FoodHack’s Post

1️⃣1️⃣ FoodTech Funds and Funding announcements from this week 🇪🇸 Seaya closed its latest climate tech fund, ‘Andromeda’, with €300 million, bringing its assets under management to €650 million and making it the largest venture firm in the country. 🛒 Rohlik.cz secured $170 million, having served 800,000 customers in 2023. It plans to launch in ten more European cities in the next six years and will launch its tech platform licensing initiative later this year. 🇲🇼 The International Fund for Agricultural Development (IFAD) and Government of Malawi launched a $53 million agricultural development programme to help combat food insecurity in the country. 🇧🇷 Gênica, based in Brazil, raised $12 million in a funding round led by Mitsubishi’s Agrex Group, and claims it’s the largest amount raised so far for ag biologicals in the country this year. 🌾 eAgronom secured €10 million Series A2 funding to encourage farmers into more sustainable farming practices by incentivising them with its carbon credit program. 📦 Vytal raised €6.2 million, in a funding round led by Emerald Technology Ventures, for its digital reusable packaging system, which it operates across restaurants and canteens in 17 countries. 📲 Cluby, based in Finland, raised €2.9 million seed funding for its digital platform, which enables every restaurant to connect with their customers digitally to help encourage repeat business. 🌾 Aurea Imaging raised €2.8 million in Series A funding, specialising in sensor systems for orchard farming. 🥘 Australian startup ReciMe secured $1.5 million in a seed funding round led by Even Capital. Its cooking app is designed to help home cooks organise, share and shop their recipes, and it will use the funds to further expand its presence in the US. 💨 Scientists at the University of Galway received a grant of €1.4 million from the Irish government to support research into novel technologies for methane mitigation in beef and dairy farming. 🏭 Spanish plant-based food tech VANETTA FOOD raised €400,000 to open the first plant-based factory in Galicia for products based on traditional vegetable proteins, with a focus on artisan-inspired production for the B2B2C channel. Congratulations to Beatriz Gonzalez, Beth Faus, Ana Rocha, Carlos Fisch, Bert Rijk, Águeda Ubeira, Christine Nguyen, Ivy Nguyen, Will Kent, Kalle Ek, Joel Leino, Pekka Koskinen, Tomáš Čupr, Fernando Reis Robin Saluoks, Dr. Tim Breker, Josephine Kreische, Fredric Petit Catch the full recap: https://lnkd.in/eTJH5hYK PS announcing your round soon? Drop me a note so we help get the word out here at FoodHack 👉 laura@hackgroup.org

Excerpt from last week's FoodTech Weekly conversation Andrew Massaro of Stable Foods (https://lnkd.in/dvgr4a4b) I chatted with Andrew as he was walking home from work in Nairobi, Kenya. Andrew started out with a little reflection: ‘Like many upper middle-class suburban Americans I studied abroad during university and saw that the rest of the world was a very different place.’ Andrew wanted to fix the problems he saw through business, but had big student debts after school which led him to work for Big Auto in Detroit. ‘But after a few years it was clear that not only was I bored but I wasn’t contributing to meaningful change for people who need it, so I paid off my loans and went back into social impact’, Andrew says. After jobs in Rwanda and Kenya, he met a venture builder called Pyramidia Ventures which was looking for a CEO for Stable Foods — and Andrew got the job. Stable Foods works with smallholder farmers to increase their yield, targeting 10x output increases. In the process, the company transforms subsistence farmers into small scale commercial farmers and creates ancillary jobs in rural areas — in farming, logistics, packhouses, etc. Stable Foods’ innovation is their Irrigation-as-a-Service (IaaS) product where farmers pay a small monthly fee for irrigation on their plot, sort of like a monthly mobile cell contract. The irrigation increases annual yield (it increases the output per plant, increases the number of growing cycles, and allows for counter cyclical selling, which can give farmers a 3-4x higher price), and IaaS requires no CAPEX or up front purchase from the farmer. Andrew explains: ‘The farmers with whom we work are smart and industrious; they know they can make a lot of money from onions, tomato, and so on, they just lack the water access to enable the high yield sale of those high value products. IaaS provides them that opportunity, and the irrigation even acts as an insurance product for them since they don’t have to worry about drought.’ Once Stable Foods has ensured irrigation, they move on to providing seeds, credit, training, and guaranteed market off take, to further help the farmers. Some have seen output increases of more than 10x. This increased output could lead to farmers making 1M shillings ($7,000) per year, a substantial amount in rural Kenya. ‘By replicating IaaS all over, we can turn Kenya into a food exporting country within 10 years. We are trying to do something absolutely massive here. I don’t see any reason why this model cannot successfully transform rural agriculture’, Andrew excitedly states. Stable Foods currently has 44 FTEs (full-time employees), and in 2022, Acumen and Mercy Corps Ventures invested $600K. The company is currently raising a $2M Seed round to expand ‘beyond the point of profitability’. Andrew can be reached via LinkedIn.

