This is the first equity investment by the Gates Foundation in India, highlighting the importance of modernizing India's dairy sector, according to Mark Kahn, partner of Omnivore.
A new food index has labeled 36 meat and fish suppliers as "high risk" for public market investors because they fail to manage critical business risks such as greenhouse gas emissions and antibiotics risk.
From a total 310 applications, of which they evaluated 188, startups from 10 different countries operating across the food chain were selected to join the program next month.
The round was led by Russian venture capital firm Sistema VC with new investment from online venture capital platform AgFunder, UK VC 7percent Ventures, early-stage tech VC Acequia Capital, and industry veteran Henk Bles.
Algaia is a French company manufacturing algae-based products for the agriculture feed, personal care & nutraceutical industries.
It is understood that Mavrx ran into some financial and operational difficulty in recent months and was not able to service its clients for the upcoming growing season despite providing a popular product with a 90% customer renewal rate.
BIGH (Building Integrated Greenhouses), a startup based in Brussels, Belgium, has opened its first aquaponic farm on a site spanning 4,000 meters squared above a food hall in the center of the city.
The California-based startup that was forced to withdraw from various cities across the US in 2015 after expanding too quickly, recapitalized in 2016.
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The Bushel mobile app platform integrates into grain elevators’ accounting systems to provide growers access to their contracts, scale tickets, prepays, cash bids, and markets.
ADM’s Cibus Fund was joined by existing investors GreenSoil Investments, the Israeli agrifood tech fund, and Middleland Capital, the family office-backed agrifood tech VC.
Farmers Edge had alleged that Farmobile co-founders Jason Tatge, Heath Gerlock and Randy Nuss, had misappropriated purportedly proprietary information in the development of farm data-collection and standardization technologies.
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Future Meat Technologies, an Israeli startup manufacturing meat from animal cells in a laboratory, has raised $2.2 million in seed funding, in a round led by Tyson Ventures, the venture arm of the meat giant.
“When indoor growers go to an insurance broker, they either don’t know what category they should be in or the insurer is unable to meet their needs,” says Nicola Kerslake, founder of Contain Inc.
Flying drones BVLOS will enable agricultural operations to capture all of their fields in one go, increasing the efficiency of the technology, according to Thomas Haun, VP Agriculture Solutions at PrecisionHawk.
VanderSat, which joins a growing number of remote sensing startups targeting the agriculture sector, is taking a different approach to others, namely in its use of microwave sensors.
No longer distracted by consolidation large strategic players will have more time, and money, to pursue exits in 2018, according to some industry insiders.
The prevalence of small farms on the African continent has meant growth in crop yields far lags other parts of the developed and developing worlds and means many of these new high tech tools are irrelevant to the African agricultural market.
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