Select deals from last week:
🇫🇷 Paris-based InnovaFeed, a maker of insect products, raised $260M in Series D funding led by Qatar Investment Authority. With the fresh funding, InnovaFeed plans to build new factories in the USA and Asia to target the growing interest in insect-based animal feeding products.
This round makes InnovaFeed the most capitalized company globally in this category, ahread of Ynsect and AgriProtein.
🪲 There are 53 other startups working on insect-based products for animal consumption.
🇫🇷 Not So Dark, a French operator of digital restaurant brands, raised $80M Series B round to build "the biggest restaurant in the world that doesn’t have a kitchen". The company launched as a dark kitchens operator, but pivoted as it realized how capital intensive is the business model.
Today, Not So Dark uses capacity of existing restaurants to cook delivery-only meals for apps like Deliveroo and UberEats.
Other notable foodtech deals from around the globe:
🇺🇸 US-based farm intelligence platform InnerPlant secured $16M led by farm equipment giant John Deere.
🇸🇮 Trapview, a Slovenia-based pest monitoring company, bagged €10M in Series B funding to speed up transition to greener agriculture.
🇩🇪 The German oat milk company Blue Farm secured €3M to "radically redevelop" how oat milk is made.
Read up on all the latest foodtech deals in Dealroom.co
