Indonesian aquatech startup eFishery nets $90m in Sequoia, SoftBank-led Series C
The Bandung-based startup plans to launch into other major fish and shrimp farming markets, including China and India.
The Bandung-based startup plans to launch into other major fish and shrimp farming markets, including China and India.
The Seoul-based startup closed a $15 million Series B round last month, with the Asian Development Bank among the participating investors.
The deal will allow the company to deliver its “improved” ingredients to plant-based protein producers more quickly, according to CEO Matt Crisp.
The biological inputs market is predicted to grow at a CAGR of 11.9% over the next five years, compared to chemicals’ 3.7%, according to recent market research.
Beyond Meat’s southern fried chicken analog will be available to diners at 4,000 KFC locations across the US from Monday.
The US company said it expects to begin shipping the driverless version of its 8R row crop tractor during the second half of the year.
The Annapolis, Maryland-based company uses microbes to convert agrifood byproducts into fuel and fertilizer.
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It was another busy year for AFN’s external contributors. Here are our 20 most-read guest posts, by unique pageviews, over the past 12 months.
The top three deals of 2021 involved companies from China, India, and the US – and were focused on grocery, food retail, and logistics.
Global cropland has expanded 9% over the past 20 years, with Africa and South America seeing the greatest gains – and half coming at the expense of “natural vegetation and tree cover.”
It’s the largest single funding round yet for a cell-cultured meat startup, according to AgFunder data.
The Argentine startup will use the funds to strengthen its e-commerce and fintech offerings, as well as for growing its footprint in Brazil.
The latest edition of AgFunder’s India Agrifood Startup Investment Report, released today, also reveals that food delivery platforms raked in the most dollars during a difficult year.
Symbotic said it’ll use the proceeds to “accelerate its growth plans” and “efficiently deliver on its contracted backlog.”
The pair said they’re partnering to “fix the freezer aisle and provide plant-based, environmentally responsible, positive food choices” globally.
Novel Farming Systems ventures – which include tech-enabled vertical farms and greenhouses – may be losing their luster for investors.
The tractor maker had previously announced its buyout of South Dakota tech firm Raven Industries in a deal worth $2.1 billion.
Australia’s Jupiter Ionics says it has found a way to produce ammonia – a key fertilizer ingredient – on-demand, using only air, water, and renewable electricity.
CEO Anthony Tan said the company will invest part of the proceeds into mapping tech in order to “deliver groceries more efficiently.”