Transforming Agriculture and Food in South-Southeast Asia: The Rise of AgTech and FoodTech Startups!! The agricultural and food landscape in South-Southeast Asia is undergoing a profound transformation, thanks to the pioneering efforts of AgTech and FoodTech startups. These innovative ventures are reshaping the way we produce, distribute, and consume food, addressing critical challenges and driving sustainable development in the region. To get a glimpse into the impactful journey of these startups and the positive changes they are bringing about join us at the South Asia Agri Summit from the 18th to the 20th of January 2024 in Bangkok. The summit is organized by the Bharat Subcontinent Agri Foundation and Tefla's. 🚀 Technological Innovations are Driving Efficiency: AgTech startups are leveraging cutting-edge technologies such as precision farming, IoT, and AI to optimize crop management, improve resource utilization, and enhance overall agricultural productivity. While, FoodTech companies are streamlining supply chains, reducing food waste, and introducing innovative solutions for storage and transportation, ensuring that more food reaches the end consumer. 🌐 Access to Markets and Financial Inclusion: AgTech platforms are connecting farmers directly with markets, reducing the role of intermediaries and ensuring fair prices for produce. The integration of financial technology in agriculture is empowering smallholder farmers by providing access to credit, insurance, and other financial services, fostering economic inclusivity. The success of these startups is not in isolation but through collaboration with governments, NGOs, and traditional players in the agriculture and food sectors. By fostering partnerships, these startups are creating a more resilient and adaptable ecosystem that can address complex challenges and capitalize on emerging opportunities. As AgTech and FoodTech startups continue to thrive in South-Southeast Asia, the potential for positive impact is immense. From sustainable agriculture to meeting consumer needs, these startups are playing a pivotal role in shaping a more resilient, efficient, and inclusive future for the region's food and agriculture sector. Let's celebrate at South Asia Agri Summit the innovators driving this change and look forward to a future where technology and sustainability go hand in hand for a thriving South-Southeast Asian food ecosystem! South Asia Agri Summit provides an opportunity for all the participants of the Agri-Food ecosystem in the region to discuss and collaborate for nurturing the vibrant AgTech and FoodTech sectors. 🔗 To participate as a startup for demonstrating your solution in front of global corporations and marquee investors register by visiting https://lnkd.in/dPBpkKCn. Thanks to Sudhakar TOMAR, KAILASH SINGH, vivek agrawal, Aadil Singh, Aseem Singh, Vijay Narasimhan, Omkar Dravid for this great event. #UnclutterFoodAgriculture

14 new funding rounds and funds to kickstart 2024 🧺 Online grocery company Picnic Technologies secured €355 million to expand its presence in France and Germany. 💰 Precision fermentation pioneer Perfect Day raised a pre-series E funding round of ‘up to $90 million’ to support its next chapter, and announced that co-founders Ryan Pandya and Perumal Gandhi are stepping down. 🤖 Burro secured $24 million Series B funding in a round co-led by Catalyst Investors and Translink Capital. 🇮🇸 Iceland’s GeoSalmo, which is focused on advancing land-based salmon farming, raised €13.4 million to support construction of a state-of-the-art hybrid flow-through salmon farm. 🇯🇵 The Japanese government awarded grants worth $19.6 million to two alternative protein startups: plant-based egg company UMAMI UNITED and cell culture technology firm IntegriCulture. 🌾 Indian agritech Fasal - Grow More, Grow Better™ secured $12 million in a Series A funding round led by TDK Ventures and British International Investment. 🍄 Enifer secured a recycling and reuse investment grant of more than €12 million to build its first commercial-scale PEKILO® mycoprotein ingredient factory. 🦟 Nasekomo secured €8 million Series A funding to fuel its mission of becoming an AI-assisted Insect Bioconversion leader. 