Funding

[Funding alert] Berlin-based Agritech Startup Tupu Secures $3.2 million in Seed Funding

Oct 31, 2023 | By Startup Rise EU

Tupu, an agritech startup based in Berlin, secured $3.2 million in seed money. FoodLabs and Zubi Capital co-led the round, which also featured participation from Coast Cap, IT-Farm, FoodHack, Clear Current Capital, and two angel investors, Roger Hassan and Gil Horsky.

Tupu, an agritech startup based in Berlin, secured $3.2 million in seed money. FoodLabs and Zubi Capital co-led the round, which also featured participation from Coast Cap, IT-Farm, FoodHack, Clear Current Capital, and two angel investors, Roger Hassan and Gil Horsky.

Tupu was founded in 2021 by Eldad Arnon and Daniel Lock. With the additional capital, the company will boost its production capacity while enhancing its automation technologies.

Read also - Abingworth raises $356 million for new Clinical Co-Development Co-Investment Fund (CCD-CIF)

With its a patent-pending modular farming system that blends bioscience, robotics, and artificial intelligence, Tupu produces mushrooms in urban environments. It claims to supply more than three tonnes per month from its first farm, which it opened in November of last year.

RECOMMENDED FOR YOU

recomd
Funding
[Funding alert] London-based CryptoSafe Ltd Secures $20Million in Funding
Startup Rise EU
Jan 25, 2024
recomd
Funding
[Funding alert] Switzerland-based Validation Cloud Secures $5.8Million in Inaugural Funding
Startup Rise EU
Mar 1, 2024
recomd
Funding
Qargo funding news – London-based Qargo Secures €12Million in Series A Round Funding
Startup Rise EU
Jun 7, 2024

Arnon said, “We are grateful to have such forward-thinking investors onboard that share our faith in the power of mushrooms to address the pressing challenges of global food insecurity in the face of the climate crisis,”.

Till Hoelzer, Principal at FoodLabs said, “Controlled environment farming is a key technology to make our food supply chain climate resilient. We're excited about Tupu as they are able to make indoor farming economically viable,”.

About Tupu

Their distinct approach to producing gourmet mushrooms is revolutionising the food sector. Tupu can harvest ecologically friendly items and contribute to carbon neutrality in the future by cultivating locally.

Read also - Amsterdam-based Cheflix Secures €1 Million in New Round of Funding

Because of their closeness to our consumers, they have the ability to reduce the length of the supply chain, save tonnes of plastic packaging, and repurpose natural resources. They supply freshly picked mushrooms every day in this way since it's kind to both the environment and humans.

Recommended Stories for You

story
Funding

[Funding alert] London-based Sable Bio Secures €1.7 Million in Pre-Seed Funding

Startup Rise EU Feb 6, 2024

story
Funding

[Funding alert] London-based Kao Data Secures £206Million in debt Funding

Startup Rise EU Jan 26, 2024

story
Funding

[Funding alert] Paris-based Twin Labs Secures $3Million in Pre-Seed Funding

Startup Rise EU Feb 2, 2024

story
Funding

[Funding alert] Warsaw-based Quesma Secures €2.1 Million in Pre-Seed Funding

Startup Rise EU Dec 19, 2023

story
Czechia

[Funding alert] Prague-based Data Preparation Platform Keboola Raises $32 Million in Series A Round Funding

Startup Rise EU Dec 2, 2023

story
Funding

[Funding alert] Dutch Startup MEJOR Technologies Raises Pre-Seed Round Funding from Graduate Entrepreneur Fund

Startup Rise EU Oct 26, 2023