9º Clean: Energy, Logistics & Batteries. Agro/Food tech - 8th July


  • U.S. regulators last week approved two companies, Upside Foods and Good Meat, to begin selling cultivated poultry products. Link
  • Market Map: Foodtech serves up big ideas as deals shrink. Link

Startups raising funds

  • Omeat, an LA-based cultivated meat developer, raised $40m from S2G Ventures, GV, Bold Capital Partners, Tyson Ventures, Rethink Food, Trailhead Capital and Cavallo Ventures. Link
  • Adamo Foods, a British developer of whole-cut steak made from mycelium, raised £1.5m from SFC Capital and Innovate UK. Link
  • 1MT Nation, an Estonian carbon removal startup, raised €1m from Warmeston OÜ and Margus Kohava. Link
  • DePoly, a Swiss developer of plastic recycling tech, raised around $13.8m in seed funding. BASF VC and Wingman Ventures co-led, and were joined by Beiersdorf, Infinity Recycling, CIECH Ventures and Angel Invest. Link
  • Baskit, an Indonesian supply chain startup, raised $3.3m in seed funding from Betatron, Forge, 1982, Investible, DS/X, Orvel and Michael Sampoerna Link
  • Service4Charger, a Berlin-based EV charging infrastructure startup, raised €10m. BP Ventures led, and was joined by Smart Energy Innovationsfonds. Link
  • Airmo, a German developer of satellites that monitor greenhouse gas emissions, raised €1.5m in pre-seed funding led by Findus Venture (plus secured a €3.7m contract with the European Space Agency). Link
  • Sage Geosystems, a Bellaire, Texas-based geothermal energy and storage developer, is raising up to $20m in Series A funding. It previously raised $11m in strategic funding. Link
  • Fly.io, a Chicago-based app delivery network, raised $70m in Series C funding. EQT Ventures led, and was joined by insiders Andreessen Horowitz, Dell Capital and Intel Capital. Link (🔐)
  • Material Evolution, a British cement decarbonization startup, raised £15m in Series A funding. Kompas VC led, and was joined by Norrsken VC, Circle Rock and SigmaRoc. Link
  • Vok Bikes, an Estonian maker of e-bikes for last mile deliveries, raised €3.8m from SmartCap, Metaplanet and Sunly. Link
  • Renewabl, a London-based developer of hourly-matched renewable energy certificates, raised £1.1m in pre-seed funding from South Pole, QVentures, Portfolion and Syndicate Room. Link
  • Arrival (Nasdaq: ARVL), a London-based EV design and manufacturing company that went public in 2021 via a SPAC, has canceled a subsequent SPAC merger with Kensington Capital Acquisition Corp. V (NYSE: KCGI). Link
  • WasteFuel, a Pacific Palisades, Calif.-based startup that seeks to convert agricultural and municipal waste into bio-methanol, raised $10m in Series B funding. BP Ventures led, and was joined by A.P. Moller Maersk and i(x) Net Zero. Link

M&A and Private equity deals

  • Shift, a London-based logistics startup that's raised over $25m in VC funding, agreed to buy the brand and IP assets Tuffnells, a British parcel delivery service that collapsed earlier this month. Link
  • Faraday Future (Nasdaq: FFIE), an LA-based luxury EV maker whose market cap has dropped to $300m, raised $90m co-led by existing backer ATW Partners. Link


  • Intilion, a German lithium-ion energy storage firm, said it’s prepping a Q3 IPO in Frankfurt. Link (🔐)

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