FoodByUs

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

What venture capital funds expect in 2023

Australian venture investors AirTree, Blackbird, Square Peg and OneVentures review their 2022 deployment and fund raises and predict capital efficiency, venture credit, consolidation and selective funding will shape 2023.

Also Blackbird Ventures portfolio·Virescent Ventures·Startup Daily·SmartCompany·Startup Daily·SmartCompany·SmartCompany·Startup Daily·Startup Daily·Startup Daily·SmartCompany·SmartCompany·Startup Daily·SmartCompany·Startup Daily·Startup Daily·Startup Daily·Startup Daily·RenewEconomy·TechCrunch Venture·Forbes Australia

How FoodByUs grew its supplier network from 200 to 2200 in less than 12 months

Profile of FoodByUs covering its supplier network growth, customer-focused strategy, and its past $10 million Series A raise, with co-founder Ben Lipschitz sharing lessons on innovation.

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

Food marketplace ChefPrep raises $3 million less than a year after launching to kickstart growth

Sydney meal marketplace ChefPrep has secured $3 million in seed funding led by Artesian Ventures and Global Founders Capital, following an earlier angel round, to grow its restaurant network and delivery zones.

Also Startup Daily·Techboard·SmartCompany·Startup Daily·Startup Daily

At-home entertaining startup Gathar taps Curtis Stone's star power for US expansion

Gathar, an Australian private chef platform, expands into the US with Curtis Stone, following a post-seed raise; the piece also recalls FoodByUs' series A and notes other food-tech players.

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

Ten Aussie startups that raised a total of $267 million this week

Weekly roundup of Australian startup raises, including Airwallex's Series E extension, Fleet Space's Series B and Montu's record crowdfunding, plus Giant Leap raising $19.5 million toward a $50 million second fund.

Also SmartCompany·Startup Daily·Startup Daily·SmartCompany·SmartCompany·Business News Australia·startupscaleup.com.au·SmartCompany

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