Cargill and other unspecified “food industry giants” joined the round, bringing the cultured meat company’s all time fundraising total to $22 million.
It was an exciting year in farm technology, to say the least, with several exits and record deals set and then overtaken by even larger deals just weeks or months later. Check out the standout deals of 2017.
The Irish company will launch the first food ingredient discovered using artificial intelligence next year.
This round was led by OS Fund, which, according to its website, “finances and supports inventors and scientists who are working on audacious breakthroughs to solve the greatest issues and opportunities facing humanity today.”
After starting in the orchards and vineyards more common to its home base, the West Coast, Ceres recently entered the row crop space largely through a partnership with Monsanto's The Climate Corporation.
Aqua-Spark has finalized two investments this week that signal the fund dedicated to the future of aquaculture is moving beyond farms and feed.
Gro Intelligence is a data product that provides global agricultural data analysis on what CEO Sara Menker says is an unprecedented scale.
SafeTraces technology allows users to place an invisible, seaweed-based DNA tag on individual food items so that their provenance and qualities can be traced and verified throughout the supply chain.
Nileworks claims its multi-copter drones are able to see the shape of a field and spray pesticides just 30cm above, reducing drift.
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.
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.
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.
The Bee Corp develops decision support software that monitors conditions inside a commercial beehive, focusing on utilizing commoditized IoT sensors and data science.
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.
Cro Pro, which claims to be the first VC-backed insurer to be approved to offer federally-backed policies, aims to promote agtech adoption through unique private, agtech insurance products.
SoftBank has invested in Plenty, a vertical farming startup in California, to help the company expand into new markets and crops.
Stellapps offers data collection and analytics to every piece of the dairy supply chain with the aim of improving the productivity, and quality of milk, and producing transparent data both for and about the dairy industry.
The startup spun out of Vlaams Instituut voor Biotechnologie (VIB), the life sciences research institute founded by the Flemish Government in 1995, and raised all the funding from local Belgian investors.