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.
The Quebec-based company that's developing and selling Carinata seed, raised the funding to support the company’s global expansion.
A big two-week funding sheet includes a diverse set of food and agtech startups raising funding.
TPG Alternative and Renewable Technologies, an arm of the $70 billion global private investment house TPG, has invested in Inocucor Technologies, the Canadian agricultural products company.
Benson Hill Biosystems has identified a more precise and efficient gene-editing tool than CRISPR Cas-9 that uses a suite of new nucleases instead of the Cas-9 enzyme, according to Matt Crisp, CEO.
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.
The extension in funding has given AgroSavfe a prime slot within Sofinnova’s newly-launched, €106 million Industrial Biotech Fund that closed last week.
Investment in seafood and aquaculture technology increased 271% compared to the $52 million raised across both 2014 and 2015, but there is still a huge need for technology to bring efficiency and sustainability to the industry.
Farm management software startups dominate this week's funding brief, while an alternative dairy and cannabis investment company also raised funding.