Agtech Funding Sheet: HelloFresh Raises $88m Series G, Algrn Bio Raises Seed Round for Hypoallergenic Peanuts, more

December 22, 2016

Farmers Edge, the precision ag company, raised a new round of capital with Fairfax Financial, the investment company of Canadian billionaire Prem Watsa. The funding provided an exit for Kleiner Perkins Caufield & Byers, which invested in the company in November 2014. It was also a partial exit for Avrio Ventures. Read more about the big deal in our recent article.

Yagro, a UK online platform connecting farmers with suppliers, raised a $500k in seed funding. To learn more about the UK-based startup and how its platform is alleviating pain points for farmers, check out our recent article.

HelloFresh, the online meal kit delivery company, has raised $88.54 million in Series G funding led by existing investor Baillie Gifford. An undisclosed investor also participated in the round.

Algrn Bio, a food bioprocessing company creating hypoallergenic peanuts, has raised nearly $1 million in seed funding, according to a SEC filing. The proceeds will be used for working capital but details about investors were not disclosed.

Bighaat, an online Indian seed retailer, has raised an undisclosed round from early-stage ag-focused VC Ankur Capital. Based in Bangalore, the company is hoping to create greater transparency in the agriculture inputs market.

Foodstock Farmers Market, a Nigerian e-grocer, has raised a $9.46 million Series A. The company offers wholesale and retail options and provides a lowest-price guarantee.

E-Vegetailing, an online Indian farm-to-consumer retailer, raised $161k in seed funding from a product development firm Aspire Systems, and angel investing network The Chennai Angels, according to The Times of India.

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