Food waste
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Launched in 2015 in Brussels, EIT Food was established by the not-for-profit European Institute of Innovation & Technology (EIT) and funded by the European Union as an investor and accelerator. Its aim is to support mainly European startups in foodtech areas ranging from traceability to alternative proteins, with sustainability a key deciding factor in the startups it backs from pre-seed to Series-B level. The organization currently has 55 startups in its portfolio, which raised more than €91m in investments in 2020. Its most recent investments include 700,000 Swiss francs (€637,000) in the seed round in January 2021 of Swiss biotech SwissDeCode, a company that applies DNA testing to food traceability. Another investment was the December 2020 €900,000 seed round of Spanish compostable-packaging tech Food Sourcing Specialists.
Launched in 2015 in Brussels, EIT Food was established by the not-for-profit European Institute of Innovation & Technology (EIT) and funded by the European Union as an investor and accelerator. Its aim is to support mainly European startups in foodtech areas ranging from traceability to alternative proteins, with sustainability a key deciding factor in the startups it backs from pre-seed to Series-B level. The organization currently has 55 startups in its portfolio, which raised more than €91m in investments in 2020. Its most recent investments include 700,000 Swiss francs (€637,000) in the seed round in January 2021 of Swiss biotech SwissDeCode, a company that applies DNA testing to food traceability. Another investment was the December 2020 €900,000 seed round of Spanish compostable-packaging tech Food Sourcing Specialists.
The first in Asia and third in the world to create alternative protein from methane, offering a cost-effective, circular economy solution, producing high-protein animal feed.
The first in Asia and third in the world to create alternative protein from methane, offering a cost-effective, circular economy solution, producing high-protein animal feed.
Founded in Berlin in 2016, Atlantic Food Labs’ mission is to support startups with the potential to feed 10bn people by 2050. It has supported 20 companies to date and its most recent investments include in the German healthy last-minute delivery service Gorillas’ $290m Series B round and in the €5.9m seed round of B2B German retail connection service Magaloop in March 2021.
Founded in Berlin in 2016, Atlantic Food Labs’ mission is to support startups with the potential to feed 10bn people by 2050. It has supported 20 companies to date and its most recent investments include in the German healthy last-minute delivery service Gorillas’ $290m Series B round and in the €5.9m seed round of B2B German retail connection service Magaloop in March 2021.
Mustard Seed MAZE is a Lisbon-based VC firm that invests in early-stage startups, primarily in social impact enterprises. Endowed with €40m, the VC has invested in projects dealing with food wastage, human trafficking, postnatal depression and general healthcare.So far, it has managed one exit, with the majority of its portfolio of 20 companies based in Europe. Recent investment rounds include $3m seed funding for Portuguese mesh network tech HypeLabs, €1.15m seed round for Spanish fintech StudentFinance and $12m Series B round for UK-based food waste app Winnow.
Mustard Seed MAZE is a Lisbon-based VC firm that invests in early-stage startups, primarily in social impact enterprises. Endowed with €40m, the VC has invested in projects dealing with food wastage, human trafficking, postnatal depression and general healthcare.So far, it has managed one exit, with the majority of its portfolio of 20 companies based in Europe. Recent investment rounds include $3m seed funding for Portuguese mesh network tech HypeLabs, €1.15m seed round for Spanish fintech StudentFinance and $12m Series B round for UK-based food waste app Winnow.
Founded in 2020 in Boulder, Colorado, Trailhead Capital is a specialist agtech and foodtech investor that focuses on startups in the US, Canada, Australia and Israel. The VC’s regenerative agriculture portfolio includes investments in food ingredients traceability, food supply chains, reducing food waste and soil health environmental management.Recent investments include in the $12m Series A round of Vence, a US-based producer of virtual fencing wearables for livestock management in May 2021. In February 2021, it also participated in the $6m funding round of foodtech HowGood that specializes in rating the sustainability of grocery products.
