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Food and Beverage North America

Coda Signature Announces Funding Round to Support Growth

– Coda Signature has announced a new funding round to help the company attain its immediate objectives.
– Led by its current investors, Granite Hall Partners, Gotham Green Partners and Salveo Capital, the company has an additional $6M to put towards North American expansion, R&D of new technologically innovative products, and to bring new expertise into the Coda team.
– Lisa McClung, who joined Coda as a Board Member in March 2020 and was named CEO in October 2020, brings 25 years of business success directing the growth of successful brands.
– Notable accomplishments include supporting the most significant product expansion in company history while at the William Wrigley Jr. Company and developing three ecommerce business units for the General Electric Company that were spun-off into a stand-alone public company, GE Healthcare.

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Asia Food and Beverage Food Processing Organic Food Retail

Plant-based food startup Next Gen lands $10M seed round from investors including Temasek

– Singaporean plant-based food startup Next Gen raised $10m in seed funding.
– The round was led by Temasek, K3 Ventures, EDB New Ventures (an investment arm of the Singapore Economic Development Board), NX-Food, FEBE Ventures and Blue Horizon.
– The company plans to launch its plant-based “chicken” brand TiNDLE in Singaporean restaurants next month.

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Food and Beverage Food Delivery North America

MealMe raises $900,000 for its food search engine

– MealMe.ai, a food search engine, raised $900k in pre-seed funding.
Palm Drive Capital led the round, with participation from Slow Ventures and CP Ventures.
– TechCrunch first became familiar with MealMe when it presented as part of the Techstars Atlanta demo day last October, mentioning it in a roundup of favorite startups from a group of the accelerator’s startup cohorts.
– The company’s product allows users to search for food, or a restaurant. It then displays price points from various food-delivery apps for what the user wants to eat and have delivered. And, notably, MealMe allows for in-app checkout, regardless of the selected provider.
– The service could boost pricing and delivery-speed transparency amongst the different apps that help folks eat, like DoorDash and Uber Eats.

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Europe Food and Beverage Food Processing

Mosa Meat completes $85m Series B investment round

– Mosa Meat completes $85m Series B investment round.
– The round was led by Blue Horizon Ventures and includes Nutreco and Jitse Groen.
– Mosa Meat will use the funds to extend its current pilot production facility at its home in Maastricht, develop an industrial-sized production line, expand its team, and introduce delicious cultivated beef to consumers.
– This third closing of $10m brings the total raised in the round to $85m.

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Consumer Delivery Service E-Commerce Food and Beverage Food Delivery Grocery North America

Sustainable Online Grocery Company Imperfect Foods Raises $110 Million

– Imperfect Foods is a sustainable online grocery company.
– The company raised $110m in Series D funding.
– The round was led by Hamilton Lane and Blisce, and joined by existing investors, including Accel, Greycroft, and Advancit Capital.

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3D Technology Asia Food and Beverage Food Processing

Redefine Meat Raises $29M in Series A Funding

– Redefine Meat is a Rehovot, Israel-based alt-meat company.
– Company closed a $29m in series A funding.
– The round was led by Happiness Capital and Hanaco Ventures, joined by CPT Capital, as well as other new international investors including Losa Group, Sake Bosch, and K3 Ventures.
– The new investment will be used to expand its meat portfolio and support its commercial launch and international growth in 2021, on the back of the slated completion of a large-scale production facility for its industrial 3D Alt-Meat printers set for later this year.

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Asia Food and Beverage

Unovis Finalizes Investment in Green Butcher, Indonesia’s First Plant-Based Meat Producer

Unovis Asset Management is pleased to announce the closing of its investment in Indonesia-based startup, Green Butcher, which is developing plant-based alternatives to chicken and beef using natural, whole food ingredients.
– The seed round funding will be used to support additional R&D hiring and help Green Butcher scale its production in anticipation of a launch into mainstream retailers in Q2 2021.
– Unovis made this investment through its New Crop Alternative Protein fund.
– Founded by Max Mandias and Helga Angelina, the co-founders of Burgreens, the largest plant-based restaurant chain in Indonesia, Green Butcher is creating plant-based products that are specifically developed to go well with Asian comfort food.

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Food and Beverage Food Processing North America Snack Food

Rule Breaker Snacks Secures Funding

– Rule Breaker Snacks, maker of vegan, gluten-free, allergy-friendly treats, announced Bimbo Ventures, has made a minority investment in the company.
– Grupo Bimbo is the world’s largest baking company.
– Rule Breaker Snacks manufactures wholesome, clean-ingredient snacks that are vegan, gluten-free, kosher, nut-free, non-GMO, and free from the top eleven allergens including dairy, eggs, sesame, soy and wheat. All Rule Breaker Snacks feature chickpeas as the first ingredient and are packed with protein and fiber.

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Biotechnology Food and Beverage North America

New Age Meats Raises $2M in Extended Seed Round

– New Age Meats a Berkeley, Calif.-based cultivated and plant-based meat startup raised $2m in a seed extension round.
– The round was led by a large industry player in Asia who for now must remain confidential, Peter Rahal’s Litani Ventures, ff VC, SOSV, Innovating Capital, San Diego Tech Coast Angels, BeniVC, Oceanic Partners, Deep Ventures, and Climate Capital.
– The funding will enable the company to expand the team experienced in bringing products from inception to mass market.

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E-Commerce Europe Food and Beverage Food Delivery Mobile Apps

Flipdish Raises €40M in Funding

– Flipdish, a Dublin, UK-based online ordering and loyalty platform for takeaways and restaurants, raised €40m in funding.
Tiger Global Management made the investment.
– The company intends to use the funds to grow its international presence, continue to build a product for its restaurant partners and attract new customers from independents to large food chains.
– Founded by brothers Conor and James McCarthy in 2015, Flipdish puts restaurants, cafes and takeaways of all sizes in control of their business growth with a digital ordering and marketing system to build brands, grow profits and turn customers into regulars.

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