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Early stage venture capital fund Faad Network has strategically invested $121,000 in four promising agritech startups through its AgriManch accelerator program. The recipients of this pre-seed round are Godaam Innovations, VedaFit Foods, Aqin Biotech (Backed by FAAD), and Mkelly Biotech. FAAD Capital, renowned for its support of early-stage ventures, will extend post-funding assistance to these startups, connecting them with key stakeholders to boost revenue generation and build networks within the agriculture sector, enhancing their go-to-market strategies. Godaam Innovations: Specializes in smart storage solutions aimed at reducing post-harvest losses and improving supply chain efficiency. The company had previously secured $180,000 in external funding. Aqin Biotech (Backed by FAAD): Focuses on increasing survival rates in aquaculture and livestock feed, with formulations that promise a 20-25% increase in survival rates and a 60-70% reduction in mortality. Mkelly Biotech: Offers a premix powder combining millets and mushrooms to enhance the nutritional value of flour and related products, suitable for all age groups. VedaFit Foods: Based in Delhi, this startup is dedicated to eliminating artificial ingredients by providing genuinely healthy and natural food products enriched with essential nutrition. Gurugram-based FAAD Capital collaborates with a variety of industry stakeholders to support agritech startups through its initiative. The firm typically invests between $100k and $500k, covering stages from Pre-Seed to Series A. FAAD Capital manages a portfolio of over 100 startups and boasts more than ten successful exits. #FAADCapital #AgriManch #AgritechStartups #VentureCapital #StartupFunding #AgricultureInnovation #PreSeedFunding #GodaamInnovations #VedaFitFoods #AqinBiotech #MkellyBiotech #SmartStorage #NaturalFoodProducts #Aquaculture #Biotech #EarlyStageInvesting #StartupEcosystem #AgricultureTech #HealthyEating #SustainableAgriculture #AllBoutCorps

Some highlights from FoodTech Weekly #176 (https://lnkd.in/dzVy8-dG) sent this morning: 💰Chicago biotech startup Clever Carnivore has bagged a $7M Seed round led by Lever VC and joined by e.g. Stray Dog Capital, Newfund Capital, Valo Ventures, Thia Ventures, and McWin Capital Partners. Clever Carnivore aims to produce cost-competitive cultivated meat, starting with pork sausage 💰Danish agtech startup Bioomix has landed $6.7M in fresh funding from Westhill Capital, PreSeed Ventures, and Planetary Impact Ventures. The company is working on leveraging naturally occurring microbes to replace pesticides and chemical fertilizer 🏢 A 20-storey urban vertical farm has opened in Chengdu, China, said to be the world’s tallest unmanned veggie farm. It can reportedly produce a lettuce harvest every 35 days. For a long but great rehash of the last 10 years in vertical farming, see this AgFunder News piece (https://lnkd.in/dABDG5bb) by Jennifer Marston 💰Singapore-based Meatiply has done the first close, at $3.75M, of a seed round co-led by AgFunder and Wavemaker Partners, and supported by SEEDS Capital. The startup optimizes cells for cultivated meat, hybrid plant-based products, and also for the nutraceutical and wellness markets 💶 Dutch company Farmless has raised a €4.8M (appr. $5.2M) Seed round backed by World Fund, Vorwerk Ventures, Revent, and a group of angel investors. The company uses a liquid made from CO2, hydrogen, nitrogen, and renewable energy to ferment proteins (with 5000x less land than beef), that can help replace animal-based proteins 🦐 JALA of Indonesia has reeled in a $13.1M Series A round led by Intudo Ventures and joined by e.g. Sinar Mas Digital Ventures, Mirova, and The Meloy Fund (Deliberate Capital). The company develops tech solutions for the shrimp farming industry 💰Biotech company Cradle of the Netherlands and Switzerland has secured $24M in funding to use AI to help scientists design and engineer proteins faster and more cost-effectively 💶 Carbon Maps of Lille, France scored €3M (appr. $3.2M) in extended pre-seed from investors including daphni, Breega, Back Market, and Samaipata. The company calculates several food chain impact indicators including carbon footprint, biodiversity impact, water use, and animal welfare 🌍 At COP28, some 130 countries have signed a pledge to accelerate action on transforming agriculture and food to combat climate change. The signatories make up 76% of food-based GHGs, and produce 70% of food globally 🤩 New jobs at LA VIE™ (France), Zeew (Estonia), NitroCapt AB (Sweden), Djuce (Sweden/U.S.) and Cultimate (Germany) ...and much more! Subscribe now at: https://lnkd.in/d8mUXXH5 #FoodTech #foodtechweekly #agtech #startup #funding #tech #innovation #farming #technology #food #agriculture #science

