The Week in AgriFoodTech: Mombak lands $17m in debt, ClearCOGS secures $3.8m, OlsAro bags $2.8m

This week carbon-removal-focused startup Mombak raised capital to expand reforestation efforts in the Amazon, Chicago-based restaurant predictive analytics provider ClearCOGS closed a seed round, and Swedish startup OlsAro raised funds to expand its crop breeding platform.

Elsewhere, UK vertical farmer Jones Food Company was placed into administration and BENEO opened a $57 million pulse-processing facility in Germany.

Startup funding

 ???? Mombak lands $17m in debt to expand reforestation efforts in the Amazon LatamList

???? ClearCOGS secures $3.8m in oversubscribed seed round to transform restaurant operations and tackle food waste NewsWire

???? OlsAro raises $2.8m pre-seed round to expand AI-enabled climate smart crop breeding platform OlsAro [Disclosure: AgFunderNews’ parent company AgFunder is an investor in OlsAro.]

???? Switzerland’s Catchfree raises $1.5m to scale production of innovative plant-based seafood Vegconomist

???? Finnish functional mushroom biotech KÄÄPÄ bags $1m investment to scale operations Nutraceutical Business Review

???? AgNext Technologies Receives Investment From THG Finsmes

???? Eratani closes Series A to boost food security and rice production across Indonesia AgFunderNews [Disclosure: AgFunderNews’ parent company AgFunder is an investor in Eratani.]

M&A, IPOs & partnerships

???????? Eat Just strikes deal with VFG to take plant-based JUST Egg to Europe AgFunderNews

???????? Liberation Labs heads to Saudi Arabia as NEOM Investment Fund ventures into biomanufacturing AgFunderNews

???? French startup Standing Ovation to create recombinant milk proteins from Bel Group’s whey waste Green Queen

???? Manus and Inscripta merge to create a leader in industrial biomanufacturing Manus

Funds, grants & accelerators

???????? PeakBridge FoodSparks closes four seed investments, from botanicals for gut health to functional mushroom extracts AgFunderNews

???? JPMorgan AM raises $1.5bn for forest & climate solutions fund ESG Today

People moves

???? GFI CEO Ilya Sheyman announces departure; SVP of Policy Jessica Almy to serve as Interim CEO; GFI to launch national search for next CEO Good Food Institute

Other News

???? The death of cultivated meat has been greatly exaggerated, says report as Vow predicts it will soon be ‘unit margin positive’ AgFunderNews

???? BENEO opens $57 million pulse-processing facility in Germany Vegconomist

???? UK vertical farmer Jones Food Company placed into administration Just Food

???? AgriDex launches the all-in-one solution for agricultural payments Globe Newswire

???? The Better Meat Co. secures patent for turning potato sidestreams into mycoprotein Potato Business

???? Cellva shifts focus to microencapsulation technology with launch of cocoa substitute Vegconomist

???? MiAlgae submits plan for full-scale microalgae production plant in Grangemouth BusinessGreen

???? Revo Foods launches “plant-based 3.0” mycoprotein product to move beyond meat imitation Food Ingredients First

???? AgriFoodtech ‘sandbox’ launched in Spain Alt-Meat

???? Zepto changes parent company’s name ahead of IPO Fortune India

???? Rollins overhauls, renames Climate-Smart Commodities initiative Successful Farming

???? GMO/Toxin Free USA sues Perfect Day alleging misleading claims about “Animal Free Dairy” PR Newswire

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