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AgFunder launches impact fund for agrifood tech startups

ImpactAlpha, August 11 – San Francisco-based venture capital firm AgFunder launched its GROW accelerator in Singapore last year to support Asia’s agrifood tech ecosystem. It’s now adding an impact fund to support seed and Series A ventures, including companies from GROW’s first cohort.  The fund is targeting $20 to $30 million to make investments of

EIT Food invests €5.5 million in COVID relief for European food startups

ImpactAlpha, August 10 – EIT Food makes early investments in European companies advancing a sustainable food system. The initiative of the European Institute for Innovation Technology committed bridge funding to help 13 startups weather COVID disruptions and continue research and development.  The companies include Poland’s plant-based protein startup NapiFeryn, which will use the funding to

Animal-free proteins are growing revenues and raising capital

ImpactAlpha, July 13 – Companies producing animal-free proteins are growing revenues and raising capital. The food-tech firm Perfect Day raised $300 million to produce animal-free dairy proteins, including a $50 million investment from Canada Pension Plan Investment Board’s investment group Thematic Investing. Alternative-meat company Nuggs, now rebranded as Simulate, raised $4.1 million to launch a