Agtech Funding Sheet: Front Range Bio Raises $1.5m, Yume Raises $2m for Food Waste Mitigation, SunBasket Series C

February 23, 2017

Front Range Biosciences, a startup providing industrial scale tissue culture propagation and advanced breeding for cannabis, raised $1.5 million. Intuitive Private Equity, Salveo Capital, Sand Hill Angels, Harvard Business School Angel Alumni of New York, and New York Angels participated in the oversubscribed seed funding round. The company will use the funding to build out the team and expand its flagship product, tissue culture, to improve consistency and efficiency for clone production. It will also continue work on its breeding platform to identify and improve commercially-relevant traits. Last year, the company took part in the CanopyBoulder accelerator program for cannabis startups.

CanopyBoulder announced its latest cohort amounting to $300k in total investment across 10 cannabis-related startups. Find out more here.

Yume, an Australian wholesale marketplace for surplus food, has raised A$2.6 million ($2 million) from impact investors, led by Impact Generation Partners. Other investors include The Vincent Fairfax Family Foundation, The Myer Foundation, The English Family Foundation and other family offices, and high-net-worth investors. Yume mitigates food waste by selling surplus food from suppliers at discounted rates through an online platform. The company hopes to reduce the 3.9 million tonnes of food that goes to waste in Australia’s commercial sector each year.

Bowery, a new indoor farming business, came out of stealth today and announced $7.5 million in seed funding. Read about the company and its investors on AgFunderNews here.

SunBasket, the meal kit delivery startup serving paleo, gluten-free and other diets, raised $15 million in Series C funding. Sapphire Ventures led the round, joined by Baseline Ventures, PivotNorth Capital, Accolade Partners, Founders Circle Capital, Shea Ventures, Relevance Capital, Vulcan Capital, Filter 14 and other angel investors. Read more on TechCrunch.

Dah Makan, a Malaysian online meal delivery service, raised $1.3 million in seed funding from NFQ Capital, East Ventures, Asia Venture Group and Grupara. A former CEO of Nestlé is among the angel investors, according to TechCrunch.

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