You may not realize that seafood is the fastest-growing protein category, with an annual growth rate surpassing that of all land-based animal meat combined. But the fish farming industry is in need of innovation to mitigate and reduce environmental concerns.
Europe's agrifood tech ecosystem raised just 9% of the funding that went to foodtech and agtech startups globally in 2018. But deal activity increased 23% as agrifood tech startups in the region closed a similar number of deals as in the US.
AgFunder and its collaborators KK&P and The New Food Economy are excited to announce that S2G Ventures has become a sponsor of Money Where Our Mouths Are (MWOMA), an investigation into the funding gaps for female entrepreneurs in the agrifood industry.
Asset management firm PeakBridge Partners has hired food investment veteran Peter Kruger to manage the EIT FoodSparks seed fund in collaboration with EIT Food. The fund will invest in early stage agrifood tech startups in Europe.
Chinese food tech VC Bits x Bites has created The China Food Tech Hub, a new model to foster cooperation between startups and corporations in collaboration with a multinational consortium of biotech firms, agricultural processors, flavor houses, consumer food companies.
While the final size of the Series B has yet to be disclosed -- there are still some more potential investors coming into the round, according to CEO Arturo Elizondo -- sources close to the deal say it was raising $40 million.
Ninjacart, an Indian agritech startup that connects farmers to retailers, has raised Rs625 Cr ($89.5m) from New York-based hedge fund Tiger Global, taking its valuation to $320 million, according to the Economic Times.
Cultivian Sandbox Ventures, the most established agrifood tech venture capital firm, has raised $135 million in its third fund. Founded in 2008, the firm was the first to focus entirely on technology startups operating across the food and agriculture value chain.
Over a quarter of the world population eat food each day that’s been through Bühler equipment in some shape or form. And in some food segments, the market share is even higher with 65% of the world’s grain processed through Bühler products.