The AgFunderNews team’s favorite stories of 2024
From the XPRIZE ‘no prize’ debacle to the Israeli agrifoodtech funding scene, here are the articles we enjoyed covering the most this year.
From the XPRIZE ‘no prize’ debacle to the Israeli agrifoodtech funding scene, here are the articles we enjoyed covering the most this year.
The past year was chock-full of off-beat stories including everything from soup vandalism to $500,000 shots of sake brewed in space.
A flurry of startups offering AI-powered ag insights driven by long-range weather forecasting has emerged on the scene in recent years. But are they delivering actionable info for food & ag companies?
The past has shown that tariffs have often been more a tool for negotiation than anything else. Will 2025 be the same?
While multiple startups engineer microbes to produce animal proteins via precision fermentation, PoLoPo and others in the ‘molecular farming’ space claim the unit economics of growing them in genetically engineered plants are more favorable.
Plus…John Kempf’s Advancing Eco Agriculture nabbed a USDA rural development award.
Key areas for potential investments include bio-based crop protections, agrifintech, supply chain sectors and education.
Unsurprisingly, the challenging funding environment was top of mind for many founders, but it’s not the only thing disturbing their sleep…
A defense spending bill just passed in the US Congress requires an unspecified national agency to conduct a risk assessment on DJI spray drones, prompting alarm bells among distributors.
This “direct trade” model cuts out the middlemen so that GoodSAM works directly with the growers and their farmer associations.
Investment in Asia biotechnology startups is on the rise, with those operating in the food, agriculture, bioenergy, and biomaterials spaces raising nearly $3.5 billion in the last three years, up over 140% against the three years prior.
Unsurprisingly, AI was top of mind for many founders, but it’s not the only thing on their list…
Plant-and-soil health startup Sound Agriculture will use the new funding to enter new markets and develop new products.
Scaling soil restoration requires effective, economically viable solutions. Biofertilizers and biostimulants are emerging as critical tools for this effort.
Agency, education, and myth-busting are key.
Chile is becoming increasingly attractive to investors looking to back nature-based and/or sustainable agriculture-based solutions.
Plus: GE salmon company AquaBounty winds down its only remaining operating farm: “We’ve been working for over a year to raise capital… Unfortunately, these efforts have not generated enough cash to maintain our operating facilities.”
CEO David Rosenberg told us that, “It is a meaningful amount of money, but more money is needed later in 2025.”
Gooddrop aims to grow cotton in vertical farms and keep spinning mills on the site of these farms to produce textiles.
WollemAI’s CEO Sam Sneddon talks to AgFunderNews about the company’s strategic positioning and future plans