The Week in AgriFoodTech: Spacegoods and Cellva raise new funds, Inspire Brands buys delivery tech startup
Plus: UPSIDE Foods hits pause on its large-scale cultivated meat production facility and plant-based fur makes its debut.
Plus: UPSIDE Foods hits pause on its large-scale cultivated meat production facility and plant-based fur makes its debut.
Plus: much ado (and fundraising) about ag robotics and many updates from Israel’s startup scene.
The Australian startup claims its tech can transform the unit economics of growing red seaweed to produce feed additives for livestock methane reduction.
Plus, two startups raise new capital to improve access and standards for carbon credits.
The proposed SPAC merger with Agrinam Acquisition Corp. values indoor farming tech company Freight Farms at $147 million.
From insects to indoor greens, Australian startups demonstrate the potential for novel farming systems at home and abroad.
Plant cell culture has been around for decades. So what’s prompted the recent flurry of activity in the food and nutraceuticals space?
If you’re in space for three days, says Phnam Bagley, food is fuel. If you’re on a three-year round trip to Mars, it’s mission critical, a matter of life and death.
Vertical farm failure, a SPAC from the father of agtech, GM controversy, indoor farmed wheat, and funding for one of regenerative agriculture’s leaders were the top 5 articles reported on by AFN’s team of reporters in 2022.
By partnering with Lavoro, David Friedberg’s company hopes to drive more agtech adoption by leveraging the ag retailer’s influence on farmers.
Meanwhile, it has been forecast that the plant-based protein sector needs to invest $27 billion in production capacity by 2030 to meet demand.
The deal with Nasdaq-listed SPAC Agrico Acquisition Corp is expected to close in the second quarter of 2022.
Symbotic said it’ll use the proceeds to “accelerate its growth plans” and “efficiently deliver on its contracted backlog.”
CEO Anthony Tan said the company will invest part of the proceeds into mapping tech in order to “deliver groceries more efficiently.”
The Hamilton, Montana-based company claims its produce reaches shelves “in record time post-harvest” due to its facility’s proximity to retail partners.
Biomilq, Cometeer, and WayCool were among the startups raising big-ticket rounds this week.
David Rosenberg, the vertical ag company’s CEO, said that “proceeding with this transaction is not in the best interests of our shareholders.”
The Ireland-based startup says it offers a more scalable and accurate way of measuring the carbon footprint of the agriculture and forestry industries.
Since the start of the year six agtech SPAC deals have been announced – most involving indoor farming or biotech, and all valued at over $1 billion.
The ag biotech company, which uses the RNA tech made famous by Covid-19 vaccines, will list on the Nasdaq – eventually providing an exit for investors including AgFunder, S2G Ventures, and Continental Grain Company.
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International Fresh Produce Association launches year 3 of its produce accelerator