Faad Network announces a strategic investment of $121,000 into four promising startups through the AgriManch accelerator, focusing on innovations like smart storage solutions and healthier food products. This nurturing step not only provides these startups with capital but also facilitates vital networking that could push them to the forefront of agricultural technology. This development highlights how focused investments can operationalize growth in promising areas of the food tech sector. https://lnkd.in/dvy2wgHT #FoodTech

Some highlights from FoodTech Weekly #205 (https://lnkd.in/dqyzAMeu) sent this morning: 💰🇧🇷 Brazilian AgTech startup Gênica has banked 68M reais (about $12.5M) from e.g. Mitsubishi Agrex and Banco do Brasil for its biological crop treatments that also help improve soil health 💰🇨🇱 ByBug of Chile has scooped up a $1.4M Seed round from Südlich Capital, Arpegio VC, GRIDX, Halcyon Venture Partners, and Atento Capital. The company aims to produce recombinant proteins from genetically engineered black soldier flies, which it claims is cheaper and more scalable than using precision fermentation 💰🇩🇰 Danish startup Matr Foods, which develops plant-based meat alternatives using traditional fungal fermentation techniques, has received an investment from Novo Holdings. The sum is said to be double digit in DKK millions, meaning at least $1.4M 💶 🇫🇷 French AgTech startup Seabex has hauled a Seed round backed by Water Unite Impact; the company uses AI and satellites to optimize water usage 💶 🇫🇷 Also from France, The VERY Food Co. Co has bagged €850K (appr. $920K) for its functional plant-based food ingredients aimed at replacing animal products. The round was backed by e.g. APOK Invest, Bpifrance, and business angels. The VERY Food Co has previously received investment from Big Idea Ventures 💰🇺🇸 Boston, U.S. startup Foray Bioscience has landed $3M in Seed funding from ReGen Ventures, The Engine Ventures, Susquehanna Sustainable Investments, Understorey Ventures, Superorganism, and others. The company has developed a predictive plant cell culture platform, allowing it to grow harvest-free plant-based materials, seeds, and molecules 💶 🇪🇸 Vanetta Foods of Galicia, Spain, which produces plant-based alternatives to meat, has closed a €400K (appr. $430K) funding round, mostly from local business angels 🇺🇸 🍎 U.S. startup Prism has developed a controlled atmosphere container that can be stored in restaurants’ walk-in fridges, allowing restaurants to extend shelf life of produce by 2-3x (and sometimes up to 8x as long) 💰🇨🇦 Tall Grass Ventures of Calgary, Canada has secured $32M CAD (appr. US $23.5M) for its first fund that will invest in early-stage AgTech and FoodTech companies, mainly in Canada 🧑🔬🤖 Massachusetts Institute of Technology researchers have designed a robotic system designed to e.g. pack groceries, and it looks pretty cool. 📉 🐟 Wild salmon is struggling in the Baltic, because it can’t find enough Baltic herring to feed on, as Baltic herring gets scooped up by industrial trawlers to be ground up and become fish feed — for farmed Norwegian salmon. 🤩 New jobs at Cultivated Biosciences ...and much more! Subscribe now at: https://lnkd.in/d8mUXXH5 #foodtechweekly #FoodTech #agtech #startups #funding #tech #innovation

