New in Funding: NotCo reaches unicorn status, plus 18 more foodtech rounds

New in Funding: NotCo reaches unicorn status, plus 18 more foodtech rounds

By
Nicola Spalding
July 30, 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.


πŸ‡¨πŸ‡± Chilean alternative protein food tech NotCo raised $235M Series D funding and gained its unicorn horn with a valuation of $1.5B. It uses a proprietary AI platform to create new plant-based dairy, egg and meat alternatives

πŸ’‘ AppHarvest scored a $91M construction loan from Equilibrium Capital to support its goal of building out 12 high-tech indoor farming facilities, which will use a mix of hydroponics, sensors, supplemental LED lighting, automation and AI as well as natural inputs like sunlight and rainwater to grow produce, by 2025.

Source: HappyFresh

πŸ›’ Indonesian on-demand grocery app HappyFresh, the first of its kind to launch in Southeast Asia, secured $65M Series D funding to further scale its operations.

🍼 Baby nutrition company ByHeart closed $90M Series B funding to accelerate commercialisation of its infant formula, which it claims is the first to include a breastfed reference arm in its clinical trials.

πŸ₯• Colombian on-demand grocery delivery service Merqueo raised $50M Series C funding to expand its operations across Latin America. It sources directly from large brands and local suppliers to deliver to consumers directly from its dark store network.Β 

β˜•οΈ Spinn secured $20M in new funding for its connected coffee machine, which uses centrifugal force to spin coffee grounds for extraction, which the company says gives a more nuanced and flavourful cup of coffee than pressing.

Source: ConverseNow

β€πŸ—£ ConverseNow closed $15M Series A funding to automate drive-thru and restaurant order taking via its AI voice-based ordering assistants, dubbed George and Becky.

πŸ•΅οΈβ€β™€οΈ Indian clean label food producer The Whole Truth, which claims to be the only brand in the country to list every ingredient that goes into its products, raised $6M Series A funding to expand its portfolio and manufacturing capabilities in line with growing demand.

🧊 Frizata raised $5M Series A funding to support its U.S. expansion. The startup is a direct-to-consumer frozen food tech specialist, delivering  a portfolio of over 70 products that includes frozen fruits, vegetables, appetisers and a proprietary line of meat-free items.

Source: NovoNutrients

‍⛽️ NovoNutrients raised $4.7M for its air protein product, made from captured CO2 emissions from oil, gas and cement-related plants. The brand says its protein can improve the amino acid profile of food products, and can be used in meat analogues as well as animal feeds.

πŸ§€ Australian startup Eden Brew secured $4M from the CSIRO’s venture arm, Main Sequence, and northern NSW dairy cooperative Norco, to make dairy products via fermentation, with ambitions of bringing its first products to market within 18 months.

🌱 Singapore-based Hoow Foods raised $3M pre-Series A funding for its smart platform which uses AI and machine learning to reformulate indulgent foods with plant-based ingredients to make them more nutritious.

Source: Small Robot Company

β€πŸ€– Small Robot Co. launched another equity crowdfunding campaign this week and has already hit its goal of raising Β£2M, bringing its total funding raised to Β£9M. The startup uses a combination of robots and AI to automate certain agricultural needs, such as weed identification.Β 

🦠 The University of Glasgow received £1M from the UK National Institute for Health Research to research diet interventions to hopefully improve symptoms of long COVID-19 and Type-2 diabetes.

Source: Planty

πŸ‘¨πŸ³ UK-based Planty raised almost Β£540K via crowdfunding platform Crowdcube, including support from Veg Capital, for its chef-crafted plant-based meal delivery service.

🐜 British sustainable insect snack startup Small Giants closed €470k, far exceeding its initial target of €295k, to bring insect-based snacks to the mainstream.

πŸ‡«πŸ‡· Coco Bakery Inc., a North American firm which makes French macarons and premium sweet treats for retail and food service, secured undisclosed investment from Bond Bakery Brands Ltd. to support its next phase of growth.

