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Food and Beverage Food Processing North America Organic Food

GOOD Meat, a Division of Eat Just, Inc., Raises $267 Million, Adds Former USDA Secretary to Advisory Board

– Eat Just, Inc. announced that its GOOD Meat division has secured $97 million in new funding.
– The overall $267 million fundraise is the largest to date in the burgeoning cultivated meat sector, which analysts predict could become a $25 billion global industry by 20301.
– New and previously announced investors include UBS O’Connor, a hedge fund manager within UBS Asset Management; Graphene Ventures; K3 Ventures; Resilience Reserve, a venture capital fund founded by entrepreneur Rob Reid and TED curator Chris Anderson; businessman Fernando Chico Pardo and others.
– GOOD Meat will use the funds to increase capacity and accelerate research and development for high-quality, real meat made directly from animal cells.
– ABG, LLC; BofA Securities, Inc.; Guggenheim Securities and VERSO Capital advised on the transaction.

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E-Commerce Food and Beverage Grocery North America Organic Food Subscription Service

Misfits Market Announces $225M Series C-1 to Accelerate Category and Market Expansion

– Misfits Market has closed a $225M Series C-1 round led by SoftBank Vision Fund 2 and with participation from Accel.
– The investment brings the company’s valuation to $2B and the overall funding raised by Misfits Market to $526.5M.
– The additional capital will be used to fuel nationwide expansion and increase the selection of items available to customers as Misfits Market builds a complete online grocery platform.
– On the heels of Misfits Market’s Series C round in April 2021 and during a pivotal period of change in the broader grocery industry, the company has experienced sustained growth as it makes headway on its mission to eradicate food deserts in America by 2025.

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Consumer Goods Food and Beverage North America Organic Food

Misha’s Kind Foods Raises $3M in Seed Funding

– Misha’s Kind Foods is a Los Angeles CA-based plant dairy alternative company.
– The company raised $3M in seed funding.
– The round was led by Marcy Ventures Partners Fund II with participation from L.P., Chris Paul, Lisa Shamus & Partners.
– The new investment will be used for product development, retail expansion and staff growth.

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Food and Beverage North America Organic Food

Undercover Snacks Raises $13.7M in Funding

– Undercover Snacks, a East Hanover NJ-based maker of chocolate snacks, raised $13.7M in funding.
– The round was led by Octagon Capital Holdings with participation from 900 Chocolate Investors and the company’s founders.
– The new investment will be used to support growing retail footprint, including collaborations with major retailers, campaigns to bolster upcoming product launches, expansion of a SQF-8.1 production facility including additional production lines and automation, and investments in building the management team.

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E-Commerce Food and Beverage North America Organic Food Retail Wholesale

Urban Remedy Closes $18M Series D Funding

– Urban Remedy from Point Richmond, CA offers certified organic ready-to-eat meals, snacks, and cold pressed juices.
– The company closed $18m Series D funding.
– The round was led by Manna Tree with participation from Builders Fund and Obvious Ventures.
– The new investment will be used to expand the company’s operations and support further manufacturing efficiencies and increased consumer awareness through digital marketing investments.

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Baby Consumer Goods Food and Beverage North America Nutrition Organic Food

Little Spoon scoops up $44M to grow its children’s nutrition delivery service

– Little Spoon, a baby and children’s meals startup, raised $44m in Series B funding.
– The round was led by Valor Equity Partners, with participation from Kairos HQ.
– The company has raised $73m in total funding since it was founded in 2017.

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Food Processing North America Organic Food

Rise Gardens grows with $9M Series A to help anyone be an indoor farmer

– Rise Gardens, an indoor, smart hydroponic company, raised $9m in Series A funding.
– The round was led by TELUS Ventures and joined by True Ventures, Amazon Alexa Fund, and Listen Ventures.
– The company has a total of $13m in venture-backed investments since Rise was founded in 2017.

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Food and Beverage Food Processing Organic Food Retail Southeast Asia

Next Gen Foods to launch its plant-based chicken in the U.S. after raising a $20M seed extension from investors like GGV

– Singapore-based Next Gen Foods will bring its plant-based chicken alternative to the United States after raising a $20m seed extension.
– Investors included GGV Capital, Bits x Bites, Yeo Hiap Seng, Chris Yeh, and Dele Alli.
– The first $10m was already the largest seed funding ever raised by a plant-based food tech company, based on data from Pitchbook, and now the round totals $30m.
– Part of the funding will be used to fill 50 roles in the U.S. for its research and development, sales, supply chain and finance and marketing teams.

