New in Funding: Puratos closes €1B & Pinduoduo launches a fund

New in Funding: Puratos closes €1B & Pinduoduo launches a fund

By
Nicola Spalding
August 27, 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.


💰 Chinese e-grocery giant Pinduoduo has launched a new “10 Billion Agriculture Initiative” to support sustainable agritech in the country with its 10 billion RMB ($1.5B) fund, in response to growing demand for healthy, safe, sustainable foods.

🍫 Puratos secured €1B to accelerate its Cacao-Trace program, which helps cocoa farmers increase their revenue thanks to the production of better-tasting chocolate via fermentation, according to the company. 

Source: Coco

🤖 Coco raised $36M Series A funding for its teleoperated four-wheeled, cooler-sized food and beverage delivery robot, which completes deliveries in densely populated areas in under 30 minutes.

☕️ London coffee startup Grind secured £22M to accelerate its UK DTC business, having enjoyed “explosive” growth in its at-home coffee products through the pandemic.

🥩 AgFunder announced the final close of its oversubscribed alternative protein fund New Carnivore at $21M. The fund is targeting 20 investments overall, having made seven investments in the space to date.

Source: AgNext

🇮🇳 India’s AgNext banked $21M Series A funding for its food quality assessment technologies, which target the almost $90B lost globally each year through inadequate quality assessments in the post-harvest food value chain.

🍆 British sustainable food delivery firm Oddbox raised £16M for its food waste-fighting fruit and veg boxes, filled with “rescued” surplus or “ugly” produce from UK farms.

🌱 US-based soil testing startup Biome Makers closed $15M Series B funding to accelerate the global reach of its biological soil analysis platform, which allows growers to adopt practices which encourage good soil health.

🇮🇳 Ahimsa VC has launched what they claim is India's first fund on sustainable food and materials -- the fund has $10M to deploy;

🍴 C3 secured $10M for its global food tech platform. Currently, the firm operates more than 250 digital kitchens and has developed 40 restaurant brands, and its proprietary Citizens Go app ‘food hall’ tech means consumers can order from multiple C3 digital restaurant brands in one transaction.

🚜 Indian agtech startup TartanSense raised $5M Series A funding for its robotic farm vehicles which ‘see’ via computer vision, designed for smallholder farms.

Source: Ai Palette

🔎 Ai Palette secured $4.4M Series A funding, bringing its total funding to $5.5M. The Singapore-based startup will use the funds to expand its food trend-spotting platform internationally. 

🤖 British agriculture robot startup Small Robot Company raised £4M through its Crowdcube equity crowdfunding campaign for its field management robots.

🔎 Argentinian startup ZoomAgri secured $3.3M pre-Series A funding for its “vision-as-a-service” food inspection technology, reducing the need for manual labour.

🧀 Plant-based dairy company Misha’s Kind Foods raised $3M seed funding to expand its offer of healthy and locally-sourced dairy-free cheese. Music legend and business mogul Jay-Z invested in the brand through his firm Marcy Venture Partners, alongside NBA all-star Chris Paul.

🍛 Forward Kitchens announced a $2.5M seed round for its digital restaurant storefront concept, which allows outlets to set up an online presence, including food delivery, cutting out the delivery platform middlemen.

Source: Taika

🍵 Functional beverage startup Taika secured $2.2M seed funding and launched a canned matcha latte made with house-made macadamia milk and ceremonial grade matcha from Kagoshima.

🗑 Orbisk raised €1.05M seed funding for its computer vision-based food service system, which allows operators to automatically identify and cut back on food waste via artificial intelligence.

FoodHack Database

Become a member

to get unlimited access

  • Weekly Trend Reports | Access 60+ Reports
  • Startups & Investors Database | Browse 500+
  • FoodHack+ Insiders Community | Coming soon

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


💰 Chinese e-grocery giant Pinduoduo has launched a new “10 Billion Agriculture Initiative” to support sustainable agritech in the country with its 10 billion RMB ($1.5B) fund, in response to growing demand for healthy, safe, sustainable foods.

🍫 Puratos secured €1B to accelerate its Cacao-Trace program, which helps cocoa farmers increase their revenue thanks to the production of better-tasting chocolate via fermentation, according to the company. 

Source: Coco

🤖 Coco raised $36M Series A funding for its teleoperated four-wheeled, cooler-sized food and beverage delivery robot, which completes deliveries in densely populated areas in under 30 minutes.

☕️ London coffee startup Grind secured £22M to accelerate its UK DTC business, having enjoyed “explosive” growth in its at-home coffee products through the pandemic.

🥩 AgFunder announced the final close of its oversubscribed alternative protein fund New Carnivore at $21M. The fund is targeting 20 investments overall, having made seven investments in the space to date.

Source: AgNext

🇮🇳 India’s AgNext banked $21M Series A funding for its food quality assessment technologies, which target the almost $90B lost globally each year through inadequate quality assessments in the post-harvest food value chain.

