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title: Will B2B catch up to B2C?
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This week: VC investment down 40% YOY, but business-focused categories are growing, the latest deals, and more.

| View in browser September 29, 2022 Will B2B segments catch up to B2C? In Europe, year-to-date VC investment in foodtech is down 40% compared to the same time last year. However, business-focused categories have been growing. Segments such as Vertical farming, Agritech, B2B marketplaces and Enterprise software are among the fastest growing in terms of VC investment year-over-year growth. The share of business-focused foodtech startups of total VC investment has also increased from 30% in 2021 to 58% in 2022, so far. YoY VC investment in Foodtech for select categories Jan–Sep 2021 vs. Jan–Sep 2022  Click on the links below to explore the funding rounds in each high-growth category in Europe: 1. Vertical farming 2. Agritech 3. Alternative protein 4. B2B online marketplaces 5. Enterprise Saas 🚨 To explore the global numbers, remove the HQ Filter = Europe, or go to Investment Heatmaps tab and type in the tag (e.g. vertical farming, agritech). Reply to this email if you need help.   In other news 🥡 Just Eat Takeaway surges after boosting profit outlook.  The company announced it expects to turn profitable this year. It made adjustments to its revenue and delivery costs that will lead to a positive margin EBITDA. - Bloomberg 🔎 Year-to-date Just Eat Takeaway share price is down 67%, one of the worst performances in the food delivery category. 🍖 Beyond Meat eliminates supply-chain chief role after executive steps down. Surging inflation has dampened the company's efforts to make its pricier plant-based meat more affordable to consumers forcing it to lower its revenue forecast for 2022 and cut 4% of its global workforce in August. - Reuters 🌯 Chipotle Mexican Grill will test robotic tortilla chip maker ‘Chippy’ in California restaurant. Today, workers at Chipotle restaurants fry and season the chips, which can be time consuming. Restaurants and retailers have been testing robotics and automation to speed up operations and reduce menial tasks for workers. -CNBC 🔎 ZUME is probably the most famous robot-cooking company in the world, but there are 200+ other startups building robotics to assist in the kitchen.   Latest foodtech deals 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   Tip of the week   🏆 Dealroom Signal Top 100   We’ve ranked the top 100 startups to watch over 6 verticals based on our Dealroom Signal: a powerful algorithm helping VCs, Corporates and Governments find the most promising up and coming startups.   Explore the top 100 startups built by our data-driven algorithm. 👈   Dive in   🗺️ Foodtech investment heatmap 🎓 Foodtech university spinouts 🦄 110+ Foodtech unicorns and $1B+ exits     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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