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Baby Food and Beverage North America Organic Food

Tiny Organics Raises $11M In Series A Funding

– Tiny Organics, a NYC-based early childhood nutrition company, closed an $11m Series A funding round.
– The round was led by Springdale Ventures with participation from InvestEco, Silas Capital, Human Ventures, VegInvest, Babylist, Gaingels, XFactor Ventures, Natureza and Howard Morgan.
– The company intends to use the funds to continue to expand operations, build the brand and customer awareness in the market, and develop new product categories and sales channels.

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Food and Beverage Food Processing Fruit North America Organic Food

RIND® CLOSES $6.1 MILLION FUNDING ROUND LED BY VALOR SIREN VENTURES

– RIND®, makers of functional and sustainable whole fruit snacks, announced the closing of a $6.1m Series A capital raise led by Valor Siren Ventures, an early-stage investor in sustainability, food, food technology, retail, and retail technology, along with a follow-on investment from Melitas Ventures.
– RIND® has disrupted the dehydrated snack category with its “skin-on superfruit” that maximizes nutrition, minimizes food waste and helps combat childhood hunger through a newly launched school snacks campaign.
– RIND® grew revenues five-fold in 2020 and expects to more than triple sales this year while expanding its retail presence to over 3,000 locations.

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Agriculture Farming Food and Beverage Machine Learning North America Organic Food

Bowery Farming Inks $300M Series C Round

– Bowery Farming, the largest vertical farming company in the United States, has secured $300m in additional funding.
РThe round was led by Fidelity Management & Research Company LLC, with significant follow-on investment from existing investors GV (formerly Google Ventures), General Catalyst, GGV Capital, Temasek, Groupe Art̩mis (Pinault-owned), as well as new participation from Amplo and Gaingels, a fund representing the LGBTQ community and allies.

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Food and Beverage Food Processing North America Organic Food

GOOD Meat, a Division of Eat Just, Inc., Secures $170 Million to Scale Meat Without Slaughter as Demand Grows

– Eat Just, Inc. announced that its GOOD Meat division has secured $170m in new funding.
– With this transaction, GOOD Meat becomes a subsidiary of Eat Just, which announced a $200m fundraise in March.
– The latest investment from funds managed by UBS O’Connor, a hedge fund manager within UBS Asset Management, Graphene Ventures, K3 Ventures and others, will be used to increase capacity and accelerate research and development for high-quality, real meat without slaughter.

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E-Commerce Food and Beverage Grocery North America Organic Food Subscription Service

Discount grocery startup Misfits Market raises $200M

– Misfits Market, a startup known for selling “ugly” fruits and vegetables at discount prices, announced that it has raised $200m in Series C funding.
– The company says this brings its total funding to $301.5m and moves its valuation into unicorn territory (i.e. above $1bn).
– Founder and CEO Abhi Ramesh told me that the Delanco, New Jersey-based startup has expanded beyond produce into a variety of grocery categories.

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North America Organic Food

Quantum Energy Squares Raises $2.5 Million in Funding and Adds U.S. Pro Soccer Player Jozy Altidore to Its Team

– Quantum Energy Squares, a plant-based energy bar powered by organic caffeine and macronutrients, announced today the addition of Jozy Altidore, Major League Soccer (MLS) All-Star, to their expanding lineup of investors.
– In this series seed round, the brand raised $2.5 Million.

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Food and Beverage Food Processing North America Nutrition Organic Food

Eat Just Closes $200 Million in New Funding to Accelerate Growth

– Eat Just, Inc. announced that it has secured $200m in a new funding round led by the Qatar Investment Authority (QIA), the sovereign wealth fund of the State of Qatar; joined by private investment firm Charlesbank Capital Partners and Vulcan Capital, the investment arm of the estate of Microsoft co-founder and philanthropist Paul G. Allen.
– The industry-leading food tech startup, which has raised more than $650m since its founding in 2011, will add QIA and Charlesbank to its Board of Directors.
– BofA Securities, Inc., acted as lead placement agent and ABG, LLC, advised on the investment that will be used to build capacity for Eat Just’s pioneering products; accelerate research and development programs and build its brands in key international markets.

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Delivery Service Food and Beverage North America Organic Food

Vegano Completes $4.2M Series A Funding Round

– Vegano is a plant-based meal-kit delivery service company.
– The company completed a $4.2m Series A funding round.
– The round brought total funding to $6m since it was founded in March 2020 and its post-money valuation to $14m.
– The company intends to use the funds to expand its go-to-market strategy, business development and marketing efforts, accelerating new product development, and preparing for the launch of its vegan marketplace this coming April.

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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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Data Integration North America Organic Food Product Research Sustainability

HowGood Announces $6M In Funding

– HowGood, a SaaS data platform for the food and personal care industries, has raised a $6 million investment round led by Contour Venture Partners.
FirstMark Capital, Danone Manifesto Ventures, Trailhead Capital and others also participated.

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