🐌 British biotech FA Bio raised £5.3 million, in a funding round led by Clean Growth Fund, to help restore the biodiversity of degraded soils and increase crop productivity. 🇫🇷 Ensemble, the plant-based protein brand by French food processing giant Tereos, secured €4 million from the Co-operative Group to triple the production of its Marckolsheim plant in Alsace this year. 🧀 France’s Standing Ovation received €3 million from the French government and Bpifrance to support its CASPEX project, which aims to produce precision fermentation-derived caseins for novel dairy products at scale. 🥃 Scottish whisky app Bevvy , which allows users to scan the label of any whisky bottle and receive tasting notes as well as valuations, secured $1.5 million seed funding to support its expansion into new market regions. 💰 Kost Capital completed the first close of its targeted €25 million first fund, with which it will support 20-25 pre-seed and seed-stage European startups using renewable biological resources to produce future food solutions. Its portfolio includes ÄIO, Numi, and nutrumami. 🇰🇷 Better Foods, a plant-based subsidiary of South Korean retail giant Shinsegae, secured investment from Cleveland Avenue, a VC firm founded and run by a former president & CEO of McDonald's. 🎩 Hats off to the founders and teams 👏 Simo Ellilä Joosu Kuivanen Kasper Hulthin, Christian Tang-Jespersen, Mark Emil Hermansen, Jacob Lee Ørnstrand, Bodil Sidén, Paul Archambeau, Romain Chayot, Hiroto Yamazaki, Yuki Hanyu, Ananda Verma, Olga Marcenac, Marc Bolard Check out all the latest funding rounds: https://lnkd.in/eNPyJHaU

Some highlights from FoodTech Weekly #158 (https://lnkd.in/dcp_P5Nb) sent this morning: 🛑 U.S. high-tech indoor farm company AppHarvest, which had raised over $500M in funding, has filed for Chapter 11 bankruptcy. In related news, Square Roots (which was founded by Tobias Peggs and Kimbal Musk, brother of Elon, back in 2016) has paused commercial operations at its 4 farms, and laid off most of its staff 💰 Swedish indoor circular farm startup Johannas Stadsodlingar AB has received a SEK 8.8M ($0.85M) grant from Sweden’s innovation agency Vinnova, to construct an automated, circular food production facility in Morgongåva, Sweden, going operational in mid-2024 💰Long Island, New York vertical farming startup CubicAcres LLC has raised a $3.7M funding round to construct a fully automated vertical farming facility capable of producing one million heads of lettuce annually 💰Oshi (formerly Plantish) and The Better Meat Co. have been awarded a $1M grant from the BIRD Foundation to develop mycoprotein-based salmon fillets 💰Israeli algae-based ingredient startup Brevel has scored a $18.5M Seed round, led by NevaTeam Partners and joined by e.g. the European Union’s EIC Fund. The round also included non-dilutive grants from e.g. the EU’s Horizon 2020 program and Israel Innovation Authority רשות החדשנות. Brevel’s ingredient is a neutral-tasting complete protein that can be used by alt protein companies; the first products featuring Brevel’s ingredient are dairy-free cheeses from Vgarden, expected to launch in 2024 🤖 Rice Robotics of Hong Kong, which develops robots for outdoor and indoor delivery as well as for security and disinfection, has scored $7M in pre-Series A funding 🤖Also in China, Shenzhen robotics company BOTINKIT secured $13M in Series A funding to automate and standardize cooking for chain restaurants 🗑️ A proposed bill in California aims to cut food waste by reforming the confusing standard phrases for expiration dates such as ‘sell by’ ‘best before’, ‘enjoy by’ and so on, and replace them with either ‘best if used by’ (in reference to freshness) or ‘use by’ (in reference to food safety) 💵 Big Idea Ventures (full disclosure: I’m a mentor there) has announced its first New Protein Fund II investments. So far, Big Idea Ventures has made 110+ investments in 30 countries 💵 Supply Change Capital announced a $40M fund, which will invest in tech and consumer companies in the food space. Prime Movers Lab also raised $245M for a new early-stage fund that will include in several sectors including agriculture 🤩 New FoodTech jobs available at Fermify (Austria), New Culture (U.S.), Mosa Meat (Netherlands), NitroFix (Israel) and Animals.ai (Sweden). ...and much more! Subscribe now at: https://lnkd.in/d8mUXXH5 #FoodTech #foodtechweekly #agtech #startup #funding #tech #foodhack #innovation #farming #technology #food #agriculture #science

