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At Rethink Events’ Future Food Tech Summit in London last month, investors discussed the challenges of the past, present and future of food tech investment ....
FoodTech is booming in Europe and is growing exponentially. In 2020, €3 billion went into European FoodTech companies (State of European Tech Report, March 2021), and the pandemic has accelerated demand as consumers have shifted to grocery delivery. The industry has also been affected by the rise of direct-to-consumer food brands. Finally, the pandemic created […] ....
Portugal’s pet tech Barkyn raises €3 million bones in Series A extension, closes at €8 million April 28th, 2021. Matosinhos, Portugal-based pet products and wellness provider Barkyn has extended its Series A round to close at €8 million. The funding is expected to take the company’s product development for walkie-walkies, as well as expand further into Southern Europe, primeowily Portugal, Spain and Italy. “Barkyn is a unique company within Southern Europe, where the region has higher levels of pet ownership but no inspiring digital pet wellness brands,” comments Five Seasons’ partner Niccolo Manzoni. Founded in 2017 by André Jordão, Barkyn gives loving pet owners a mechanism for helping to extend their best friend’s longevity through a customised balance of in-house developed nutrition and supplements, all delivered to the customer’s door via a subscription model. Notably, Barkyn has created Barkyn Complex, a trademarked anti-inflammatory ....
Barkyn, a wellness startups for pets in Southern Europe, hits an $9.6M Series A round Barkyn, a European subscription service for pets that combines food with tele-vet services, has raised a further €3 milion ($3.6M) from FoodTech investor Five Seasons Ventures, extending its previous Series A to €8M, and total funds raised to date to €10M. Five Seasons Ventures joins previous investors Indico Capital Partners, All Iron Ventures, Portugal Ventures and Shilling Capital. Barkyn is in the same space as Tails, acquired by Nestlé, and Butternut Box from the UK which has raised $28M. Launched in 2017, the Portuguese startup currently serves customers in Portugal, Spain and Italy, and is aiming to be a key ‘pet wellness’ brand for Southern Europe. ....
Mealworms headed for EU menus Bloomberg Insects just moved a step closer to European dinner plates. Dried yellow mealworm, the larval form of the mealworm beetle, is safe for human consumption in both its whole form and as a powder additive, the EU’s food watchdog said on Wednesday, ruling on an application by French insect farmer EAP Group SAS - Micronutris, now known as Agronutris. The European Food Safety Authority’s (EFSA) opinion is a first step before officials consider whether to approve sales of snacks, protein bars, cookies and other foods containing the bugs as ingredients. Packages of precooked insect burgers based on mealworms are seen on a supermarket shelf in Geneva, Switerland, on Aug. 21, 2017. ....