Cash Flow: Mosa Meat’s $85m Round, Foxtrot Market Lands $42m, €10m For Actio’s Live Coaching App

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The game-changing investment, acquisition and funding news impacting the industry and driving the business of wellness this week.

Mosa Meat completes $85m Series B investment round

Food technology company Mosa Meat has announced the third and last closing of its Series B funding, bringing the total raised in the round to $85m.

Investors in the latest closing included new and existing investors like Nutreco, a global leader in animal nutrition and aquafeed, and Jitse Groen, CEO of Just Eat Takeaway.com. 

The funding brings together leading global investors with a wealth of knowledge which will help Mosa Meat scale up real beef production in a sustainable and safe way.

Foxtrot Market Closes $42m in Series B Investment round

Foxtrot Market, a corner store and café redefining convenience for the modern consumer has received a $42m Series B growth investment. The round was led by David Barber’s Almanac Insights and Monogram Capital Partners. Backers also included food and hospitality industry heavy-hitters David Chang, Founder of Momofuku; Nicolas Jammet, Co-founder and Chief Concept Officer of Sweetgreen; and Walter Robb, former CEO of Whole Foods.

With this investment, Foxtrot expects to double its store count in the US by the end of 2021. Funds will also be used to expand its line of private-label packaged goods and gift offerings.

Danone to acquire US plant-based foods firm Earth Island

French CPG giant Danone is set to acquire US plant-based food brand Earth Island, as part of its strategy to boost global plant-based sales to €5bn by 2025. Terms of the deal were not disclosed.

“Consumers are increasingly eating flexitarian diets, and we look forward to working with the Follow Your Heart team to offer our consumers even more choices. This partnership will build on our success in plant-based beverages, yoghurt alternatives and creamers, further accelerating the growth of our North American plant-based business,” commented Shane Grant, Danone’s North America CEO and EVP.

Cash Flow: Mosa Meat's $85m Round, Foxtrot Market Lands $42m, €10m For Actio's Live Coaching App

Image: Follow Your Heart

German fitness startup Actio land €10m for live coaching app

German fitness startup Actio, a wellness app encouraging users to form healthy habits through live coaching, has raised €10m in a round led by HV Capital and Cavalry Ventures.

“These days people are ever more striving for personal development and improvement. Digital solutions have become more important, and not just since Zoom and the pandemic. Existing solutions with pre-recorded content consumed alone in front of the screen are not enough, and may further increase our sense of loneliness. With Actio, Daniel and Nikita have developed a solution that brings digital content directly to the customer — live and in groups! It’s an idea that will catch on”, commented Jan Miczaika, Partner at HV Capital.

Heyday closes $20m round to deliver personalised skincare

Heyday, a fast-growing startup making expert skincare accessible, has announced the completion of a $20m Series B funding round led by Level 5 Capital Partners with participation from existing investors Lerer Hippeau and Fifth Wall Ventures. 

The fundraise will allow Heyday to further scale and cement its position as the trusted brand in skincare, with expansion through franchise of its high-touch physical experience and innovation in delivering personalized skincare in the US.

“We’re excited to democratise access to expert-led, personalised skincare services both in-shop and online in a way that no one else can. Skincare is an industry that for years has not been putting the customer first, so we’re setting out to change that,” said Heyday’s President Maureen Sullivan.

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