👋 Stride loses second investor this year. The early-stage UK VC — which has backed troubled car marketplace Cazoo, edtech Knowunity and wellbeing platform Oliva Health — has also gone through a fair few partners since Fred Destin and podcaster Harry Stebbings launched it in 2018.
🥬 Infarm, once Europe’s largest vertical farming company, is leaving the continent entirely, Sifted understands. Its Berlin HQ is “a ghost town”, according to one source, while its flagship UK facility is shut too. But it could it find new life in Qatar?
💰 Isomer Capital announces first close of new €250m fund. The European fund of funds has raised a third of the cashand will invest €5m-10m in 20 early-stage funds in the UK and Europe.
👾 Deeptech VC firm IQ Capital closes a $200m fund. It's the Cambridge-headquartered firm's fourth — and largest — fund.It invests in startups at seed and Series A across Europe, and its average cheque size at seed stage tends to be around $2.5m.
Big appetite for plant-based "meat",as foodtech continues to tempt investors. It was one of the few sectors that raised more cash in 2022 than 2021, with cell-based alternative protein startups seeing a surge in funding as regulators in the US and Israel approved it for human consumption. Get your teeth into the foodtech data in our latest Sifted Briefing — including an early-stage market map, the sector's most active investors and the trends to watch.
💃 Last year Book Salon
tripled revenue, raised €3m in seed money and expanded into new markets.But the company had to pivot after investors shut their chequebooks in 2023 and a €10m Series A was off the cards. Here's why CEO Harri Myllylä thinks founders should change their funding strategy when times are tough.
Deeptech pitch event | Online | June 27
Deeptech will be taking centre stage at our next exclusive subscriber pitch event on June 27 at 12:30pm BST. Subscribers can join us to meet five of the very best from Europe’s early-stage cohort who’ll show off their cutting-edge tech and business models. RSVP.