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.
The Madison-based company’s software combines satellite imagery and field data with machine learning algorithms to predict crop yields at the field level.
Some $4 billion worth of farm equipment is sold at auction in the US every year.
The round takes Bear Flag’s total funding efforts to $4.5 million after it took part in the Y Combinator accelerator and raised a pre-seed round in the fall of 2017.
The company’s development, called Actiphage, is aimed at a group of diseases caused by mycobacteria, including bovine TB which has already resulted in the slaughter of over 30,000 cattle in the UK and cost the British taxpayer more than £100m
Chinova Bioworks has discovered a natural preservative for food and beverages using chitosan from mushrooms that can be customized for individual food and beverage companies.
RootWave, a UK agtech startup, has created technology that enables the use of electricity to kill weeds by boiling them inside out from the root up.
Tulaa, a Kenyan fintech startup for smallholder farmers, has raised $627k in seed funding in a round led by AHL Venture Partners, one of the largest impact-focused venture capital firms in Africa.
Midwest-focused venture capital firm Serra Ventures led the round with participation from Innova Ventures and iSelect Fund.
The startup manufactures a plug and play device that scans and analyzes crops as a tractor moves across the field capturing 4K video data of every inch of the field.
AgriSecure provides whole farm and field level budget planning & execution, organic farming expertise including training and coaching, certification and recordkeeping, and help with crop marketing.
Finless is focused on culturing higher-end species of fish like salmon and bluefin tuna and expects to be able to sell their product below market price of $100-$200 per pound for bluefin by the end of 2019.
"I'm a firm believer that you need to address the entire value chain," says Usman Javaid, CEO of Ricult.
Edete is developing a mechanical solution for pollination as an alternative to using bees.
The Yield Lab LATAM will be based in Buenos Aires and will take on six startups in total for the first cohort. Each startup receives up to $100,000 in capital for varying amounts of equity.
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This is the latest deal among a growing number of agribusiness marketplace startups globally as the trend to take input purchasing and crop marketing online takes hold.
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.
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.
AgNext has created a suite of tools, including hardware and software, to leverage data to improve the efficiency and profitability of farmers and processors.