Aticeo Newsletter 24 February 2023

#foodindustry #climate #impact

Trends

REDUCING THE CLIMATE IMPACT OF THE FOOD INDUSTRY

Our food system is a major contributing factor to global greenhouse gas emissions, deforestation and water consumption worldwide. According to FAO, more than 30 per cent of human-caused GHG emissions, originate from the world’s agri-food systems. Factoring in how (and not only what) farmers grow is essential to evaluate consumer products’ environmental impact.

Carbon Maps, a French startup co-founded by Patrick Asdaghi, Jérémie Wainstain and Estelle Huynh, is building a software-as-a-service platform to help the food industry reduce its environmental footprint by collecting and analyzing data, and using science-based models across all stages of the food chain, from farmers to consumers.

This first EUR 4 Mln round, just a few week after the inception, has been led by Breega and Samaipata — two VC firms that invested in Asdaghi’s previous startup, FoodChéri.

More about Carbon Maps (Tech Crunch)

PE & VC Investments

#M&A

Kõu Mobility Group acquires Ampler Bikes

The Estonian-based company Kõu Mobility Group acquires Ampler Bikes to strengthen its position in the micromobility industry and continue making e-motive zero-emission commuting accessible for everyone.

Ampler’s e-bikes have an estimated range of up to 70 km per single charge.

The battery and electronics are concealed within the frame, keeping the look minimal.

Ampler will now become one of the business units in the group alongside Comodule, Äike, and Tuul, focusing on developing, producing, and selling light electric bicycles.

More information

#Startups

Neptech closes a EUR 1.2 Mln round of financing

NepTech, a start-up that designs high-performance, modular, electro-hydrogen-powered transport vessels, has just closed a EUR 1.2 Mln seed round, including EUR 800,000 in private funding.

Go Capital, CAAP Création, a subsidiary of Crédit Agricole Alpes Provence, Banque Populaire Méditerranée, Mer Angels and a Family Office participated in the round, accompanied by institutional partners.

This will foster the commercial deployment of NepTech's vessels and allows the company to pursue its R&D strategy towards the most efficient navigation solution possible.

More information

#Fundraising

UK’s Counteract closes first VC fund at EUR 39 Mln

Counteract, a London-based VC, has closed its first fund at EUR 39 Mln to back the next generation of innovators working tirelessly to combat climate change.

The fund (EU Article 9 SFDR) invests in early-stage companies across the full spectrum of greenhouse gas removal solutions and aims to remove five billion tonnes of CO2.

Investors in the fund include Anglo American, The Grantham Foundation for the Protection of the Environment, and Extantia Allstars.

More information

Coming up