$3.6bn for Flagship Pioneering- The Week in AgriFoodTech

While there was a dearth of funding rounds for agrifoodtech startups this week, some serious money was pumped into adjacent spaces.

Kembara’s deeptech and climate fund secured a €350 million ($379 million) capital injection from the European Investment Fund, while Flagship Pioneering expanded its capital base by a cool $3.6 billion to support 25 breakthrough companies in “human health, sustainability, and artificial intelligence.”

Foodtech & agtech funding

🇺🇸  NovoNutrients raises $18 million Series A round led by Woodside Energy  TechCrunch

🇩🇪 Cartken Raises $10M for Its Profitable Delivery Bots Ottomate

🇺🇸 Restaurant SaaS allO secures $5M Tech EU

🇦🇹 🇩🇪 Tree.ly secures €5M Seed for European carbon offset projects Tech EU

🇺🇸 Foray Bioscience Raises $3M to Restore Forests With Plant Cell Culture Tech Vegconomist

🇨🇱 ByBug nets $1.4m for recombinant protein production Tech EU

🇩🇪  Carbon compliance platform kolum raises €2.1M Pre-Seed AgFunderNews

🇫🇷 The VERY Food Co. Closes Funding Round, Bringing Total Capital Raised to Over €1M Vegconomist

M&A, IPOs & partnerships

🇮🇳 Umami Bioworks partners with Indian organizations to scale cultured seafood production The Cell Base

Funds, grants & accelerators

🇺🇸  Flagship Pioneering Raises $3.6 Billion to Fuel Breakthrough Innovations that Transform Human Health and Sustainability Flagship Pioneering

🇪🇺 European Investment Fund puts €350M into Kembara’s deeptech and climate fund Tech EU  

🇺🇸 $50,000 Post-Harvest Loss Innovation Prize – Factor[e] Ventures Factor[e] Ventures

🇺🇸 Clean Crop Receives $1.2 Million from the Massachusetts Manufacturing Innovation Initiative  Business Wire

People moves

🇺🇸  ADM Appoints Monish Patolawala as Executive Vice President and Chief Financial Officer Business Wire

Other news

🇺🇸 Ahimsa Companies Acquires Good Catch Production Facility from Gathered Foods Vegconomist

🇺🇸 Ray of hope for farmers using DJI ag spray drones following release of Senate version of defense spending bill AgFunderNews

🇺🇸 Big Idea Ventures unveils plant-based seafood co Bayou Best Foods, acquires IP from New Wave Foods AgFunderNews

🇺🇸 Bovaer is ‘creating a self-sustaining carbon inset market for American agriculture’ says Elanco AgFunderNews

🇺🇸 After Popular Demand, the Beyond Orange Chicken is Back at Panda Express Green Queen 

🇬🇧 Moa harvests global deal for new herbicide PR Newswire

🇬🇧 🇧🇪 Huge study aims to unearth knowledge of ‘largely unexplored’ subsoil AgTechNavigator

🇺🇸  Syngenta and Intrinsyx Bio to Offer New Biological Solution to Boost Crops’ Nutrient Use Efficiency Business Wire

🇺🇸 UNLIMEAT Introduces Its K-Vegan Products at Sprouts Farmers Market PR Newswire

🇺🇸 PepsiCo Selects Eight Trailblazing Food and Beverage Start-Ups for Greenhouse Accelerator Program PR Newswire

🇨🇱 Nestlé Enters Blended Meat Space with Soy-Based ‘Meat Extender’ Green Queen

🇺🇸 Plant-Based Blue Cheese by Climax Foods Launches on Grocery Delivery Service Good Eggs Vegconomist