In foodtech news:

😨 Crunch time for cultivated meat, some early-stage players ‘could be in real trouble.’ 2023 will be a pivotal year for cultivated meat, as a handful of well-capitalized startups hit the market and early-stage players wait to see if consumers are enthused to motivate investors to keep funding the category. AgFunder Network

🍞 How tech is bolstering the fight against food insecurity. Entrepreneurs are leveraging tech to tackle exploding population and ongoing food shortages. Entrepreneur

🦣 Meatball from mammoth unveiled by food tech firm. Food scientists unveiled a giant meatball made from lab-grown flesh of an extinct woolly mammoth, saying the protein from the past showed the way for future foods. The Guardian

Latest foodtech deals

Select deals from last week:

🇳🇿 Halter has raised $85M in Series C funding in an over-subscribed round led by US-based Bessemer Venture Partners. The company is designing and building advanced technology to remotely guide animals by leverages artificial intelligence to create a future of farming that is more simple, ethical and sustainable.

🇳🇿 Unibio, a leading sustainable protein company, has received a $70M investment from Saudi Industrial Investment Group ("SIIG"), one of the first privately owned petrochemical companies in Saudi Arabia.

🇺🇸 Blank Street Coffee has closed a $20M investment round to scale its Regulars coffee subscription programme and boost the range of food and beverages across its existing US stores. 

Other notable foodtech deals from around the globe: 

🇺🇸 Labviva, a Boston, MA-based AI-driven life sciences digital marketplace, raised $20M in Series A funding.

🇺🇸 Smalls, the first-to-market DTC fresh cat-only food brand, today announced it has raised $19M.

🇮🇱 Israeli-based agtech company SupPlant, which develops wireless sensing equipment to collect real-time sensor data from farms, raised $10M in Series C funding.

🇺🇸 Windfall Bio, an agtech climate startup focused on transforming dilute methane emissions into value-add products, closed a $9M seed round led by Mayfield and UNTITLED - a venture fund founded by Magnus Rausing of the TetraLaval Family.

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

Tip of the week

🍽 The State of European Foodtech 2023

Is food delivery past its sell by date, and is there a fresh appetite for alternative protein and functional beverages? Some big shifts are underway among European foodtech startups and funding. With Five Seasons Ventures, our annual report dives into the state of the ecosystem, in data.

Dive in

🚜  Top 100 Agritech Startups to Watch

🏆 Top 100 Foodtech Startups to Watch

💸 The Fastest-Growing Foodtech Hubs

🍹 Non-Alcoholic Beverage Startups

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