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title: The investors winning the unicorn hunt
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This week: which investors have backed the most foodtech unicorns, Impossible Foods bumper funding round, and Indian cloud kitchens.

| View in browser NOVEMBER 30, 2021 Unicorn hunters There are now 110 billion-dollar foodtech companies globally.  The US leads with 45 foodtech unicorns, followed by China (26) and Europe (22) On average, it took a company 7.5 years to hit unicorn status Foodtech unicorns have raised a collective $115 billion In 2021 alone, foodtech unicorns have raied $24 billion, or 65% of all foodtech funding Look at 919 investors of the world's 110 foodtech unicorns, we've found the 10 most prolific foodtech unicorns investors.  Tiger Global perhaps unsurprisingly tops the list, having backed 20 foodtech unicorns, However, when we look at which investors joined the cap table at a pre-$1B valuation, Sequoia Capital comes out on top, having backed 9 foodtech startups that went on to become unicorns.   Clear from the list is the increasing participation of crossover funds and institutional investors in the venture space. Investors like Goldman Sachs and BlackRock have the deep pockets and appetite required to go unicorn hunting at increasingly earlier stages of growth.  110 foodtech unicorns   Latest foodtech deals Select deals from last week: 🇺🇸 Impossible Foods, the plant-based meat company, intends to raise $500 million at $7.0 billion valuation, a 70% increase since its Series G in August last year.  Rival Beyond Meat currently has a market capitalization of $4.8 billion. Its current share price of $76 is almost the same as at the beginning of 2020, and Beyond reported disappointing net sales and a "wider-than-expected loss".   🇦🇺 Mr. Yum, an Australia-based restaurant ordering and payment company, raised $65 million Series A.  This is the largest foodtech round in Australia. Last year, as lockdowns rolled out, "all of a sudden QR codes are everywhere". Mr. Yum was positioned to benefit. This year, CNBC reported that this trends is "likely permanent". Mr. Yum is more than a QR code menu company. It also facilitates payments and delivery though a partnership with DoorDash. 🇨🇴 Chiper, a Bogota-based B2B marketplace connecting corner stores with wholesalers, raised $53 million Series B. Founded in 2018, Chiper has become a leading B2B marketplace in Latin America. It currently operates in Colombia and Brazil. It has a $65 million revenue run-rate as of Q3 2021, a 7x increase since September last year. In 2022, the company targets a launch in Brazil and a revenue run-rate of $240 million. Chiper also plans to embed financial services into its marketplace, which is a lucrative opportunity.  Other notable foodtech deals from around the globe:  🇩🇪 Yababa, Berlin-based delivery service of Turkish and Arabic groceries, raised $15.5 million Seed round. Yababa operates in a crowded and competitive space. 🇸🇪 Peas of Heaven, a Swedish plant-based meat company, raised a €2.7 million Seed round to expand across Europe. 🇮🇳 Rebel Foods, a Mumbai-based startup working on dark/cloud kitchens, extended its Series F with $14.5 million. Last month Rebel Foods raised $175 million and became the 5th pure-play dark kitchen unicorn globally. There are 46 other startups working on dark kitchens.   Read up on all the latest foodtech deals in Dealroom.co Foodtech exits:  🇨🇦🇺🇸 Leading cannabis retailer High Trade  have acquired CBD-infused wellness products company NuLeaf Naturals. NuLeaf Natural is one of 41 startups working on pet food products to treat anxiety and increase appetite. Read up on all the latest foodtech exits in Dealroom.co   In other news 💸 Denmark Plans To Spend $195 Million To Boost Plant-Based Foods via Forbes. 👻 For Halloween, Chipotle created a virtual restaurant inside the online game platform Roblox via QSR Magazine. 🥗 Sweetgreen Stock: This Recent IPO Is A Sell via Seeking Alpha. 🌏 3 ways Big Food is coming to terms with its climate impact via Fooddive.   💼 We're hiring! If you are interested in delivering industry-leading research (or working in product, sales or marketing), check out our jobs page, or reply to this email.   Tip of the week   The SPAC frenzy has also hit foodtech this year. There are 12 announced and/or completed SPAC deals this year, up from just 1 last year. A new regulatory change might mean even more SPAC deals along the way.   Dive in   🗺️ Foodtech investment heatmap 🎓 Foodtech university spinouts 🦄 108 Foodtech unicorns and $1B+ exits 📈 Fastest hiring Foodtech companies founded by serial entrepreneurs     Ivan Draganov Senior Innovation Analyst Dealroom About this newsletter This is Dealroom's weekly Foodtech newsletter.  You can subscribe here to get more industry-specific intelligence on the evolving world of Foodtech, emerging trends, and game-changing startups. Delivered on Tuesdays.   Dealroom.co, Cornelis Dirkszstraat 27-2, 1056 TP, Amsterdam, The Netherlands Manage preferences |
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