of popular Asian meats.

🍗 UK-based Plant Alternative, the startup behind Indian chef-made vegan meals brand Shicken, scored investment from prominent plant-based investor Veg Capital to scale up its operations and support its planned UK retail launch.

🚲 German startup Alpakas came out of stealth and announced a round of investment for its zero waste grocery delivery service which offers organic foods in reusable containers and climate-friendly same-day delivery.

Funds:

  • Bread & Butter announced Fund III, which is $27M to support seed stage startups within foodtech, healthtech and enterprise SaaS. Its invested in 47 companies since 2017, and early investments for this fund include Milk Moovement, creator of a “cloud-based ERP system for the dairy industry”.
  • Nordic FoodTech, which is the first food tech-focused early-stage VC in the region, closed its first fund with €42M. It has backed six startups to date, including Danish food tech Chromologics, which makes sustainable food colourants via fermentation technology, and Swedish startup Melt&Marble which is making sustainable animal-free fats from microbes.

This week saw the launch of World Fund, a €350M fund to support entrepreneurs “building climate technology for a regenerative world”, from seed to Series B, including disruptive chocolate startup QOA.

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