New Zealand’s agtech sector is in robust health with great deal flow opportunities for international, as well as domestic, investors. But the country lacks a coherent story that articulates our strengths in this space, writes Peter Wren-Hilton.
Solyent, Thymox, Propel, Hectare Agritech, Smart Earth Seeds, Taranis, Abundant, Calysta, Ceres, and Territory have all raised funding in the past two weeks.
Farmnote will use the funding to expand overseas and to further develop its technology within Japan alongside its new partners and investors.
Ceres Imaging captures aerial imagery for agriculture using proprietary sensors that are attached to fixed wing aircraft and then analyzed for farmers.
The highs and lows of the food e-commerce space continued this week with Territory raising $6.7m in Series A funding in the same week that Maple closed and sold some of its assets to the UK's Deliveroo.
The Israeli startup raised funding in a round led by Finistere Ventures and Vertex Ventures.
Abundant will use the proceeds to commercialize its first product, aimed at reducing the $200 billion orchard farming industry’s reliance on seasonal labor.
Plant-based foodtech startup Nutriati has raised $8 million in Series A funding to commercialize ingredients targeting food manufacturers and processors.
Agri-food technology companies raised $42.5m in two weeks from farm-to-fork.
AgShift, an ag data startup helping farms automate their compliance reporting, also closed a pre-seed round. Online office catering service Platterz and pivoted Indian agri-marketing platform Ninjacart also raised funding.
Also in this week's funding sheet, Waycool, a fresh produce distribution service for smallholder farmers in India raised funding from George Soros-backed Aspada Investments.
The Yield is an Australian microclimate sensing, IoT and predictive analytics startup for aquaculture and agriculture.
Described as a ‘game changer’ InspiraFarms' technology consists of modular cold storage and food processing units, which run on off-grid renewable energy and aim to increase farm incomes by 40%.
A big two-week funding sheet includes a diverse set of food and agtech startups raising funding.
Arable's sensor, named the Mark, which is deployed in the field above the leaf canopy of the relevant crop, captures 40 different data streams.
Cool Planet, the biofuel-turned-biological ag products company, has raised $19.3 million in venture funding from existing investors to drive the commercialization of its first products.
FarmLead helps growers, who typically sell to a handful of local buyers, to negotiate better prices for their grain by opening them up to a new set of potential buyers online.
LoveTheWild, the Boulder-based frozen seafood brand that only sources farmed fish, has closed an undisclosed Series A round of funding with Leonardo DiCaprio and seafood-focused venture capital fund Aqua-Spark.
The round was led by Chicago-headquartered agtech venture capital firm Cultivian Sandbox. Existing investor Taylor Farms, through its venture arm, also joined the round.
A bumper two weeks of funding saw 14 startups raise $184m across on-farm biotech, biotech, satellite imagery, India, 3D printing, including Instacart's $400m Series D. There was also an ag data acquisition in the UK.