Select deals from last week:
🇺🇸 JOKR, a NY-based ultrafast grocery delivery service, became a unicorn following a $260 million Series B. Launched earlier this year, JOKR is definitely one of the fastest companies to reach unicorn status. Investor interest in grocery delivery services went through the roof in 2021. VC investment reached $11 billion, more than the previous two years combined. The question remains if brands can stand out.
🇺🇸 Spoiler Alert, a food waste mitigation platform, raised $11 million Series A to accelerate food waste reduction. In the US approximately 40% of the food is wasted. Spoler Alert enables food brands to distribute soon-to-expire food across a network of retailers, therefore significantly reducing the loss of value. The company reported "400% growth in gross transaction value" over the last 12 months. There are more startups combating food waste. We've categorized 100+ startups in this interactive landscape.
🇺🇸 Pepper, an online wholesale ordering platform, raised $16 million Series A to invest in product development. Historically, restaurants have relied on phone calls and spreadsheets to manage inventory and communicate with suppliers, which is inefficient and prone to human mistakes. Pepper enables food distributors to bring their catalogs online and connect with restaurants directly.
Other notable foodtech deals from around the globe:
🇺🇸 Hart Dairy, a premium grass-fed milk company, raised $20 million to acquire new farms and invest in marketing.
🇺🇸 Hooray Foods, a plant-based bacon company, extended its Seed round with an additional $2.7 million. By the way, there are 41 other plant-based meat alternative at Seed stage.
🇬🇧 Gardin Agritech, a UK-based remote sensor & AI company, raised $10.8 million in Seed.
🇩🇪 SEAWATER, a German-based fish farming container company, raised €2.4 million Series A.
Read up on all the latest foodtech deals in Dealroom.co
Foodtech exits:
🇺🇸 Greenlight Biosciences, an agri-biotechnology company, agreed to go public via a reverse merger with Environmental Impact Acquisition Corp. The transaction values the company at $1.2 billion. This is the 11th SPAC foodtech deal this year.
Read up on all the latest foodtech exits in Dealroom.co
