附近上门

Here’s what you need to know today in startup and venture news, updated by the 附近上门 News staff throughout the day to keep you in the know.

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Apple veterans’ chip startup raises $240M

, a silicon-design company started by former chip executives at , said Thursday that it has raised $240 million in a Series B funding round led by .

co-founders and also joined in the round, as did funds and accounts managed by , and , as well as , , , , , Nepenthe LLC and .

Nuvia was founded in early 2019 by CEO , and SVPs 听补苍诲 , and targets the data-center chip market. The startup has now raised $293 million from 13 investors, according to 附近上门 data.

Palantir eyes $22B valuation post-IPO

Data and analytics software company is a market valuation of around $22 billion after it completes a public market debut planned for next week. [Read more here.]

Funding rounds

• Revol Greens secures $68M for greenhouse: announced $68 million in new funding to build its third lettuce greenhouse facility. led the round, which brings the Minnesota-based startup鈥檚 total financing to $215 million. The planned facility will be in Texas and is part of a five-year strategy to have five greenhouses that will initially supply 33 million pounds of greens annually.
• Palladio Biosciences raises $20M to develop kidney drugs: Biopharmaceutical company raised $20 million in Series B financing to develop medicines for orphan diseases of the kidney. New investor led the round, which included existing investors and .
• China’s Showmac raises $15M: Chinese communications infrastructure startup raised $12 million in a led by .
• Yummy lands $12M for cloud kitchens:聽Indonesian cloud kitchen startup has raised $12 million in a Series B round led by .聽 The company says it currently has more than 70 outlets operating across Indonesia, Singapore, Shanghai and Dubai.
• Impress inks $5.8M for orthodontics: Spain-based orthodontics company raised a $5.8 million seed round to provide affordable, invisible orthodontics. Within one year, the startup is providing its treatments in more than 40 cities in Spain, Portugal and Italy, and is now planning to introduce the model to other world regions. Participating in the round were , , and European angel investors.

Future of foodtech

North America and Asia have driven venture capital funding globally in the foodtech sector, attracting more than $33 billion in funding in the last three years, according to a released this week by . Foodtech companies include technology-enabled food products and services across the food value chain.

There are 29 VC-backed foodtech unicorn companies around the world, according to , founder and managing partner at White Star. The firm said 鈥渃onscious consumption鈥� has driven food trends in the last 10 years and will incentivize companies to create alternative and plant-based protein and dairy, incorporating alternative ingredients such as CBD and algae, and developing free-form and cell-based food.

A hot subsector of foodtech as been pet food, which is expected to grow globally to $96 billion this year, while funding into the sector has grown 33 times since 2011 to $375 million, according to the report. It is primarily driven by changing pet owner values and preferences for things like natural and organic ingredients.

Meanwhile, in Asia, online food delivery and grocery sales are growing at a compound annual growth rate of 24.4 percent, accounting for a 55 percent share of the global online food delivery market.

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