In foodtech news:

🇺🇳 ‘Paris Agreement for nature’ raises biodiversity hopes and doubts.  Scientists and conservationists welcomed a landmark UN agreement this week to protect roughly a third of the planet’s lands and seas by 2030, but warned much remained to be done to thwart the catastrophic demise of the natural world. - Financial Times

🌳🐅 Explore our Biodiversity startup landscape, covering 140+ startups developing tech solutions for ecosystem conservation.

🛒 Forget DoorDash and Uber. Walmart and Kroger are now the innovators in food delivery. The next gen of grocery delivery is likely to be defined by big brick-and-mortar stores building their own delivery infrastructure. - Barrons

🤑 Consumers can’t get enough of private label. Consumers will increasingly switch to private label and trade down to less expensive brands and products if inflation persists. The trend toward increased private label consumption is seen as continuing into the coming years. Private label will reach 21.6% of sales in 2026. - Supermarket News

Latest foodtech deals

Select deals from last week:

🇺🇸 NotCo, a NY-based manufacturer of alternative meat products, extended its Series D from July last year by $70M. The funds will go towards expanding its B2B offering and scaling its AI tool to synthesize plant-based products.

🍔 We have mapped 600+ alternative protein startups by category in this interactive landscape.

🇩🇪 Choco, a Berlin-based B2B marketplace connecting restaurants and suppliers, is raising €33M at the same valuation from April 2022. The company wants to invest in product development, customer support and expansion. The company will not become profitable before 2026.

👨🏻‍🌾 B2B online marketplaces in food and agriculture has been one of the fastest growing categories this year. Explore 100+ startups in that category.

Other notable foodtech deals from around the globe: 

🇩🇪 The Rainforest Company, a Germany-based breakfast bowls and snacks company, raised $36M to expand its portfolio with healthy foods and expand internationally. Founded in 2016, the company generated $20M in sales last year and is profitable.

🇺🇸 Poppi, a manufacturer of prebiotic soda in Texas, bagged $25M in Series B funding led by CAVU Venture Partners.

🍹 Last week we wrote about the growing trend of non-alcoholic beverages, including a list of startups and VC investment.

🇺🇸 Boston-based ArkeaBio, a technology to reduce CO2 emissions in agriculture, secured $12M in Seed funding.

Read up on all the latest foodtech deals in Dealroom.co

Tip of the week

🍖 Top 100 alt. protein startups

Alternative protein has been one of the fastest growing segments in Foodtech. Between 2016 and 2021, VC investment grew 17x to $5.1b.

With $2.7b, this year's VC investment has slowed down compared to 2021 and 2020. However, there are still many promising and investible startups. We’ve ranked the top alternative protein startups to watch globally based on Dealroom Signal.

Dive in

🛒 Top 100 Food Delivery Startups to Watch

🏆 Top 100 Foodtech Startups to Watch

💸 The Fastest-Growing Foodtech Hubs

🌎 Foodtech in Latin America

Ivan Draganov

Senior Innovation Analyst
Dealroom

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