πŸ’° Indian plant-based pioneer GoodDot has raised undisclosed funding from Sixth Sense Ventures, marking the first VC investment in the space in the country.

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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.


πŸ‡¨πŸ‡± Chilean alternative protein food tech NotCo raised $235M Series D funding and gained its unicorn horn with a valuation of $1.5B. It uses a proprietary AI platform to create new plant-based dairy, egg and meat alternatives

πŸ’‘ AppHarvest scored a $91M construction loan from Equilibrium Capital to support its goal of building out 12 high-tech indoor farming facilities, which will use a mix of hydroponics, sensors, supplemental LED lighting, automation and AI as well as natural inputs like sunlight and rainwater to grow produce, by 2025.

Source: HappyFresh

πŸ›’ Indonesian on-demand grocery app HappyFresh, the first of its kind to launch in Southeast Asia, secured $65M Series D funding to further scale its operations.

🍼 Baby nutrition company ByHeart closed $90M Series B funding to accelerate commercialisation of its infant formula, which it claims is the first to include a breastfed reference arm in its clinical trials.

πŸ₯• Colombian on-demand grocery delivery service Merqueo raised $50M Series C funding to expand its operations across Latin America. It sources directly from large brands and local suppliers to deliver to consumers directly from its dark store network.Β 

β˜•οΈ Spinn secured $20M in new funding for its connected coffee machine, which uses centrifugal force to spin coffee grounds for extraction, which the company says gives a more nuanced and flavourful cup of coffee than pressing.

Source: ConverseNow

β€πŸ—£ ConverseNow closed $15M Series A funding to automate drive-thru and restaurant order taking via its AI voice-based ordering assistants, dubbed George and Becky.

πŸ•΅οΈβ€β™€οΈ Indian clean label food producer The Whole Truth, which claims to be the only brand in the country to list every ingredient that goes into its products, raised $6M Series A funding to expand its portfolio and manufacturing capabilities in line with growing demand.

🧊 Frizata raised $5M Series A funding to support its U.S. expansion. The startup is a direct-to-consumer frozen food tech specialist, delivering  a portfolio of over 70 products that includes frozen fruits, vegetables, appetisers and a proprietary line of meat-free items.

Source: NovoNutrients

‍⛽️ NovoNutrients raised $4.7M for its air protein product, made from captured CO2 emissions from oil, gas and cement-related plants. The brand says its protein can improve the amino acid profile of food products, and can be used in meat analogues as well as animal feeds.

πŸ§€ Australian startup Eden Brew secured $4M from the CSIRO’s venture arm, Main Sequence, and northern NSW dairy cooperative Norco, to make dairy products via fermentation, with ambitions of bringing its first products to market within 18 months.

🌱 Singapore-based Hoow Foods raised $3M pre-Series A funding for its smart platform which uses AI and machine learning to reformulate indulgent foods with plant-based ingredients to make them more nutritious.

Source: Small Robot Company

β€πŸ€– Small Robot Co. launched another equity crowdfunding campaign this week and has already hit its goal of raising Β£2M, bringing its total funding raised to Β£9M. The startup uses a combination of robots and AI to automate certain agricultural needs, such as weed identification.Β 

🦠 The University of Glasgow received £1M from the UK National Institute for Health Research to research diet interventions to hopefully improve symptoms of long COVID-19 and Type-2 diabetes.

Source: Planty

πŸ‘¨πŸ³ UK-based Planty raised almost Β£540K via crowdfunding platform Crowdcube, including support from Veg Capital, for its chef-crafted plant-based meal delivery service.

🐜 British sustainable insect snack startup Small Giants closed €470k, far exceeding its initial target of €295k, to bring insect-based snacks to the mainstream.

πŸ‡«πŸ‡· Coco Bakery Inc., a North American firm which makes French macarons and premium sweet treats for retail and food service, secured undisclosed investment from Bond Bakery Brands Ltd. to support its next phase of growth.