Founded in 2020 in Boulder, Colorado, Trailhead Capital is a specialist agtech and foodtech investor that focuses on startups in the US, Canada, Australia and Israel. The VC’s regenerative agriculture portfolio includes investments in food ingredients traceability, food supply chains, reducing food waste and soil health environmental management.Recent investments include in the $12m Series A round of Vence, a US-based producer of virtual fencing wearables for livestock management in May 2021. In February 2021, it also participated in the $6m funding round of foodtech HowGood that specializes in rating the sustainability of grocery products.
Zero-waste app OLIO is rapidly scaling, letting retailers and households donate or swap surplus food and other goods in local communities in 50+ countries.
Zero-waste app OLIO is rapidly scaling, letting retailers and households donate or swap surplus food and other goods in local communities in 50+ countries.
Co-founder and CEO of Magalarva
After graduating in Mechanical Engineering at Universitas Indonesia, Rendria Labde worked for oil and gas firm JGC Indonesia for two years. He left in 2015 to establish PT Magale Sayana Indonesia, a property development company with a unique focus on environmental sustainability. The company completed an eco-living residential complex Sandar Andara and started a new project Magalarva to use insect larvae to process food waste into agricultural products. Rendria became the CEO of Magalarva.
After graduating in Mechanical Engineering at Universitas Indonesia, Rendria Labde worked for oil and gas firm JGC Indonesia for two years. He left in 2015 to establish PT Magale Sayana Indonesia, a property development company with a unique focus on environmental sustainability. The company completed an eco-living residential complex Sandar Andara and started a new project Magalarva to use insect larvae to process food waste into agricultural products. Rendria became the CEO of Magalarva.
Co-founder of Magalarva
Xandega Tahajuansya is a co-founder of property developer PT Magale Sayana Indonesia and STUDIORAMA, an Indonesian art collective. The London School of Public Relations graduate had worked briefly at insurance company Manulife and film studio Kinekuma. Xandega is also a member of the Polka Wars band, together with fellow Magale co-founder Karaeng Adjie. Both are not actively involved with Magalarva, since Magale completed an eco-living residential development and moved on to another project to recycle food waste using larvae.
Xandega Tahajuansya is a co-founder of property developer PT Magale Sayana Indonesia and STUDIORAMA, an Indonesian art collective. The London School of Public Relations graduate had worked briefly at insurance company Manulife and film studio Kinekuma. Xandega is also a member of the Polka Wars band, together with fellow Magale co-founder Karaeng Adjie. Both are not actively involved with Magalarva, since Magale completed an eco-living residential development and moved on to another project to recycle food waste using larvae.
Advanced sous-vide aseptic packaging (ASAP) technology extending the shelf-life of food to two years without refrigeration, preservatives or chemicals, potentially disrupting cold chain logistics
Advanced sous-vide aseptic packaging (ASAP) technology extending the shelf-life of food to two years without refrigeration, preservatives or chemicals, potentially disrupting cold chain logistics
Hyperlocal healthy meal catering and delivery service bringing homemade meals designed by chefs to the workplace; utilizes under-used restaurant kitchens; unsold meals go to charities.
Hyperlocal healthy meal catering and delivery service bringing homemade meals designed by chefs to the workplace; utilizes under-used restaurant kitchens; unsold meals go to charities.
Organic waste-management circular tech producing raw bioplastic for versatile processing uses via its automated waste-processing hardware with garbage-eating cultivated bacteria.
Organic waste-management circular tech producing raw bioplastic for versatile processing uses via its automated waste-processing hardware with garbage-eating cultivated bacteria.
Affordable, healthy and tasty prepped meal kits that busy office workers can order online, pick up on their way home and cook in five minutes.
Affordable, healthy and tasty prepped meal kits that busy office workers can order online, pick up on their way home and cook in five minutes.
Co-founder of eKuaisong
Former manager at DHL and OCS, with six years’ experience in logistics management. Co-founded eKuaisong in 2014 (where he headed operations) and waste recycling brand Taoqibao in 2015.