Some highlights from FoodTech Weekly #194 (https://lnkd.in/dZca9VjT) this morning: 💰 U.S. indoor ag company Vertical Harvest Farms has secured $59.5M in project financing from the USDA and others to develop and operate a 51K sq. ft (appr. 4,700 sq. m) hydroponic vertical farm in downtown Westbrook, Maine. In related news, Canadian modular vertical farm startup Growcer has clinched $3M in funding 💶 German FoodTech startup Cultimate Foods, a B2B cultivated fat supplier for the alt protein industry, has scored €2.3M (appr. $2.5M) in a round led by HTGF | High-Tech Gründerfonds and joined by Big Idea Ventures, Kale United, Life Science Valley Wachstumsfonds, and b.value AG. The startup produces a a fat that it says elevates the taste and texture of plant-based meat 💰 BioLumic of New Zealand has raised $5M from AgriZeroNZ to develop a high-producing, low-emissions farm pasture using ultraviolet light. The company targets a 2-3% increase in lipids (fat) in e.g. ryegrass; this cuts livestock methane emissions by over 12% 💶 Würzburg, Germany-based AIPERIA has hauled in €7.5M (appr. $8M) in Series A funding, led by ETF Partners and LBBW VC, alongside existing investor Earlybird VC. AIPERIA develops tech that optimizes fresh food ordering for retailers and suppliers, thus reducing waste 💰 Serve Robotics has generated $40M through an IPO on the Nasdaq and is now preparing to deploy 2,000 delivery robots on U.S. streets by the end of 2025, delivering restaurant items to customers 💶 AmphiStar of Belgium has pulled in €6M (appr. $6.4M) from the European Circular Bioeconomy Fund (ECBF), Qbic, and others, to turn agrifood waste into biosurfactants — a key ingredient for cosmetics, chemicals, and construction materials typically made from fossil-free fuels 💶 VitalFluid B.V. of Eindhoven, The Netherlands has bagged €5M (appr. $5.3M) in Seed funding from Future Food Fund and others for its sustainable alternative to pesticides and fertilizers ✅ Senoptica Technologies of Ireland has gained FDA approval for its tech that uses optical sensors created by food-safe ink, to measure oxygen levels inside packaged foods to predict spoilage before it happens 🇨🇮 Orange, Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, and the EU are committing €7.6M (appr. $8.2M) in funding to back AgriTech startups in Ivory Coast, specifically in sustainable cocoa ✅ Argentina-founded Moolec, which uses molecular farming to grow animal protein in plants, has received regulatory approval from the USDA for its plant-grown meat proteins. The company e.g. grows what it calls Piggy Sooy, bioengineered soybeans that produces porcine myoglobin. 🤩 New jobs at chunk foods (Israel) and Essential (Kenya) ...and much more! Subscribe now at: https://lnkd.in/d8mUXXH5 #FoodTech #foodtechweekly #agtech #startups #funding #tech #innovation #farming #technology #food #agriculture #science

Week 22 - Startup spotlight ❇️FarMart is a SaaS-based food supply platform that connects buyers and sellers of agricultural products, aiming to digitize the agricultural supply chain. The company has recently raised INR 24cr (US$ 2.8mn) from Swiss asset manager responsAbility Investments AG. Far Mart has undergone two significant pivots: from a tractor marketplace to an agri-fintech platform and now to a SaaS-led B2B food supply platform. ❇️Problem Solved: FarMart addresses several challenges in the agricultural supply chain, including Farm-to-Retail Efficiency by connecting farmers directly with retailers and factories, Far Mart reduces the need for intermediaries, resulting in lower costs and higher profits for farmers. ❇️Differentiation:  - Digitization: FarMart's platform is built on a SaaS model, providing a digital solution for the agricultural supply chain - Scalability: FarMart will use the fresh proceeds towards building a carbon-efficient food supply chain - Inorganic Growth: The company is eyeing inorganic growth through acquisitions, aiming to expand its presence globally and in specific geographies In March 2022, it acqui-hired fruits and vegetables logistics platform Subjimandi.app to optimize its logistics and expand its