Scaler, the free, interactive tool, aims to help companies project costs at commercial scale. 🇺🇸 Synonym Bio launches “techno-economic analysis” for fermentation. A former Nextbite alleges the layoffs violate the Worker Adjustment and Retraining Notification Act (WARN Act). 🇺🇸 Nextbite & Ordermark facing class-action lawsuit over layoffs. However, a reduction in forest loss in Indonesia provides some hope. 🇮🇩 COP26 plan to end deforestation is “well off track,” says Global Forest Watch. ( FinSMEs) Mushrooms from Smallhold’s indoor farm. The fund will invest in early-stage startups working on “sustainable” and “regenerative” protein. 🇺🇸 New alt-protein firm Joyful Ventures raises $23 million. The fund will invest in pre-seed, seed and early-stage startups addressing the evolution of agriculture. 🇺🇸 Innova Memphis announces $40 million first close of its Innova Ag Innovation Fund VI. It will invest in startups developing breakthrough technologies for agriculture, food, climate, and the rural economy. 🇮🇳 Omnivore makes $150 million first close of its third fund. Image credit: Innova Memphis Funds, grants & accelerators ( PR Newswire) An AI-generated version of the Innova Memphis vision: Farmer and robot working together on the farm of the future. The two are producing alt-ice cream made with chlorella. 🇸🇬 🇳🇱 B2B protein company Sophie’s Bionutrients teams with Danish Technological Institute. Sandton acquired the company for an undisclosed sum from troubled vertical farm company Kalera. 🇺🇸 PE firm Sandton Capital Partners buys vertical farm seed breeder Vindara. The two will develop biological crop products for agriculture. 🇺🇸 🇮🇹 Microbial discovery startup AgBiome partners with chemicals giant Lamberti. The buyout comes as Light Year’s founder steps down from his role at the food delivery company. 🇨🇳 Food delivery giant Meituan buys AI startup Light Year for $281 million. ( Fruitnet) Image credit: AgBiome M&A, IPOs & partnerships The investment brings Stacked’s total capital to AUD $98 million ($65 million). 🇦🇺 Family office Tayside Australia invests in automated indoor farming startup Stacked Farm. Icos Capital, Soulmates Ventures and others participated in the round.
🇪🇪 eAgronom raises €5 million ($5.4 million) to expand its carbon program in Europe and Africa.
New venture synonym series#
The investment is part of eFishery’s Series D round. 🇮🇩 🇦🇪 Abu Dhabi Sovereign Wealth Fund ADQ invests $20 million into aquatech startup eFishery. ( AFN) Gibran Huzaifah, co-founder and CEO, eFishery. Funds will go to advancing commercial partnerships, increasing headcount, and progressing towards pilot scale technology demonstration. 🇺🇸 Bio-manufacturing startup Hyfé raises $9 million seed round led by Synthesis Capital. Bluu Seafood will use the funds to scale up its cultivated fish production. 🇩🇪 Bluu Seafood secures €16 million ($17.5 million) Series A led by Sparkfood & LBBW. Dohmen Company Foundation’s Impact Investment Fund led the round. 🇺🇸 Everytable raises $25 million series C-2 for meal delivery service. Outside of funding, Nextbite is facing a lawsuit over its May layoffs and Joyful Ventures launched a new alt-protein fund. This week, prepared meals service Everytable raised new funding along with cultivated fish startup Bluu Seafood and aquatech company eFishery.
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