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title: VC investment in Nov.
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This week: Global foodtech VC investment in November reached $932M, the lowest value in the last 2 years.

| View in browser December 7, 2022 VC investment in November 🍁 Global foodtech VC investment in November reached $932M, the lowest value in the last 2 years. 🌍 VC investment by region: 1. Europe: $265M 2. USA: $263M 3. Asia: $169M Have a look at the underlying data by region here. 👈 💸 The top 5 deals in November: 1. TouchBistro (restaurant point-of-sale) $110M Growth Equity 2. Athletic Brewing (craft non-alcoholic beer) $75M Late VC 3. Bira91 (craft beer) $70M Series B 4. The Modern Milkman (plastic-free grocery shopping) $61M Series C 5. Agriconomie (B2B agritech marketplace) $60m Series B   VC Funding Rounds from Sept. 2019 - Dec. 2022 YTD Access VC Funding Rounds \| Foodtech   In foodtech news: 📦 Nestle Splits Off Freshly Meal Delivery Business. Nestle is combining its $950M 2020 acquisition, in which it had high hopes, with Kettle Cuisine in a joint venture led by investment firm L Catterton. - Food Processing 🏚 Food commodities are getting cheaper—unlike grocery bills. Global prices for commodities such as wheat and sugar have fallen back to where they were a year ago, but consumers are still likely to feel the pinch at the checkout. Higher energy and power costs are also fueling food-price inflation. - Wall Street Journal ♻️ Does carbon labeling of food work? When it comes to food and how the industry can get to net zero, most people haven’t given it much thought. That’s partly because the narrative around net zero carbon emissions, at least in the U.K., is centered around energy and transport, but less around food.  -BRINK   Latest foodtech deals Select deals from last week: 🇮🇹 Italy-based 3Bee, a IoT technologies for breeding, raised €5M in Series A funding led by AgFunder. 3Bee's technology enabled beekeepers to track  bee's health and reduce treatments. The funding will be used to scale across Europe and increase from 1 billion protected pollinators in 2022 to 10 billion in 2023. 🐝 We've curated a list of 40+ Bees & pollination startups. 🇬🇧 Big Drop Brewing Co, a London-based producer of alcohol-free craft beer, raised £2.3M from Seedrs and existing private investors such as Bluepoint VC and Panoramic Growth Equity. The funds will go towards entering new stores across the UK. Currently the company sells its product as select locations in Sainsbury’s, Tesco, Waitrose and Morrisons stores.   Other notable foodtech deals from around the globe:    🇹🇷 Avane Cloud Kitchens, a Turkey-based cloud kitchen company, raised $3.1M in Seed funding. ⛅️ Did you know there are 56 cloud kitchen companies globally? 🇫🇷 Yeasty, a Paris-based producer of alt-protein from leftover brewer’s yeast, bagged €1.4M in Seed funding. 🇬🇧 Oceanfarmr, an aqua-farming technology company, secured $1.5M in Seed funding led by Katapult.   Read up on all the latest foodtech deals in Dealroom.co   Tip of the week   🍖 Top 100 alt. protein startups Alternative protein has been one of the fastest growing segments in Foodtech. Between 2016 and 2021, VC investment grew 17x to $5.1b. With $2.7b, this year's VC investment has slowed down compared to 2021 and 2020. However, there are still many promising and investible startups. We’ve ranked the top alternative protein startups to watch globally based on Dealroom Signal. Top 100 alt protein startups   Dive in   🛒 Top 100 Food Delivery Startups to Watch   🏆 Top 100 Foodtech Startups to Watch   💸 The Fastest-Growing Foodtech Hubs   🌎 Foodtech in Latin America     Ivan Draganov Senior Innovation Analyst Dealroom Not a subscriber yet? Subscribe here This is Dealroom's weekly Foodtech newsletter. 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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