FH Ventures: 6 FoodTech's raising now

Hi there,

Not a marketing gimmick, not an exaggeration - the quality of companies that have applied to the next FoodHack Demo Day is wild 🔥

It's looking to be one of the most interesting batch of companies yet. Most of which have never been featured here before.

If you want to attend and get early access to the companies pitching, make sure to apply to attend this week.

☕️ Ansā (Searching Lead)

📍 HQ: Israel💸 Raising: $6M USD🙋‍♂️ CEO: Yuval Weisglass (exited founder - acquired by HARMAN, Bsc Electrical Engineering, Holon Institute of Technology)👀 Existing investors: - Millenium Food-tech- Close Loop Ventures- New Climate Ventures💡 Pitch: "Israeli deep-tech startup re-imagining the $350b coffee value chain - bringing a sustainable and viable alternative to industrial coffee roasting. ansā's technology brings coffee roasting to the point of consumption - driving up quality, pushing for significant environmental impact and allowing for a game-changer cost reduction."📈 Traction:- We've successfully launched our solution in the US market with some of the nation's largest food and coffee service providers.- Over $250K in ARR booked in 6 months since launch.

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🧫 denovoMATRIX (Searching Lead)

📍 HQ: Germany💸 Raising: €3M EUR🙋‍♂️ CEO: Dejan Husman (Masters of Science, Molecular BioEngineering, TU Dresden)👀 Existing investors: - HTGF- TGFS- TUDAG💡 Pitch: "Stem cells are needed at large scales to bring cultivated meat to market. denovoMATRIX is enabling cell manufacturing across scales, shortening development times and dropping costs"📈 Traction:- >100 customers- €300K revenue (2022 YTD)- 30% repeat customers- Released 4 product lines since inception- €4 Mio. raised since 2018

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🍫 Nukoko (Soon to open)

📍 HQ: United Kingdom💸 Raising: $2M USD🙋‍♂️ CEO: Ross Newton (ex-Founder Mighty Fine)👀 Existing investors: n/a💡 Pitch: "Chocolate is broken. We have completely rethought the composition of the chocolate bar, utilising cutting edge technology, to create a product that will save it."📈 Traction:- 18 months of internally funded RnD to create a patentable MVP

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🍨 Pink Albatross (Closing Soon)

📍 HQ: Spain💸 Raising: €2.5M EUR🙋‍♂️ CEO: Luke Saldanha / Pepe Biaggio (co-CEOs)👀 Existing investors:- Rockstart- Katjesgreenfood- Clave Capital / Tech Transfer Agrifood Lanzadera "💡 Pitch: "We make indulgent, plant-based and clean-label (i.e. natural) ice cream. We cater to consumers who want great ice cream, but don’t want the associated negative consequences related to health, sustainability and animal rights."📈 Traction:- Sales are up 4x this year- Distribution is up 3x this year- We broke through the €100K monthly sales threshold in May, and then did it again in June & then again in July.- We received several awards for our products (Carrefour, Great Taste 2022) - Our ice creams emit 50% less CO2 and need 60% less land and water than dairy ice cream. "

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🍛 Plate Impact (Searching Lead)

📍 HQ: Sweden💸 Raising: €1.2M EUR🙋‍♂️ CEO: Anton Lindegren (M.Sc. Industrial Engineering and Management)👀 Existing investors: n/a💡 Pitch: "Our purpose is to help restaurants create customer, chef, and management awareness of the climate impact of their meals. We do so by providing an emission calculating software targeting the restaurant sector."📈 Traction:- We have closed ~50% of our pre-seed round of 4 MSEK (375 KEUR), mainly through angel investors.- We are now looking to close the round during September.- By acquiring a market-ready product, we have a product that is ready for sales and a current customer base of ~30 paying restaurants.