🍆 British sustainable food delivery firm Oddbox raised £16M for its food waste-fighting fruit and veg boxes, filled with “rescued” surplus or “ugly” produce from UK farms.

🌱 US-based soil testing startup Biome Makers closed $15M Series B funding to accelerate the global reach of its biological soil analysis platform, which allows growers to adopt practices which encourage good soil health.

🇮🇳 Ahimsa VC has launched what they claim is India's first fund on sustainable food and materials -- the fund has $10M to deploy;

🍴 C3 secured $10M for its global food tech platform. Currently, the firm operates more than 250 digital kitchens and has developed 40 restaurant brands, and its proprietary Citizens Go app ‘food hall’ tech means consumers can order from multiple C3 digital restaurant brands in one transaction.

🚜 Indian agtech startup TartanSense raised $5M Series A funding for its robotic farm vehicles which ‘see’ via computer vision, designed for smallholder farms.

Source: Ai Palette

🔎 Ai Palette secured $4.4M Series A funding, bringing its total funding to $5.5M. The Singapore-based startup will use the funds to expand its food trend-spotting platform internationally. 

🤖 British agriculture robot startup Small Robot Company raised £4M through its Crowdcube equity crowdfunding campaign for its field management robots.

🔎 Argentinian startup ZoomAgri secured $3.3M pre-Series A funding for its “vision-as-a-service” food inspection technology, reducing the need for manual labour.

🧀 Plant-based dairy company Misha’s Kind Foods raised $3M seed funding to expand its offer of healthy and locally-sourced dairy-free cheese. Music legend and business mogul Jay-Z invested in the brand through his firm Marcy Venture Partners, alongside NBA all-star Chris Paul.

🍛 Forward Kitchens announced a $2.5M seed round for its digital restaurant storefront concept, which allows outlets to set up an online presence, including food delivery, cutting out the delivery platform middlemen.

Source: Taika

🍵 Functional beverage startup Taika secured $2.2M seed funding and launched a canned matcha latte made with house-made macadamia milk and ceremonial grade matcha from Kagoshima.

🗑 Orbisk raised €1.05M seed funding for its computer vision-based food service system, which allows operators to automatically identify and cut back on food waste via artificial intelligence.

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


💰 Chinese e-grocery giant Pinduoduo has launched a new “10 Billion Agriculture Initiative” to support sustainable agritech in the country with its 10 billion RMB ($1.5B) fund, in response to growing demand for healthy, safe, sustainable foods.

🍫 Puratos secured €1B to accelerate its Cacao-Trace program, which helps cocoa farmers increase their revenue thanks to the production of better-tasting chocolate via fermentation, according to the company. 

Source: Coco

🤖 Coco raised $36M Series A funding for its teleoperated four-wheeled, cooler-sized food and beverage delivery robot, which completes deliveries in densely populated areas in under 30 minutes.

☕️ London coffee startup Grind secured £22M to accelerate its UK DTC business, having enjoyed “explosive” growth in its at-home coffee products through the pandemic.

🥩 AgFunder announced the final close of its oversubscribed alternative protein fund New Carnivore at $21M. The fund is targeting 20 investments overall, having made seven investments in the space to date.

Source: AgNext

🇮🇳 India’s AgNext banked $21M Series A funding for its food quality assessment technologies, which target the almost $90B lost globally each year through inadequate quality assessments in the post-harvest food value chain.

🍆 British sustainable food delivery firm Oddbox raised £16M for its food waste-fighting fruit and veg boxes, filled with “rescued” surplus or “ugly” produce from UK farms.

🌱 US-based soil testing startup Biome Makers closed $15M Series B funding to accelerate the global reach of its biological soil analysis platform, which allows growers to adopt practices which encourage good soil health.

🇮🇳 Ahimsa VC has launched what they claim is India's first fund on sustainable food and materials -- the fund has $10M to deploy;

🍴 C3 secured $10M for its global food tech platform. Currently, the firm operates more than 250 digital kitchens and has developed 40 restaurant brands, and its proprietary Citizens Go app ‘food hall’ tech means consumers can order from multiple C3 digital restaurant brands in one transaction.

🚜 Indian agtech startup TartanSense raised $5M Series A funding for its robotic farm vehicles which ‘see’ via computer vision, designed for smallholder farms.

Source: Ai Palette

🔎 Ai Palette secured $4.4M Series A funding, bringing its total funding to $5.5M. The Singapore-based startup will use the funds to expand its food trend-spotting platform internationally. 

🤖 British agriculture robot startup Small Robot Company raised £4M through its Crowdcube equity crowdfunding campaign for its field management robots.

🔎 Argentinian startup ZoomAgri secured $3.3M pre-Series A funding for its “vision-as-a-service” food inspection technology, reducing the need for manual labour.