πŸ’° Indian plant-based pioneer GoodDot has raised undisclosed funding from Sixth Sense Ventures, marking the first VC investment in the space in the country.

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


πŸ‡¨πŸ‡± Chilean alternative protein food tech NotCo raised $235M Series D funding and gained its unicorn horn with a valuation of $1.5B. It uses a proprietary AI platform to create new plant-based dairy, egg and meat alternatives

πŸ’‘ AppHarvest scored a $91M construction loan from Equilibrium Capital to support its goal of building out 12 high-tech indoor farming facilities, which will use a mix of hydroponics, sensors, supplemental LED lighting, automation and AI as well as natural inputs like sunlight and rainwater to grow produce, by 2025.

Source: HappyFresh

πŸ›’ Indonesian on-demand grocery app HappyFresh, the first of its kind to launch in Southeast Asia, secured $65M Series D funding to further scale its operations.

🍼 Baby nutrition company ByHeart closed $90M Series B funding to accelerate commercialisation of its infant formula, which it claims is the first to include a breastfed reference arm in its clinical trials.

πŸ₯• Colombian on-demand grocery delivery service Merqueo raised $50M Series C funding to expand its operations across Latin America. It sources directly from large brands and local suppliers to deliver to consumers directly from its dark store network.Β 

β˜•οΈ Spinn secured $20M in new funding for its connected coffee machine, which uses centrifugal force to spin coffee grounds for extraction, which the company says gives a more nuanced and flavourful cup of coffee than pressing.

Source: ConverseNow

β€πŸ—£ ConverseNow closed $15M Series A funding to automate drive-thru and restaurant order taking via its AI voice-based ordering assistants, dubbed George and Becky.

πŸ•΅οΈβ€β™€οΈ Indian clean label food producer The Whole Truth, which claims to be the only brand in the country to list every ingredient that goes into its products, raised $6M Series A funding to expand its portfolio and manufacturing capabilities in line with growing demand.

🧊 Frizata raised $5M Series A funding to support its U.S. expansion. The startup is a direct-to-consumer frozen food tech specialist, delivering  a portfolio of over 70 products that includes frozen fruits, vegetables, appetisers and a proprietary line of meat-free items.

Source: NovoNutrients

‍⛽️ NovoNutrients raised $4.7M for its air protein product, made from captured CO2 emissions from oil, gas and cement-related plants. The brand says its protein can improve the amino acid profile of food products, and can be used in meat analogues as well as animal feeds.

πŸ§€ Australian startup Eden Brew secured $4M from the CSIRO’s venture arm, Main Sequence, and northern NSW dairy cooperative Norco, to make dairy products via fermentation, with ambitions of bringing its first products to market within 18 months.

🌱 Singapore-based Hoow Foods raised $3M pre-Series A funding for its smart platform which uses AI and machine learning to reformulate indulgent foods with plant-based ingredients to make them more nutritious.

Source: Small Robot Company

β€πŸ€– Small Robot Co. launched another equity crowdfunding campaign this week and has already hit its goal of raising Β£2M, bringing its total funding raised to Β£9M. The startup uses a combination of robots and AI to automate certain agricultural needs, such as weed identification.Β 

🦠 The University of Glasgow received £1M from the UK National Institute for Health Research to research diet interventions to hopefully improve symptoms of long COVID-19 and Type-2 diabetes.

Source: Planty

πŸ‘¨πŸ³ UK-based Planty raised almost Β£540K via crowdfunding platform Crowdcube, including support from Veg Capital, for its chef-crafted plant-based meal delivery service.

🐜 British sustainable insect snack startup Small Giants closed €470k, far exceeding its initial target of €295k, to bring insect-based snacks to the mainstream.

πŸ‡«πŸ‡· Coco Bakery Inc., a North American firm which makes French macarons and premium sweet treats for retail and food service, secured undisclosed investment from Bond Bakery Brands Ltd. to support its next phase of growth.

πŸ’° Indian plant-based pioneer GoodDot has raised undisclosed funding from Sixth Sense Ventures, marking the first VC investment in the space in the country.

