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Data Snapshot is a regular AFN feature that examines AgriFoodTech market investment data provided by our parent company. AgFunder.
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Bioenergy and biomaterial startups They have raised $2.1 billion by 2021, accounting for 4 percent of AgriFoodTech’s funding. AgFunder’s 2022 AgriFoodTech Investment Report.
Biomaterials in particular have seen very little fundraising, which is hardly surprising given the growing interest in alternatives to animal- and petroleum-based materials and textiles.
Top Bioenergy and Biomaterials Deals in 2021:
Biomaterials and bioenergy companies tracked by AgFunder are rooted in the agricultural sector.
Last year’s biggest funding round in the category was Bolt Trades, a US-based materials science company best known for its plant-based leather. Of all the biomaterials companies out there, Bolt is perhaps the most successful thanks to its collaborations with Stella McCartney, Adidas and Lululemon, all of whom are using the startup’s plant-based leather for their brands.
The Japanese Spyber, which raised two rounds last year, It makes sustainable fabrics and materials from sugar and protein. ‘Manufactured protein’ products include dressings PanGAIA and The North Face, among others. Spiber raised a total of $312 million in a $221 million round and a $91 million round.
Another notable fashion-related deal came from alt laser maker Modern Field in a $130 million Series C round of funding.
Outside of fashion and textile applications, RWDC Industries has raised $95 million for Solon Materials to replace petroleum-derived single-use plastics for drinking straws, cups and other food-related packaging.
Next for Biometrics:
Bioenergy and biomaterials are still a very small category, accounting for just 4 percent of the $51.7 billion raised by agrifoodtech startups last year. Sustained demand in sectors such as fashion and packaging suggests that demand in this category should be slightly higher next year. some In the year The deals in the first half of 2022 underscore that point:
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