The Week in AgriFoodTech: Aqua Capital closes $450m fund, Onego Bio ‘poaches’ $40m, BurnBot raises $20m
Also: farm labor management platform Seso raises $26 million, L’Oreal backs sustainable pigment producer.
Also: farm labor management platform Seso raises $26 million, L’Oreal backs sustainable pigment producer.
The R&D partnership aims to eventually develop a commercial product.
The Lithuania-based firm recently unveiled a €50 million fund backed by the European Investment Fund.
The CEO and co-founder of soil-carbon startup Agreena talks agrifinance, regenerative agriculture, and how to help small farmers.
Plus: more funding for ag robotics and bad news for Kroger’s e-commerce business.
The ADM regenerative ag program has signed up more than 2 million acres in the US and aims for for north of 4 million by 2025.
TRACT aims to help agrifood corporates trace sustainability performance across supply chains and various commodities.
Agribusiness worldwide accounts for 70% of the world’s water usage in addition to contributing enormously to pollution.
Plus, meet the Internet of the Forest.
Time to hunker down, startups.
Early commitments to the fund include The Rockefeller Foundation, Builders Vision, and the Schmidt Family Foundation.
Pivot Bio said it has paid $6 million to growers participating in the company’s N-OVATOR program that rewards farmers for using nitrogen management practices.
Plus: Impossible Foods unveils a “meatier” new look to attract more carnivorous customers.
As farm production costs increase, more farmers look to alternative financing options to pay for inputs, equipment and other needs.
Agrifoodtech startup investment has hit its lowest point in six years as a result of fewer and smaller deals.
Fresh off a fundraise, Denmark-based NitroVolt CEO and cofounder discusses the path from PhD student to CEO of a climate tech startup.
Plus: Plant-based “NotDogs” from Oscar Mayer and NotCo, John Deere’s “right to repair” case drags on, new meat labeling beef in Iowa.
Bayer CEO Bill Anderson called the ongoing litigation “a huge burden” on company financials during a recent investor call.
Cibus announced a $510 million close of Cibus Fund II and a $135 million close of its Cibus Enterprise Fund II.
Meanwhile, France bans the meat from plant-based meat labeling, the US aims for more wind-powered farms.