The San Mateo, CA-based operation says it has delivered 15,000 orders in the Bay Area in their first year of operation.
This deal marks the first direct investment into an individual company by the Brazilian fund, which was structured in 2014.
There are a number of key areas of opportunity for agrifood tech startups in Europe as the support and resources available to entrepreneurs increases slowly, write Thomas van den Boezem and Louisa Burwood-Taylor.
The round takes the startup's total funding to over $300 million after it raised $156 million last year in Series C and D funding.
Early stage investment in agrifood tech startups reached $4.4 billion in the first half of 2017, posting a 6% year-over-year increase reversing the downward trend of 2016 when agrifood tech investing dropped 17% to $6.9 billion from $8.3 billion in 2015.
According to the company, Douxmatok allows food companies to use 40% less sugar in their products while achieving the same level of sweetness, with no aftertaste.
Bayer CropScience and Ginkgo Bioworks, a startup genetically engineering microbes for the flavor, fragrance, and food industries, have partnered with hedge fund Viking Global Investors to invest $100 million in a new, as yet unnamed agtech startup.
MycoTech uses mushrooms and fungi to remove bitter tastes from food and drinks.
Biological pesticide firm Greenlight Biosciences has raised an $18 million Series D round led by led by farmland and agtech fund investor Fall Line Capital.
The company uses a blend of oats, lentils, sunflower seeds, coconut, sesame seeds and has created three flavors of yogurt with no added sugars, while eliminating the waste common in plant-based dairy alternatives such as soy milk.
Distribution of the product will focus on the US, Canada, and Argentina, where NewLeaf has been successfully piloting the product for three years.
Agrible’s suite of products for farmers largely center around the Morning Farm Report, a central dashboard which incorporates a range of data to give farmers field-level information about their farms.
The Bee Corp develops decision support software that monitors conditions inside a commercial beehive, focusing on utilizing commoditized IoT sensors and data science.
Agricultural biotechnology and micropropagation company Phytelligence has raised $6.95 million of a potential $16 million Series B closing August 4.
The company will soon break ground on a 117-acre property in Boynton Beach, Florida, which contains a 55-acre man-made lake where the firm will operate a “de-coupled” aquaponics system.
Descartes Labs has raised an oversubscribed $30 million Series B round led by new investor March Capital, with Cargill, Crosslink Capital, and Cultivian Sandbox also participating.
The Brooklyn-based indoor farming training program and container farm founded by Kimbal Musk, has raised a $5.4 million seed round led by New York-based VC Collaborative Fund, joined by several individual investors.
Cargill and other unspecified “food industry giants” joined the round, bringing the cultured meat company’s all time fundraising total to $22 million.
The raise will support late stage development for several chemical crop enhancement products in the company’s R&D pipeline.
The round sees iUNU come out of stealth for the first time since pivoting from a plasma lighting business to greenhouse tech.