The deal includes the acquisition of FarmWizard, an established UK livestock management software company from Wheatsheaf the previous owner; the investment was part cash and part equity transfer.
“This is the largest seed rounds to date in this category, and one of the largest that has occurred globally in the entire ‘clean meat’ space,” according to Chris Kerr, chief investment officer at New Crop Capital.
"Always prioritize building a great team and bringing on great partners," say Maximiliano Landrein and Alejandro Larosa, founders of the online agribusiness marketplace. "This is a long race and to have the right people on board is vital."
The current state of the digital ag space lacks sufficient high-quality data, but that's where Ethington sees potential in Arable, he tells AgFunderNews.
The government of President Mauricio Macri, who took office in 2015, is working hard to open up its markets and attract investment from overseas and the agriculture and venture capital industries are a key part of that policy.
Full Harvest says it is the only business-to-business marketplace for the end-to-end purchase, sale, and logistics of surplus and imperfect produce.
Ahead of AgroFuturo 2018, which takes place between August 22 and 24 in Bogota, founder Ricardo Jaramillo speaks to AgFunderNews about agtech in Colombia and the Latin American region.
The company’s development, called Actiphage, is aimed at a group of diseases caused by mycobacteria, including bovine TB which has already resulted in the slaughter of over 30,000 cattle in the UK and cost the British taxpayer more than £100m
Institutional investors managing over $5 trillion have joined companies including McDonald’s and Walmart to support the ‘Cerrado Manifesto,' showing the strong demand for zero-deforestation food products, writes Aarti Ramachandran.
Chinova Bioworks has discovered a natural preservative for food and beverages using chitosan from mushrooms that can be customized for individual food and beverage companies.
The startup told AgFunderNews it will be using gene editing technology, including CRISPR Cas-9; it has CRISPR Cas-9's inventor Jennifer Doudna on its board of directors.
RootWave, a UK agtech startup, has created technology that enables the use of electricity to kill weeds by boiling them inside out from the root up.
Thought for Food founder and CEO Christine Gould said that since her competition looks for both impact and commercial viability, the finalists in the TFF Challenge offer much more geographic variety than other food and agtech competitions.
Christine Gould has been running the Thought for Food (TFF) Challenge and Summit for six years now. But this year a contest usually saturated with biotech and digital startups had an entirely different theme among its applicants.
Despite pervasive consumer disapproval, scientists and seed companies have far from abandoned GMOs as a subject of research and development and some new approaches using GM technology could address the more pervasive consumer concerns.
The investment round was led by Viking Global Investors, an American-based hedge fund based in Greenwich, Conn., with participation from Andreessen Horowitz, Upfront Ventures and S2G Ventures.
Aerobotics, a South African agtech company with a smart scouting platform to identify pests and diseases in tree crops, has closed a $2 million Series A.
FoodBytes!, the startup business competition by Rabobank, a global food and agribusiness bank, is returning to New York City and startups can apply now through August 12.