Meanwhile in France, lawmakers are proposing a ban on cultivated meat, calling that alternative protein "junk food" The post The Week in AgriFoodTech: New Forests fund makes $300m first close, the EU invests in alt protein appeared first on...
This week — the last before the AgFunderNews team takes a holiday break — saw several announcements for new funds and grants, including a $300 million first close for New Forests fund and the proposed €50 million ($55 million) the European Union wants to channel into alternative protein investment. But not all of the EU is onboard, it seems. Also this week, lawmakers in France proposed a ban on cultivated meat, with some referring to it as “junk food.”
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The team at food redistribution startup Munch. Image credit: Munch
Agtech & foodtech funding news
NewLeaf Symbiotics bags another $45m to bring its ‘new class of microbial amendments’ to more row crops AgFunderNews
Deep Agro raises $2M for AI-based agtech expansion to Brazil and the US Latamlist
Food saving app Munch anounces Series A funding Tech.eu
The Bushel mobile app. Image credit: Bushel
M&A, IPOs & partnerships
Loveland Products and Ascribe team up to launch biofungicides for U.S. row crops Crop Life
Terviva Announces Strategic Partnership With Mitsubishi Corporation NewsWire
Bushel expands ERP partnership network with integration of Oakland Corporation’s FarmerData Feed & Grain
Highlander Partners announces acquisition of Fuerst Day Lawson Holdings Ltd Highlander Partners
Image credit: Brightseed
Funds, grants & accelerators
New Forests makes first close of ANZ-focused forestry fund at over $300m Deal Street Asia
The EU invests €50M to help startups scale up alternative proteins Tech.eu
$11M grant aims to develop scions and rootstocks to fight HLB The Packer
Libre Foods wins €335K grant to pioneer low-cost mycelium for meat alternatives Vegconomist
Brightseed receives grant to improve EED outcomes in undernourished mothers Nutraceuticals World [Disclosure: AgFunderNews’ parent company AgFunder is an investor in Brightseed.]
HYDROCOW’s $6m project to make whey protein from CO2 & hydrogen: ‘It’s high-risk, high-reward’ AgFunderNews
Fieldwork wins government grant to accelerate £1.1m BerryBot project Fieldwork Robotics
Image generated by DALL·E with prompts from AgFunderNews
People moves
Dustin Sapp Named CEO of Traction Ag Crop Life
Local Bounti replaces CEO after 6 months as the indoor farming company restructures Food Dive
TRACT appoints Allison Kopf as new CEO Vertical Farm Daily
Other news
Delivery Hero closes hubs in Taiwan, Turkey in push to cut costs Bloomberg
Dutch startup Pieter Pot declared bankrupt: All you need to know Silicon Canals
‘Blending tradition and innovation’: Senara emerges from stealth as Europe’s first cultured dairy startup Green Queen
French parliamentarians propose law to ban cultivated meat, calling it “junk food” Vegconomist
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