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.
PIP, a $15 million public-private partnership of leading agtech startups, agribusinesses, and biotech companies will research the potential for indoor farms to grow crops with improved nutrition, taste and other characteristics hard to achieve outdoors.
Last month, Manuel Gonzalez announced plans to raise a new foodtech fund called Global RIFF (Revolution in Food Fund). We caught up with him to find out more about the investment model and the food tech categories he's most excited about.
Avrio Capital, one of the first investment firms to focus specifically on food and agriculture, has re-branded into a new investment firm called Rio Investment Partners, raising $77.5 million in the first close of a $150 million fund.
THRIVE was voted Most Valuable Accelerator by the AgFunder network. It has built a platform to accelerate agrifood tech startup innovation by partnering with leading organizations and corporates across the agrifood and tech industries.
Nolan Paul, Partner at Yamaha Motor Ventures and ex-head of R&D Strategy and Emerging Technology at leading produce grower Driscoll's is offering his thoughts on how the agritech sector is developing ahead of his speaking slot at World Agri-Tech Innovation Summit in San Francisco next month.
What will you be eating in 2050? How will it get to your table? How we grow, purchase, and eat our food is changing. New technologies are playing a key role in shaping that change. In this podcast, we speak to the people driving that future, from entrepreneurs and venture capital investors, to chef, farmers and food businesses. Welcome to Future Food!
Earlier this month, a Russian agtech startup called Intterra entered into a partnership with global agribusiness Syngenta to use its digital platform in Russia, connecting more than 100 farmers across 2 million hectares (nearly 5 million acres) of cropland in 2019.