Two European Startups Secure Fresh Funding: Greencovery and Chift
Dutch FoodTech firm Greencovery raised €1 million for cocoa upcycling, while Brussels-based Chift closed a €10.5 million Series A for financial connectivity.
AfroEuropa Newsroom
AfroEuropa desk
Two European startups have announced new funding rounds aimed at scaling their respective technologies.
Greencovery raises €1 million
Greencovery, a FoodTech company based in Wageningen, has secured €1 million to expand its cocoa upcycling technology toward industrial-scale production, according to EU-Startups. The round drew investment from ROM InWest, existing shareholder Brightlands Venture Partners, and a private investor. The company said a further €3 million round is underway.
Founded in 2018, Greencovery develops separation technology that converts food industry side streams into functional ingredients. The firm says its mild separation process can extract low-carbon-footprint ingredients from a range of side streams. Having validated initial commercial batches with clients, the company is scaling operations with a strategic partner toward a 1,000-ton capacity and is building a circular cocoa value chain in North Holland, a region it says generates more than 350,000 tons of food-grade side streams each year.
Keep reading
Kenyan Startup Twiga Foods Enters Administration After Financial Strain
Twiga Foods, one of Kenya's most heavily funded startups, has entered administration following years of financial pressure and restructuring efforts.
Other highlights
Google's Motion Assist Feature Expands Beyond Pixel to More Android Devices
Google is rolling out Motion Assist, a tool meant to ease motion sickness, to a wider range of Android phones running Android 17 or higher.
Follow the story
One newsletter, two continents
The Bridge brings you the tech, startups, and leaders moving between Africa and Europe in one sharp email each morning. No spam, unsubscribe anytime.
