Select deals from last week:
🇺🇸 SpotOn, a SF-based payment software company, raised $300M Series F at $3.6B valuation. The company almost doubled its valuation since May last year when it became a unicorn. It has also tripled its revenue in the restaurant business in the same period.
This round comes at a time when foodtech public equity valuations are 28% down since the end of last year. The publicly traded rival Toast has struggled since its IPO in September 2021 with share price down 74%.
🇺🇸 Regrow, an agriculture carbon reduction company, raised $38M in Series B funding led by Galvanize Climate Solutions. The Ukranian-born founder Dr. Anastasia Volkova launched her company as part of Sydney University's innovation program. In 2020 she moved to the US to grow the company's operations. Today, the company enables regenerative agriculture programs on over 2M acres globally.
Other notable foodtech deals from around the globe:
🇹🇭 FreshKet, a Bangkok-based B2B marketplace for fresh produce, raised $23.5M Series B to expand its service across Thailand.
🇲🇽 Merqueo, a Mexican ultrafast grocery delivery service, raised $18M in equity and $4M in debt at $250M valuation.
🇮🇱 Imagindairy raised $15M in Series A funding to launch alternative milk products.
🌿 Checkout Dealroom's in-depth landscape of 600+ alternative protein startups.
Read up on all the latest foodtech deals in Dealroom.co
