In foodtech news:

🥛 This Week in Animal-Free Dairy: Whey Protein Startups Navigate the Industry Challenges. New developments from whey protein startups Remilk, Perfect Day, and emerging food tech Daisy Lab give us a closer look at some challenges these companies face to make animal-free dairy a reality. Vegconomist

🪴 Foodtech startups unite to create Precision Fermentation Alliance. From animal-free dairy companies to firms making meaty flavors for meat alternatives—have joined forces to create a new trade association. AgFunder

🤖 Power of AI Automation In Agritech: Everything You Need To Know For Your Business. No sector of the economy is exempt from the advantages that IoT and AI have to offer. It is not different in the case of agriculture. Data Science Central

Latest foodtech deals

Select deals from last week:

🇮🇳 Suminter India Organics, a provider of 100% gmo free organic food and fiber products, has raised $53M in its latest funding rounf from Morgan Stanley India Infrastructure and IFU for organic agriculture.

🇺🇸 Oats Overnight, a Tempe, AZ-based nutritional company, raised $20M in Series A funding.

🇬🇧 Plant-based brand THIS has raised a £15M Series B funding round. The series B round includes £5M raised on investment platform Seedrs last year and more than £10m from institutional investors, including BGF, Lever VC, Backed, and others, with plans to take the brand overseas in 2023.

Other notable foodtech deals from around the globe: 

🇩🇰 Chromologics, a Copenaghen, Denmark-based biotech company specializing in production of natural food colors, raised additional €7.1M in funding.

🇺🇸 Odyssey Wellness, makers of Odyssey Elixir, the first sparkling energy drink infused with functional mushrooms, announced today that it has completed a $6.3M series A capital raise bringing the total funding since inception to $8.3M.

🇫🇷 Agdatahub, the first French intermediary platform for agricultural data, raised €5M in its latest funding round with the goal of boosting the development of a French and European agricultural infratech in a trusted framework.

Read up on all the latest foodtech deals in Dealroom.co

Tip of the week

🍽 The State of European Foodtech 2023

Is food delivery past its sell by date, and is there a fresh appetite for alternative protein and functional beverages? Some big shifts are underway among European foodtech startups and funding. With Five Seasons Ventures, our annual report dives into the state of the ecosystem, in data.

Dive in

🚜  Top 100 Agritech Startups to Watch

🏆 Top 100 Foodtech Startups to Watch

💸 The Fastest-Growing Foodtech Hubs

🍹 Non-Alcoholic Beverage Startups

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