Rebel Foods Secures $210 Million for Expansion
Deal News | Dec 19, 2024 | Ag News
This week, significant investment activities took place within the AgriFoodTech sector. Rebel Foods, based in India, successfully raised $210 million to expand its cloud kitchen business. Simultaneously, Terradot, a Brazilian climate technology company now headquartered in San Francisco, completed a $58 million Series A funding round. Meanwhile, Plenty, a vertical farming company, announced the closure of its Compton facility to focus efforts on strawberry production. In other news, Advancing Eco Agriculture, spearheaded by John Kempf, received a USDA rural development award for its innovative agricultural initiatives.
Sectors
- Food and Beverage
- Climate Technology
- AgriTech
Geography
- India – Home country and operational base of Rebel Foods.
- Brazil – Origin country of Terradot, indicative of its roots and initial market.
- United States – Current headquarters of Terradot and location of Plenty's operations.
Industry
- Food and Beverage – Rebel Foods operates within the cloud kitchen segment, which falls under the Food and Beverage industry.
- Climate Technology – Terradot operates in the climate tech space, which focuses on innovations that combat climate change.
- AgriTech – Plenty is involved in vertical farming, a part of the broader AgriTech sector.
Financials
- $210 million – Raised by Rebel Foods for cloud kitchen expansion.
- $58 million – Amount raised by Terradot in a Series A funding round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Rebel Foods | Target company for funding | Company | An India-based company operating cloud kitchens, raised $210 million. |
| Terradot | Target company for funding | Company | A Brazilian company now based in San Francisco focused on climate technology, raised $58 million in Series A funding. |
| Plenty | Vertical farming company | Company | Closed its Compton farm to focus on strawberry production. |
| Advancing Eco Agriculture | Agricultural Innovator | Company | Led by John Kempf, received a USDA rural development award. |