The foodtech ecosystem has matured significantly, with the majority of active funds focusing on foodtech and agritech. Globally, there were 452 unique investors that participated in 352 rounds. There are also generalists that have been expanding their foodtech portfolio in recent quarters (e.g. Gaingels) and VC funds investing in the broader impact ecosystem like Collaborative fund and Lowercarbon capital.
Now that the first quarter of 2022 has ended, we’ve put together a curated list of the most active foodtech VC investors of the past 3 months. We’ve ranked VC investors based on the number of deals they participated in. Click on the links below to explore the deals by each investor:
🪲 Ynsect expands to the US with mealworm farm addition.France-based Ynsect has acquired Jord Producers, a Nebraska mealworm company. Later this year Ynsect plans to build its of manufacturing facility. - Food Dive
☕️ Howard Schultz Is Back as Starbucks CEO.The two-time Starbucks CEO is back in a critical time for the company. It deals with rising inflation, employee dissatisfaction and challenges in key markets like China. - WSJ
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Latest foodtech deals
Select deals from last week:
🇺🇸 MycoTechnology, a US-based mycelial fermentation company, raised $85M Series E to expand its geographical footprint. MycoTechnology is one of the 63 startups working on natural fermentation of fungi to create novel food products. The category has seen increasing interest from investors with VC investment growing from $11M in 2015 to $567M in 2021.
🇮🇱 Beewise Technologies, an Israeli precision robotics company, secured $80M in Series C funding led by Insights Partners. Each year, up to 30% of the honeybee colonies disappear, which has a devastating impact on food production. Beewise Technologies is one of the 45 startups developing technology to foster sustainable apiculture and pollination.
Other notable foodtech deals from around the globe:
🇮🇹 Everli, a Milan-based online grocery delivery service, extended its Series C by €22M.
🇺🇸 Native Pet, an Arizona-based pet food company, raised $6M Series A led by CAVU Venture Partners with participation from Mars' Companion Fund.
🇧🇷 Trela, (formally Zapt) a group buying marketplace for food in Brazil, raised $25M Series A.
This year, 5 new foodtech unicorns were minted, bringing the total number to 120. Those 5 unicorns were worth $1.5B last year. Today their combined enterprise value is $6.6B.
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