Select deals from last week:
🇺🇸 Swiftly, a US-based retail technology company, became a unicorn following a $100M round led by BRV Capital Management. The Covid-19 pandemic accelerated the shift to online grocery delivery, but still, today 80% of the grocery items are purchased offline.
Tech-enabled solutions such as Swiftly that bring the physical and digital experience together remove customer pain points such as waiting on lines or looking for items, but also helps grocery retailers improve margins and loyalty.
🇺🇸 Kate Farms, a plant-based dairy company in California, raised $75M in Series C funding led by Novo Holdings. Kate Farms' USDA organic and Non-GMO products are available in more than 95% of hospitals for patients with chronic illnesses.
The new funding will be used towards expanding its current portfolio and new go-to-market channels. Kate Farms defines the plant-based products for medical purpose category, but there are 200+ other companies working on plant-based dairy.
Other notable foodtech deals from around the globe:
🇫🇷 The French producer of plant-based dairy cheese Standing Ovation raised €12M in Series A funding.
🇳🇱 Amsterdam-based Formitable, a restaurant tech company, secured €8M to ramp up growth.
Read up on all the latest foodtech deals in Dealroom.co
