Select deals from last week:
🇮🇳 Absolute Foods, an Indian AI-driven vertical farming company, raised $100M at $500M valuation. The fresh funding will be used to scale its technology and hire more people. The company currently spreads over 100K acres and exports fruits and vegetables to 10 countries. The company's revenues jumped 11X to $3.7M in FY21.
There are 100+ other startups working on vertical farming solutions.
🇺🇸 Brightseed, a SF-based AI-driven platform for identifying compounds in plants, secured $68M in Series B funding. The company's machine learning platform could help researchers find hidden properties of plants, which can be used in medicine or recreating sustainable food options like alternative meat.
Other notable foodtech deals from around the globe:
🇺🇸 Voyage Foods, a California-based sustainable foods company, secured $36M to become a leading player in the ethical food market. The company aims to create a sustainable and healthy alternative of beloved foods. Today the company produces cacao-free chocolate, peanut-free spread and coffee without coffee beans.
🇸🇪 Melt&Marble (formerly Biopetrolia), a Swedish precision fermentation company, raised €5 million in Seed funding. The company will use the funding to scale its technology to create non-animal fats with the properties of beef fats.
Read up on all the latest foodtech deals in Dealroom.co