Select deals from last week:
🇦🇪 Kitopi, a UAE-based cloud kitchen startup, extended its Series C from July last year by $300M. This round, which was led by SoftBank, brings Kitopi's valuation to $1.6B.
Launched in 2018, Kitopi's business boomed during the pandemic with the surge of takeaway orders, but they've also worked hard to support dine-in or traditional restaurants. In the past couple of months, it has been heavily investing in brands such as Right Bite, Under 500 and Ichiban.
We've track 48 other startups working on cloud kitchen models. 👈
🇺🇸 Vestaron Corporation, a Michigan-based crop protection company, raised $82M in Seriec C funding. The company develops an alternative to the chemical pesticides. Its biopesticide has been cleared for usage in Mexico and is in the process to become FDA-approved in the USA.
Other notable foodtech deals from around the globe:
🇮🇸 Good Good, a marketplace for no-sugar-added products, raised $20M to invest in product innovation and expansion in the USA.
🇮🇪 Buymie, a Dublin-based sameday grocery delivery service, raised €7M to expand across the UK.
🇺🇸 Full Harvest, a B2B marketplace for surplus food, raised $5M in Series B funding at $115M valuation.
Read up on all the latest foodtech deals in Dealroom.co