FAAD CAPITAL INVESTS $121,000 IN FOUR AGRITECH STARTUPS TO REVOLUTIONISE AGRICULTURE Indian-based early-stage venture capital fund, FAAD Capital, has strategically invested $121,000 in four agritech startups as part of their AgriManch accelerator program. The investment in the pre-seed round goes to Godaam Innovations, VedaFit Foods, Aqin Biotech, and Mkelly Biotech. Godaam Innovations has also raised an additional $180,000 in external funds. This financial boost aims to empower these startups in their mission to revolutionise the agriculture industry. Godaam Innovations: Offers smart storage solutions to reduce post-harvest losses and boost supply chain efficiency. Aqin Biotech: Patented feed improves animal survival rates by 20-25% and reduces mortality by 60-70%. Mkelly Biotech: Produces premix powder that enriches flour with millets and mushrooms. VedaFi Foods: Provides genuinely healthy, natural products. Vatsal Lunawat from FAAD Capital stated, “Securing funds under AgriManch for these agritech startups and presenting their potential to the right stakeholders has been a rewarding journey. We are opening doors to propel the next wave of agricultural technology in the country and strongly believe in the vision and capabilities of these startups.” To read the complete article click on this link below 👇 https://lnkd.in/eWN4UW-P #agritech #agritechnology

Start-up Poseidona, founded by Sònia Hurtado and María Cermeño, is revolutionizing sustainable food tech by converting invasive seaweed into protein-rich ingredients. Their innovative enzymatic hydrolysis process extracts high-quality proteins from seaweed, aiming to disrupt the plant-based protein market. With a recent €1.1 million pre-seed funding round led by Faber, Poseidona is poised to launch its soy alternative protein concentrate by the end of 2024, paving the way for a more eco-friendly and affordable protein source. #billsby #subscriptionbilling #smallbusinesses #localbusinesses #usabusiness #billingsoftware #getstartednow #businessgrowth #FutureOfWork #SubscriptionManagement #subscriptions #Poseidona #SeaweedProtein #Startups #Innovation #FoodTech #Sustainability

Faad Network Capital Invests $121K in Four Promising Agritech Startups via AgriManch Accelerator! We are excited to share that early-stage venture capital fund FAAD Capital has made a strategic investment of $121,000 in four innovative agritech startups through its AgriManch accelerator program. The startups include: Godaam Innovations: Smart storage solutions to reduce post-harvest losses and enhance supply chain efficiency. VedaFit Foods: Crafting genuinely healthy and natural food products fortified with essential nutrition. Aqin Biotech: Formulations for aquaculture and livestock feed to improve animal survival rates and reduce mortality. Mkelly Biotech: Premix powder combining millets and mushrooms to enhance the nutritional profile of flour and related products. FAAD Capital is not just offering financial support; they are also providing post-funding assistance, helping these startups connect with key stakeholders and build networks within the agriculture sector for an effective go-to-market strategy. Gurugram-based FAAD Capital has a diverse investment portfolio spanning various sectors, with checks ranging from $100K to $500K from Pre-Seed to Series A stages. With over 100 startups and more than ten successful exits, FAAD Capital continues to drive innovation and growth in the startup ecosystem. Stay tuned for more updates on these exciting developments in the agritech space! Read More: https://lnkd.in/guXKaXZ8 #FAADCapital #AgriManchAccelerator #Agritech #StartupFunding #GodaamInnovations #VedaFitFoods #AqinBiotech #MkellyBiotech #Innovation #VentureCapital #StartupEcosystem #AgricultureTechnology #InvestmentNews

