Base Capital

Data snapshot: From ‘lightning in a box’ to microbial carbon capture, agrifoodtech investment moves upstream in Australia as investors focus on climate mitigation

A data review of 2023's ten largest Australian agrifoodtech raises, topped by Loam Bio's US$73.2 million Series B, showing funding down 33% as capital concentrated in upstream climate-mitigation startups.

Six Australian startups that secured $94 million in capital this week

Roundup of six Australian startup raises totalling $94 million: Q-CTRL, Hnry, FoodByUs, F4S, STRAAND and Lenexa Medical, backed by investors including Salesforce Ventures, AirTree, Base Capital, Investible, Unilever Ventures and Stoic VC.

Also stoicam.com.au

The week in agrifoodtech: Plant-based salmon reels in $12m, new funding for ag robots, Impossible layoffs

Weekly agrifoodtech roundup: funding for FoodByUs, New School Foods, BloomX and others, acquisitions by CropX and Growy, plus layoffs at Impossible Foods and Glovo.

Also AgFunderNews·AgFunderNews

Catering marketplace FoodByUs raises $12 million in Series B

A wholesale hospitality procurement marketplace has closed a Series B led by a South African venture firm, with a New York investor, a Melbourne group and its founding backer also participating, after a 2021 raise.

Also AgFunderNews·SmartCompany·AgFunderNews

Restaurant supplier marketplace FoodByUs raises $10 million series A

Australian hospitality procurement marketplace FoodByUs has raised a $10 million Series A led by Macquarie Capital, with Base Capital and F J Labs participating, to fund sales, marketing and product development.

Also AgFunderNews·SmartCompany·SmartCompany·SmartCompany·SmartCompany·Startup Daily