Select deals from last week:
🇰🇷 Green Labs, a South Korean agritech company, raised $140 million Series C to expand globally organically and through acquisitions. Launched in 2017, the new round values the company at $700 million. Green Labs' has a data-driven software to track and optimize crop production of 500K farmers and a B2B marketplace for 10K enterprise buyers.
🇮🇱 Redefine meat, an Israeli 3D-printed plant-based meat company, $135 million to set up production facilities in Israel and the Netherlands. This is the 7th largest round in the plant-based meat category ever. Redefine meat's products are available in 200 restaurants in Israel. Given the increasing demand for plant-based meat, Redefine meat might join the alternative protein unicorn club in the near future.
Other notable foodtech deals from around the globe:
🇬🇧 Vertical Future, a London-based vertical farming company, secured £21 million Series A funding. Last year, VC investment in vertical farming startups increased 34% year-over-year to $806 million. However, this still represents less than 2% of total foodtech investment.
🇮🇳 Waycool, an India-based farm-to-table company, raised $117 million in Series D funding.
🇫🇷 La Vie, a plant-based bacon and lardons, raised €25 million Series A.
Read up on all the latest foodtech deals in Dealroom.co
🇫🇷 The French meal kits and grocery delivery service Frichti was acquired by the ultrafast delivery company Gorillas for an undisclosed amount.
🇺🇸 NomNomNow, a pet food company, was acquired by Mars for $1.0 billion dollars.
Read up on all the latest foodtech exits in Dealroom.co
