Meatless Farm has raised €26.4 million. The current pace of investments in the alternative meat industry keeps surprising us. The Leeds-based company was founded in 2016, launched its products in 2018 and has already raised €14.5 million in a previous round.
Ÿnsect raises another $224 million. The Amiens-based company is basically developing vertical insect farms which can provide high-quality protein for the fishing industry.
Dryad Networks raises €1.8 million from STIHL Digital and ISAR AG among others. The Berlin-based company tries to digitize forest by setting up large-scale IoT networks. This should enable forest owners to detect wildfires earlier.
Salesforce has announced on October 6 its second Impact Fund. The fund will invest in in (1) Education and Workforce Development, (2) Sustainability, (3) Diversity, Equity and Inclusion as well as (4) Social Sector Technology. The first fund launched in 2017 and has invested in more than 25 companies.
Two large equity crowdfunding platforms (Crowdcube and Seedrs) have agreed to merge their activities. The value of the combined company is $140 million. One might expect more M&A activities in the alternative financing field given that the fixed costs for the operation of the platforms is relatively high.