🧀 Plant-based dairy company Misha’s Kind Foods raised $3M seed funding to expand its offer of healthy and locally-sourced dairy-free cheese. Music legend and business mogul Jay-Z invested in the brand through his firm Marcy Venture Partners, alongside NBA all-star Chris Paul.

🍛 Forward Kitchens announced a $2.5M seed round for its digital restaurant storefront concept, which allows outlets to set up an online presence, including food delivery, cutting out the delivery platform middlemen.

Source: Taika

🍵 Functional beverage startup Taika secured $2.2M seed funding and launched a canned matcha latte made with house-made macadamia milk and ceremonial grade matcha from Kagoshima.

🗑 Orbisk raised €1.05M seed funding for its computer vision-based food service system, which allows operators to automatically identify and cut back on food waste via artificial intelligence.

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


💰 Chinese e-grocery giant Pinduoduo has launched a new “10 Billion Agriculture Initiative” to support sustainable agritech in the country with its 10 billion RMB ($1.5B) fund, in response to growing demand for healthy, safe, sustainable foods.

🍫 Puratos secured €1B to accelerate its Cacao-Trace program, which helps cocoa farmers increase their revenue thanks to the production of better-tasting chocolate via fermentation, according to the company. 

Source: Coco

🤖 Coco raised $36M Series A funding for its teleoperated four-wheeled, cooler-sized food and beverage delivery robot, which completes deliveries in densely populated areas in under 30 minutes.

☕️ London coffee startup Grind secured £22M to accelerate its UK DTC business, having enjoyed “explosive” growth in its at-home coffee products through the pandemic.

🥩 AgFunder announced the final close of its oversubscribed alternative protein fund New Carnivore at $21M. The fund is targeting 20 investments overall, having made seven investments in the space to date.

Source: AgNext

🇮🇳 India’s AgNext banked $21M Series A funding for its food quality assessment technologies, which target the almost $90B lost globally each year through inadequate quality assessments in the post-harvest food value chain.

🍆 British sustainable food delivery firm Oddbox raised £16M for its food waste-fighting fruit and veg boxes, filled with “rescued” surplus or “ugly” produce from UK farms.

🌱 US-based soil testing startup Biome Makers closed $15M Series B funding to accelerate the global reach of its biological soil analysis platform, which allows growers to adopt practices which encourage good soil health.

🇮🇳 Ahimsa VC has launched what they claim is India's first fund on sustainable food and materials -- the fund has $10M to deploy;

🍴 C3 secured $10M for its global food tech platform. Currently, the firm operates more than 250 digital kitchens and has developed 40 restaurant brands, and its proprietary Citizens Go app ‘food hall’ tech means consumers can order from multiple C3 digital restaurant brands in one transaction.

🚜 Indian agtech startup TartanSense raised $5M Series A funding for its robotic farm vehicles which ‘see’ via computer vision, designed for smallholder farms.

Source: Ai Palette

🔎 Ai Palette secured $4.4M Series A funding, bringing its total funding to $5.5M. The Singapore-based startup will use the funds to expand its food trend-spotting platform internationally. 

🤖 British agriculture robot startup Small Robot Company raised £4M through its Crowdcube equity crowdfunding campaign for its field management robots.

🔎 Argentinian startup ZoomAgri secured $3.3M pre-Series A funding for its “vision-as-a-service” food inspection technology, reducing the need for manual labour.

🧀 Plant-based dairy company Misha’s Kind Foods raised $3M seed funding to expand its offer of healthy and locally-sourced dairy-free cheese. Music legend and business mogul Jay-Z invested in the brand through his firm Marcy Venture Partners, alongside NBA all-star Chris Paul.

🍛 Forward Kitchens announced a $2.5M seed round for its digital restaurant storefront concept, which allows outlets to set up an online presence, including food delivery, cutting out the delivery platform middlemen.

Source: Taika

🍵 Functional beverage startup Taika secured $2.2M seed funding and launched a canned matcha latte made with house-made macadamia milk and ceremonial grade matcha from Kagoshima.

🗑 Orbisk raised €1.05M seed funding for its computer vision-based food service system, which allows operators to automatically identify and cut back on food waste via artificial intelligence.

FoodTech News Digested ✉️
Every Monday (12pm CET) & Friday (1pm CET) in your inbox

Reports

Game on: the 21 brands after the growing esports nutrition industry for gamers
New Energy: the 37 companies creating better-for-you energy drinks
Flour power: the rise of substitute alternatives to traditional wheat flour
Meet the lupini bean: the humble legume - and the next big superfood - you’ve never heard of
Animal Free Cheese: the 90+ brands on quest to make great tasting cheese, cow-free
New kids on the block: the 40+ brands making healthier choices for babies and children
Vegan beef jerky and cell-cultured seafood: Africa’s FoodTech scene is heating up
The fourth wave of craft coffee is coming: are you ready for a revamped cup of jo?