Former manager at DHL and OCS, with six years’ experience in logistics management. Co-founded eKuaisong in 2014 (where he headed operations) and waste recycling brand Taoqibao in 2015.
Co-founder of eKuaisong
Serial entrepreneur with five years’ experience in O2O startups and 10 years’ experience in IT project management. Co-founded waste recycling brand Taoqibao with fellow eKuaisong co-founder Li Zhaopeng in 2015.
Serial entrepreneur with five years’ experience in O2O startups and 10 years’ experience in IT project management. Co-founded waste recycling brand Taoqibao with fellow eKuaisong co-founder Li Zhaopeng in 2015.
Dubbed the “Uber for trash”, Gringgo brings on-demand waste collection services and location-based recycling information to underserved neighborhoods.
Dubbed the “Uber for trash”, Gringgo brings on-demand waste collection services and location-based recycling information to underserved neighborhoods.
One year on, Logisly gears up for expansion and a busy holiday period
Amid tough competition, Logisly is confident in its unit economics, extensive network and customer satisfaction
Foot Analytics: Turning pedestrian footfall into data for smart cities and retail
Applying sensors and proprietary algorithms to digitalize spaces, Foot Analytics gathers data and insights on customer behavior in retail spaces, stadia and airports
Agritech from Myanmar to Indonesia and beyond: Interview with Jefry Pratama, UMG Idealab
UMG, the Myanmar-based conglomerate, looks to Indonesia for investment and inspiration, with agritech and drones among its focuses
Neil Shen: The super unicorn hunter
His bet on ByteDance, the startup that gave the world TikTok, helped Neil Shen top this year's Forbes Midas List. But for Shen, even in that deal he once made the wrong call
China’s startups have much to gain from the US-China trade war
The prolonged trade conflict may be exactly what Chinese startups need to strengthen their technological capabilities
Patamar Capital’s impact investing: On preferred business model, backing women, Mapan
The pioneer in impact investing in Asia gives us the lowdown on its investment criteria, its new focus on women entrepreneurs and related sectors, how it helps its portfolio companies and more
Smart Agrifood 2021: SVG Ventures's Hartnett, Land O'Lakes's Bekele on disruption in agrifood chain
How US farming cooperative Land O'Lakes and leading CPG brands are working with famers and tech firms to overcome agritech challenges, transform the whole value chain
Catalonia: Spain's fast-rising robotics hub and next opportunity
With the robotics sector on the rise in Catalonia, expect to see more growth ahead, driving opportunities in related segments, especially services
Santara: Sharia-inspired equity crowdfunding for Indonesia's MSMEs
With strong links to local business communities, Santara has big ambitions to become a household name in equity crowdfunding
Despite a lack of infrastructure and threats from middlemen, Aruna continues to help Indonesian fishing communities find buyers for their catch and manage their money better.
Covid-19 symptoms checker and contact-tracing apps, virtual classrooms and 3D video-conferencing platforms are among the array of solutions for homebound adults and kids
With a new focus on smart clinics, healthcare SaaS startup Medigo offers Covid-19 testing
A pivot to revenue-sharing and partnerships to provide Covid-19 testing has given Medigo a fighting chance, with a new funding round on the cards
Kobo360: Nigeria's Uber-style logistics startup turns pan-African dream into reality
Riding on Africa’s new free trade deal, Kobo360 aims to be the continent’s next unicorn by digitalizing logistics ops to transport goods quickly, reliably and more cheaply
Solatom plans overseas expansion with backing from energy giants, impact investor
With a US patent in hand, the Valencian startup is banking on international sales of its concentrated solar power modules, targeting €1m in revenue by end-2021
South Summit 2021: European seed investment is booming post-Covid
Investors from The Fund, Northzone and Pale Blue Dot highlight climate change, consumer credit and business tools as hot areas to follow
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