product portfolio. ❇️Founders: Co-founder and CEO of FarMart - Alekh Sanghera, who, along with his childhood friend Mehtab Singh Hans, founded the company to solve the problems faced by farmers. Alekh Sanghera, has a background in mechanical engineering, with a brief stint at The World Bank. Mehtab Singh, the other co-founder, hails from a family of farmers from Punjab, BBA from Christ University, Bangalore has also worked with Goldman Sachs. ❇️Competitors: FarMart competes with: DeHaat: A full-stack agritech startup offering end-to-end agricultural services. Ninjacart: A fresh produce supply chain platform connecting producers with retailers. WayCool Foods: A food and agriculture tech company operating a single supply chain for farmers to retailers. ❇️Investors:  Swiss asset manager responsAbility Investments AG invested US$ 2.8mn in the latest round. Far Mart has scooped up nearly US$ 50 mn to date including a US$ 32mn Series B round in March 2022 from General Catalyst, Matrix Partners India, and Omidyar Network India.   ResponsAbility Investments AG specializes in private market investments across three themes: Financial Inclusion, Climate Finance, and Sustainable Food. ResponsAbility managed a climate fund that signed loan agreements with four Indian financial institutions including Clix Capital, Kinara Capital, Annapurna, and Electronica Finance Limited Finance. Other investments in India include WINGREENS WORLD, Aye Finance Pvt. Ltd and BluSmart. Subscribe to our DL for early-stage investment insights: https://lnkd.in/g--buMEt Akshay Garg Rohit Rawat Preksha Razdan Kulmani Rana Sources: Company website, Entrackr, YourStory Media. Video source: FarMart's YouTube channel

The latest roundup of FoodTech funding 👇 Strap in, it's a big one 💺 🇺🇸 The Biden administration announced investments worth $195.9 million into 185 agricultural producers and rural entrepreneurs 💰 NordZucker AG is investing more than €100 million into a new production facility for pea proteins. 🫛 Ripple Foods raised $49.2 million, bringing its total investment to date to $274 million. 🙌 Adam Lowry, Neil Renninger 🥗 Swedish company Matsmart - Motatos raised €40 million in a funding round led by Circularity Capital. 👉 Karl Andersson 🇩🇪 The German government has apportioned €38 million for the promotion of alternative proteins. 💸 Liberation Labs secured a $25 million government-backed loan to build its first US commercial-scale precision fermentation facility. 👏 Mark Warner 🐟 Digital solution provider for the shrimp farming industry JALA raised $13 million Series A funding to scale its services. 🔝 Liris Maduningtyas 🇮🇹 Soplaya raised €12.5 million in a funding round led by Sinergia Venture Fund. 🎉 Mauro Germani 🗽 Malou secured more than $10 million in funding for its AI-powered platform with an all-in-one solution for restaurants. 👍 Louiza Hacene, Victor Sage, Waad Toumi 🍎 Ryp Labs secured $8.1 million Series A funding for its bio-inhibitor stickers, which extend the shelf life of fresh produce. 👏 Moody Soliman ☀️ Solar Foods secured €8 million Series B funding as it works to commercialise its Solein protein. 👉 Pasi Vainikka 🍹 Spirited Brands raised $4.5 million seed funding ahead of launching two low-alcohol canned beverage brands early next year. 🔝 Melanie Nelson 🇰🇪 Amini raised $4 million in a seed funding round led by Salesforce Ventures and the Female Founders Fund. 👏 Kate Kallot 🇳🇬 PricePally raised $1.3 million seed funding to expand its online grocery store for affordable fresh produce and packaged food. 👀 Luther Lawoyin 🥤 Virtue Drinks secured £1.2 million to accelerate growth of its natural energy drinks. ⚡ Rahi Daneshmand 🇩🇪 Quazy Foods secured €800,000 pre-seed funding to prepare for the pilot stage of its microalgae production. 🥳 Berenike (Nixe) Zimmer, Arvid Seeberg-Elverfeldt 🍄 Mush Foods has been awarded $250,000 in the Grow-NY Food and Agriculture Business Competition. 👏 Shalom Daniel 🔬 Kynda received a non-dilutive grant from the country’s Ministry of Food and Agriculture. 🎊 🍄Daniel MacGowan von Holstein, 🍄 Franziskus Schnabel 🪰 Grubbly Farms closed its Series A funding round, which uses black soldier fly grub protein to create healthier and more sustainable pet food. 👍 Sean Warner, Patrick Pittaluga 💸 GrowinCo. secured capital from Mandi Ventures to support further expansion into the US market. 🙌 Raphael Traticoski 🍝 SKKY Partners, acquired a “significant minority stake” in specialty condiment brand Truff. Sign up for next week's round up: https://lnkd.in/eiiB4ixj Curated by Nicola Spalding