📣 Attention #agritech & #bioeconomy #startups: Call to the #BioBoosters #accelerator is now open! Offering: 💎Direct contacts to corporate partners, investors & potential customers 💎Training and mentoring by top mentors who help you to build your growth plan with concrete targets and milestones, and identify the resources and partners needed for successfully executing the plan 💎Access to unique bioeconomy and smart farming testbed environments for testing and validating the new technologies and services 💡 What our customers say? Anicare Oy had succesfully developed and commercialized in several countries their ultralight sensoring device for monitoring the health and wellbeing of production animals. Anicare has worked together with our team to collect market information and interview potential customers in Europe and North America, to test and validate their solution in the BioEconomy Smart Farming testbed environment, and gained useful contacts and grew their investor & industrial partner network in the BioBoosters matchmaking events. Check out what Anicare CEO Aki Marttila has to say: 💪 "Cooperation with BioBoosters has significantly increased our network in the agritech industry, especially contacts with industrial companies and experts in the field. The ValioHackathon was particularly good - As a startup company, there you could dialogue directly with key personnel of an industrial partner. Through student projects, we have been able to speed up our data collection significantly, they yielded concrete results very quickly and produced a lot of other useful market information in addition to data collection. International contacts through BioBoosters help companies map opportunities in other countries, and BioBoosters events bring together a relevant network of startups, very potential investors in this industry and other partners. I can warmly recommend cooperation with BioBoosters to agritechnology startups!" 🙏 Thank you for your kind words Aki Marttila & Anicare Oy! 🙏 👉 Don't miss your chance, check our the open call and apply now: https://lnkd.in/gHJfWMvK 💘 Looking forward to hearing from YOU! 🤝 In collaboration with corporate partners Valtra Inc., AGCO Power Oy, Neste, venture capital company Innovestor, and #BioBoosters Business Accelerator at JAMK University of Applied Sciences and Jamk biotalous | bioeconomy #bioboosters #bioeconomy #agritech #agrifoodtech #agtech #sustainablefood #smartfarming #datadrivenagriculture #sustainability #startup #scaleup #innovation #accelerator Minna Lappalainen Hannu Haapala Liinamaaria Hakola Aalto Anna Hanna Lampinen-Vilkkilä Eija Iso-Ahola Milla Pohjola Annemari Sinikorpi Petri Lakka Matti Härkönen

Read about our partner, Natural Products Canada in our summer Bio Bulletin! Working with the ‘right people’ is key to startup success …………….. Entrepreneurs with very early-stage companies need a solid business plan, some investment and a marketable product if they hope to succeed.   Startup founders supported by Natural Products Canada (NPC) told Research Money there’s also one key ingredient necessary to bring all the other pieces together to propel a new company forward: the right people.   “Investors shouldn’t get a ticket to the table just because they invested money. You really want the right group to be involved,” said Hamlet Abousi, co-founder and CEO of Vancouver-based NovoBind, which is developing safer antimicrobial alternatives to antibiotics used in livestock production.   Early-stage or angel investors can sometimes forget there’s a lot of knowledge and expertise – and etiquette – required to maintain respect around a table at a startup company, he said. Fledgling entrepreneurs need to be able to sit and work with brilliant entrepreneurs and other experts who “really exemplify leadership in that space,” he added.   Through NPC’s support, “we learn from different experts who absolutely deserve respect and a seat at the table,” Abousi said. “What NPC has done is go get that expertise where you really want to listen.”   READ MORE: https://lnkd.in/dX4UiXZ5   Thanks to @Mark Lowey Research Money for sharing this article.

⏰ The deadline for the EIT Food Accelerator Network and EIT Food Seedbed Incubator has been extended! These programs have numerous upsides for entrepreneurs - personalized support to boost growth, qualified introductions and network access, events and pitch opportunities... - don't hesitate to reach out with questions. #plantbased #newingredients #alternativefat #alternativedairy #alternativeprotein #biotech #fermentation #sugarreplacement #algae #fungi #cleanlabel #upcycling #naturalpreservatives #startups #foodtech