We’ve all felt the impacts of climate change this season but they’re especially pronounced in Africa; of the 20 nations ranked as most vulnerable to climate change, all but four are African. Meanwhile acute food insecurity has dramatically increased in the past year.
Mercy Corps Ventures is testing blockchain to get cash transfers to pastoral communities in Africa ahead of climate shocks.
Vietnamese edible insect startup Cricket One has opened what it claims is Asia’s largest cricket processing facility and closed a financing round led by Singapore-based investor Robert Alexander Stone.
As artificial intelligence, machine learning, and robotics continue to evolve, smart farms will become even smarter.
After a pretty dry spell, agrifood investors were throwing around the big bucks this week, with the launch of two sizeable funds from Astanor Ventures and Humble Growth. There was also big news from MycoWorks…
GROW accelerator startups Amatera and OlsAro are adopting approaches that both accelerate the breeding process for climate-resilient crops and ease their regulatory path.
Kenya, Nigeria and Egypt cumulatively raised 86% of all funding in 2022 for African agrifoodtech startups.
Multi-stage impact investment firm Astanor will continue to invest in agrifood startups with a focus on sustainability.
Realizing the vast potential of ancient grains to sustainably nourish billions will require collective action across sectors.
The company has also hired food and ag vet Molly Montgomery as acting CEO as it focuses all efforts on its Danville, Virginia farm.
Plus, two startups raise new capital to improve access and standards for carbon credits.
African agrifoodtech investment declined 77% year on year in the first half of 2023 as global macroeconomic trends curtailed growth.
eGrocery and Cloud Retail Infrastructure continue to lead Latin America agrifoodtech investment, despite the global macro-trends elsewhere.
Acquiring Biotrop gives Biobest an automatic entry into the South American market for biological crop products.
Many farmers are open to agtech innovation, but current financing structures hold them back from adoption.
Toopi Organics will collect and convert more than 2 million liters of urine for its biostumulant that reduces need for mineral fertilizers.
Azaneo is developing a quick-pulse, low-power electrical weeding technology it hopes will reduce dependence on chemical herbicides.
Apeel Sciences and EVERY make notable new hires and the FDA brings on an EPA vet for a new food safety-focused role.
The proposed SPAC merger with Agrinam Acquisition Corp. values indoor farming tech company Freight Farms at $147 million.
Plus, new funds for climate tech and Africa smallholders, and an indoor farming startup goes public.
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