Select deals from last week:
🇫🇷 PopChef, a Paris-based catering service, raised €15M to fuel growth. The company aims to build the first "eco-designed canteen". To do so, they came up with a 9-point plan (in French) that includes traceability of raw materials for dishes, empowering local farmers, employing people with disabilities and removal of single-use packaging, among others.
🇺🇸 Magic Spoon, NYC maker of low-carbohydrate cereal foods for adult customers, secured $85M in Series B funding as three of its brands make the jump from direct-to-consumer-only offerings to Target store shelves for the first time.
🇩🇰 REDUCED, a Danish foodtech startup that develops ingredients, flavor enhancers and food products from side streams and excess produce, received €2.9m in a seed round from Rockstart, a global early stage investor.
REDUCED plans to utilize the funding to finalize the investment into its unique technology used for the creation of plant-based flavor enhancers, expand its production facilities and attract talent.
♻️ For an in-depth discussion on food waste, be sure to check out my 30-minute webinar with Semi Hakim where we tackle the trends, developments, investments and the startups of the Food Waste Prevention Ecosystem.
🍖 We've also mapped 600+ alternative protein startups, including 43 working on cultivated meat. In 2021, a total of $927M was invested in cultivated meat startups. This year, VC investment stands at $417M.
Other notable foodtech deals from around the globe:
🇮🇩 Flash Coffee, an Indonesia-based tech-enabled coffee chain, raised $32.8M in Series B funding.
🇵🇰 Farmdar, a Pakistan-based agritech that uses deep-tech to create actionable data for farmers and corporates, raised $1.3M in a Seed round.
🇺🇸 Apparo, a American plant protein ingredient company, announced a Series A investment of $3.5M co-led by Endeavor8, Finistere Ventures and Blue Horizon.
Read up on all the latest foodtech deals in Dealroom.co
