According to the report, some $85 million worth of farmland in its first fund — Vital Farmland LP — generated a financial return of 67%, but also $21.4 million in ecosystem service value, which accrues to the surrounding communities and environment.
A non-profit consortium of venture funds, banks, corporations, universities, and foundations has launched a platform to invest in startups and projects addressing some of the food system's major challenges.
Ripe.io creates what it calls a "digital bridge" between farmers, distributors, processors, traders, restaurants, grocers, and consumers to record and share data on aspects of food's journey from farm to fork.
Umitron, an Asian startup using satellite imagery, IoT, and automation to increase the efficiency of offshore aquaculture, raised the funding from the Japanese government and a Japanese venture capital firm.
Solana was founded in 2017 by a team of former employees of Illumina, the leading genetic tools provider, which guided the launch and production of hundreds of products – including market-leading DNA sequencing solutions.
Deveron, which sends pilots to fly drones over farmland on request, will gain precision agriculture capabilities by bringing Veritas’s team of agronomists, plant scientists, and data scientists onto its staff.
The culture of collaboration that has propelled the Netherlands to become the global champion of food exports should serve as inspiration for Australia’s agrifood sector, according to a new report from KPMG and AgFunder.
"Trying to be the "new Monsanto" or the "Amazon of Ag" does not work; copying what others have already done is not generally a recipe for disruption," argues Federico Trucco, CEO of Argentine agtech business Bioceres.
"Always prioritize building a great team and bringing on great partners," say Maximiliano Landrein and Alejandro Larosa, founders of the online agribusiness marketplace. "This is a long race and to have the right people on board is vital."
The government of President Mauricio Macri, who took office in 2015, is working hard to open up its markets and attract investment from overseas and the agriculture and venture capital industries are a key part of that policy.