Biologicals startup Inocucor has acquired ATP Nutrition in the opening salvo of a plan to become a “selective consolidator” in the premium crop inputs space.
The AgFunder platform has built a powerful, global network and we’ve had the good fortune to get to know some of the industry’s most successful entrepreneurs from the beginning of their journeys. Going forward, we will be leveraging the AgFunder platform to invest in other bold and exceptional founders who are committed to building the next generation of agrifood tech companies that will transform our food and agriculture system.
Inocucor manufactures biological stimulants for agriculture using a patented fermentation process to combine multi-strains of bacteria and yeasts into soil and plant optimizers. It has two products on the market today that aim to enhance the growth of crops.
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.
Asilomar’s chemical input can make yields from an average year of rainfall in major row-crop growing climates as high as if rainfall was ideal, says the founders.
Barilla, the family-owned company best known for its signature blue pasta box, announced a new food-focused venture fund and accelerator called Blu1877, plus more in our weekly brief.
TIPA, which has won awards for its packaging, compares its product to orange peel: in comparison to regular plastic that will last for hundreds of years, it will decompose within just 180 days in compost conditions.
Farmobile produces a small in-cab unit called a PUC that wirelessly shares machine and agronomic data gathered in the field in real time.
Zume is one of just a few startups creating solutions for restaurants to use in-house compared with the rest of the agrifood tech sector, but could the tide by changing as high profile investors come into the space?
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.
MycoTech uses mushrooms and fungi to remove bitter tastes from food and drinks.
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.
Agricultural biotechnology and micropropagation company Phytelligence has raised $6.95 million of a potential $16 million Series B closing August 4.
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.
Israeli digital ag startup Prospera has raised a $15 million Series B round for its end-to-end internet of things platform using AI and computer vision for indoor and outdoor farms.
Freight Farms, the startup growing lettuce inside shipping containers, has completed its Series B funding round on $7.3 million.
Solyent, Thymox, Propel, Hectare Agritech, Smart Earth Seeds, Taranis, Abundant, Calysta, Ceres, and Territory have all raised funding in the past two weeks.
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.