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


πŸ‡¨πŸ‡± Chilean alternative protein food tech NotCo raised $235M Series D funding and gained its unicorn horn with a valuation of $1.5B. It uses a proprietary AI platform to create new plant-based dairy, egg and meat alternatives

πŸ’‘ AppHarvest scored a $91M construction loan from Equilibrium Capital to support its goal of building out 12 high-tech indoor farming facilities, which will use a mix of hydroponics, sensors, supplemental LED lighting, automation and AI as well as natural inputs like sunlight and rainwater to grow produce, by 2025.

Source: HappyFresh

πŸ›’ Indonesian on-demand grocery app HappyFresh, the first of its kind to launch in Southeast Asia, secured $65M Series D funding to further scale its operations.

🍼 Baby nutrition company ByHeart closed $90M Series B funding to accelerate commercialisation of its infant formula, which it claims is the first to include a breastfed reference arm in its clinical trials.

πŸ₯• Colombian on-demand grocery delivery service Merqueo raised $50M Series C funding to expand its operations across Latin America. It sources directly from large brands and local suppliers to deliver to consumers directly from its dark store network.Β 

β˜•οΈ Spinn secured $20M in new funding for its connected coffee machine, which uses centrifugal force to spin coffee grounds for extraction, which the company says gives a more nuanced and flavourful cup of coffee than pressing.

Source: ConverseNow

β€πŸ—£ ConverseNow closed $15M Series A funding to automate drive-thru and restaurant order taking via its AI voice-based ordering assistants, dubbed George and Becky.

πŸ•΅οΈβ€β™€οΈ Indian clean label food producer The Whole Truth, which claims to be the only brand in the country to list every ingredient that goes into its products, raised $6M Series A funding to expand its portfolio and manufacturing capabilities in line with growing demand.

🧊 Frizata raised $5M Series A funding to support its U.S. expansion. The startup is a direct-to-consumer frozen food tech specialist, delivering  a portfolio of over 70 products that includes frozen fruits, vegetables, appetisers and a proprietary line of meat-free items.

Source: NovoNutrients

‍⛽️ NovoNutrients raised $4.7M for its air protein product, made from captured CO2 emissions from oil, gas and cement-related plants. The brand says its protein can improve the amino acid profile of food products, and can be used in meat analogues as well as animal feeds.

πŸ§€ Australian startup Eden Brew secured $4M from the CSIRO’s venture arm, Main Sequence, and northern NSW dairy cooperative Norco, to make dairy products via fermentation, with ambitions of bringing its first products to market within 18 months.

🌱 Singapore-based Hoow Foods raised $3M pre-Series A funding for its smart platform which uses AI and machine learning to reformulate indulgent foods with plant-based ingredients to make them more nutritious.

Source: Small Robot Company

β€πŸ€– Small Robot Co. launched another equity crowdfunding campaign this week and has already hit its goal of raising Β£2M, bringing its total funding raised to Β£9M. The startup uses a combination of robots and AI to automate certain agricultural needs, such as weed identification.Β 

🦠 The University of Glasgow received £1M from the UK National Institute for Health Research to research diet interventions to hopefully improve symptoms of long COVID-19 and Type-2 diabetes.

Source: Planty

πŸ‘¨πŸ³ UK-based Planty raised almost Β£540K via crowdfunding platform Crowdcube, including support from Veg Capital, for its chef-crafted plant-based meal delivery service.

🐜 British sustainable insect snack startup Small Giants closed €470k, far exceeding its initial target of €295k, to bring insect-based snacks to the mainstream.

πŸ‡«πŸ‡· Coco Bakery Inc., a North American firm which makes French macarons and premium sweet treats for retail and food service, secured undisclosed investment from Bond Bakery Brands Ltd. to support its next phase of growth.

πŸ’° Indian plant-based pioneer GoodDot has raised undisclosed funding from Sixth Sense Ventures, marking the first VC investment in the space in the country.

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