Select deals from last week:
🇺🇸 Strella Biotechnology, developer of proprietary produce sensor technology designed to reduce food waste and improve quality, announced the close of a Series A funding round totaling $8M. Strella’s novel IoT biosensors and real-time data streaming measures and monitors the freshness of each fruit produce from harvest to grocery store shelf, helping to reduce food waste and drive produce quality.
🥙 The combined enterprise value of startups working on preventing food waste (i.e reduce it) is $4B, or about half of the entire food waste market. Explore the food waste prevention landscape today. 👈
🇸🇬🇯🇵 Umitron, Singapore and Japan-based data startup building user-friendly aquaculture data platforms, received $2M funding from Inter-American Development Bank (IDB) to provide its AI fish feeding tech to farmers in Peru’s Lake Titicaca. Umitron will use the money to train local producers to increase their familiarity with its products and drive growth of sustainable aquaculture in Peru.
🌎 This project is the first step in Umitron’s long-term plans to support and develop technology for Latin American aquaculture producers.
🇺🇸 San-Francisco-based cannabis seed-to-sale platform, Canix, raises $10M in a round led by an unannounced firm to expand across the US and Canada.
👨🏻🌾🌳 Canix's cannabis ERP software cuts down the busywork cannabis businesses juggle like compliance, inventory management, and sales. This funding will target new markets for Canix and broaden its product offering to help operators better predict and calculate profits per gram.
Other notable foodtech deals from around the globe:
🇬🇧 Allotme, a London-based online platform that connects gardeners with available space to grow their own, secured £250K funding to improve its digital platform.
🇺🇸 US-based alternative meat startup, SCiFi Foods (formerly Artemys Foods), has closed a $22M Series A round led by leading global VC Andreessen Horowitz.
🇪🇸 3D bioprinting startup, Cocuus, raises €2.5M in pre-Series A. Cargill Ventures, the investment arm of the multinational meat giant Cargill, backed the round.
🇮🇩 Eratani, an Indonesia-based agritech startup, raised ~$1.6M in a pre-seed round led by Trihill Capital. Eratani helps farmers improve land efficiency, acquire farming supplies, manage their harvest, and get access to loans.
Read up on all the latest foodtech deals in Dealroom.co