Catch up on this week's FoodTech Funding headlines 🍼 ByHeart, which makes infant formula, secured $95 million to support its continued launch in the US, plus its plans for product development. 🧬 Prolific Machines, Inc. raised $55 million Series B1 funding for its photomolecular platform, which uses light to develop novel proteins for the food and medicine industries at significantly lower costs. 💰 The Bezos Earth Fund awarded North Carolina State University $30 million over the next five years to establish the first Bezos Center for Sustainable Protein, as part of its $1 billion pledge towards food system transformation. 🐟 Indonesian aquaculture company eFishery secured $30 million from HSBC Indonesia to accelerate the roll out of eFeeder, its automatic feeding product for small-holder farmers, which speeds up the crop cycle by up to 74 days. 🇧🇷 Brazilian accelerator Darwin Startups announced a $20 million fund to support pre-seed and seed-stage startups working across sectors including health, agriculture, education, and logistics. 🇲🇦 YoLa Fresh, based in Morocco, raised $7 million pre-Series A funding to further scale its platform, designed to directly connect the country’s small-holder farmers with fruit and vegetable retailers. 🍓 US-based IntelliCulture raised $3.5 million to expand its operations. Its farm management software helps growers plan equipment maintenance and labour, track activities such as sprays and harvests, and ensure compliance with industry and safety regulations. 🍫 Israeli startup Kokomodo emerged from stealth with $750,000 in funding from The Kitchen Hub and the Israeli Innovation Authority to produce cell-based cocoa and chocolate products. https://lnkd.in/eC9aX9Jn

𝗛𝗼𝘄 𝗦𝗼𝘂𝘁𝗵 𝗞𝗼𝗿𝗲𝗮'𝘀 𝗔𝗴𝗿𝗶𝗙𝗼𝗼𝗱𝗧𝗲𝗰𝗵 𝗶𝘀 𝗿𝗲𝘃𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝗶𝘇𝗶𝗻𝗴 𝘁𝗵𝗲 𝗴𝗹𝗼𝗯𝗮𝗹 𝗺𝗮𝗿𝗸𝗲𝘁. South Korea is not just famous for K-pop and dramas. It's making waves in farming and food technology, known as K-Agrifoodtech. From new food products to smart farming methods, it's becoming a major player globally. K-Agrifoodtech is part of the global foodtech market valued at USD554.2 billion, with Korea's share at USD 46.4 billion as of 2020, growing over 30% yearly since 2017. 𝗧𝗵𝗲 𝗞𝗼𝗿𝗲𝗮𝗻 𝗪𝗮𝘃𝗲 𝗮𝗻𝗱 𝗕𝗲𝘆𝗼𝗻𝗱 Korean culture has taken the world by storm, from beauty products to food. Between 2017 and 2021, export growth of these products was 13.7% per year, much higher than the national average. K-Agrifoodtech is following in these footsteps, bringing the latest farming and food technologies to the world stage. 𝗔𝗙𝗥𝗢 𝟮𝟬𝟮𝟰: 𝗔 𝗦𝗵𝗼𝘄𝗰𝗮𝘀𝗲 𝗼𝗳 𝗜𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻 In July 2023, Seoul hosted the first Agri-Food Technology K-Startup Expo (AFRO 2023). Over 250 companies showcased cutting-edge technologies in smart farming, advanced food tech, and eco-friendly biotechnology. This July, COEX will hold AFRO 2024, featuring startups and the latest trends and products that can transform businesses. 𝗪𝗵𝘆 𝗔𝗴𝗿𝗶𝗳𝗼𝗼𝗱𝘁𝗲𝗰𝗵 𝗠𝗮𝘁𝘁𝗲𝗿𝘀 Agrifoodtech combines farming with technology to tackle big challenges like climate change and food security. It aims to produce more food with fewer resources, making farming more sustainable and efficient. 𝗘𝗺𝗽𝗼𝘄𝗲𝗿𝗶𝗻𝗴 𝗙𝗲𝗺𝗮𝗹𝗲 𝗘𝗻𝘁𝗿𝗲𝗽𝗿𝗲𝗻𝗲𝘂𝗿𝘀 The agrifoodtech sector in South Korea boasts a growing number of female entrepreneurs. Market leaders like Kim Seulah, Founder and CEO of Kurly, bring fresh ideas and energy. Kurly's dawn delivery service has changed food delivery, making it a major player. 𝗟𝗼𝗼𝗸𝗶𝗻𝗴 𝗔𝗵𝗲𝗮𝗱 South Korea's agrifoodtech industry is set to keep growing, driven by innovation and strong government support. With increasing challenges related to food security and sustainability, South Korea is well-positioned to lead with its advanced technologies and forward-thinking startups. If you're excited about this trend in Korea, DM me "AGTECH" and let's discuss how you can leverage this impact with your tech. P.S: This is part of The Newsletter The Meat Trader's Journal powered by @MeatTradinghub.