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🥣 Yummo's (Closing Soon)

📍 HQ: United Kingdom💸 Raising: £500k GBP🙋‍♂️ CEO: Hassan Muzaffar👀 Existing investors: - Kale United- Capital V- Gifted Ventures💡 Pitch: "Yummo's is a high protein, low sugar, plant powered nutrition brand. Our founding team has experience from Europe's fastest growing nutrition brands (Huel, Grenade, Myprotein and Waterdrop)."📈 Traction:- D2C Website and first products launched in June 2022. - Interest from Ocado (leading online UK retailer). Good potential for a listing in Q4 2022. - Distribution secured in Iceland - Discussions with interested distributors in Europe, Asia and the Pacific's.

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🔥 Popular Last Week

🍋 Proteme - "Developing an ecological food coating solution for fruits & vegetables that extends their shelf life and protect them against storage diseases. It acts as a second skin and plays two main roles: a physical barrier as it limits gas exchanges with the atmosphere and a biological barrier as it actively fight against fungal and bacterial growth"Raising: €800k EUR

🦟 Sibo - "We are bridging the gap between insects & food using biotech & data science to develop ingredients and biomaterials that will prevent health problems, improve nutrition and accelerate sustainability."Raising: $3.2M USD

☕️ The Kawa Project - "Upcycling industrial waste from coffee brewing factories into novel plant-based fats that can mimic animal fats, such as fats from pork and poultry. Later, we intend to introduce protein made from one of our industrial byproducts."Raising: $3.2M USD

🧀 Funding Spotlight: Nutropy

👋 Founders: Nathalie Rolland and Maya Bendifallah📆 Founded: 2021📍 Country: Paris, France 💸 Funding: $2M pre-seed💡 The pitch: "Nutropy programmes yeast to produce bio-identical milk ingredients, which are fed sugars, minerals and vitamins in bioreactors to produce milk ingredients that are harvested. And their first aged cheeses have the potential to use significantly less natural resources, emit less greenhouse gasses and are free from lactose and cholesterol."👀 Investor inc: FoodHack, Beast, Big Idea Ventures, Trellis Road, VegCapital, Techmind, and the French government.

💡 Quick Reads

👵 Nutrition for seniors - aka healthy ageing - has enormous potential to save on healthcare costs, enhance consumers’ wellbeing and lead to a reduction in lifestyle diseases.

With chronic illnesses on the rise, older consumers are looking to supplements, healthy meal plans, functional foods and more to keep themselves in shape. And F&B companies are recognising the promise of this market to sharpen up their offerings tailored at those aged 65 and over.More on that here

🎙 Great Listen: Say what you want about Keith Rabois - but the dude clearly get's people. GP at Founders Fund and an early investor into DoorDash, Affirm, Opendoor and more. In this episode, he reveals more about his investment strategy, how he identifies the alpha founders and how you're probably not making the most of your time.

💡 Good Idea: Have been saying this for awhile - but finding technical talent for foodtech / biotech startups is one of the biggest bottlenecks to scaling up. Our jobs board really works - but there's so much more that can be done to drive talent placement in this space.

🏭 USA Infrastructure: The news I think many of us have been waiting for, the Biden administration is catching onto the opportunity that biotech and biomanufacturing can have for the economy and this could potentially be huge for US foodtech growth. More countries need to follow-suit asap.

🍅 GMO Tomato: "After nearly 20 years of development, the USDA approved UK-based Norfolk Plant Sciences’ purple tomato for commercial use — significant for its potential health benefits. The team used genes from the snapdragon flower to produce anthocyanin, an antioxidant-rich pigment also found in blackberries that may lower the risk of cancer."

😅 Bit of Fun

ouch.

Thanks for reading, and feel free to forward this to a Food/Climate investor who might enjoy the read too.

As always - let me know what did you think of today's edition?

😁 Love It 😐 Meh 😕 Hate it

Arman Anatürk Co-Founder & CEO @FoodHack (HackVentures)

Disclaimer: ‍Investing in startups and early stage businesses involves risks, including illiquidity, lack of dividends, loss of investment and dilution. This communication is intended for experienced investors, with sufficient experience and knowledge to understand the processes and risks involved. Do your DD, make your own decisions, invest aware, your capital is at risk.