Brightfarms, the greenhouse operator, closed a $30.1 million Series C led by growth equity firm Catalyst Investors and joined by existing investors WP Global Partners and NGEN Partners. According to the company, this funding is the largest equity investment to date in the controlled environment local produce industry in the US.
Distribution of the product will focus on the US, Canada, and Argentina, where NewLeaf has been successfully piloting the product for three years.
The company says its technology is transforming poultry production by turning a cost center -- dealing with waste manure -- into a source of fuel, thereby driving farm profitability through reduced energy bills.
Solyent, Thymox, Propel, Hectare Agritech, Smart Earth Seeds, Taranis, Abundant, Calysta, Ceres, and Territory have all raised funding in the past two weeks.
Air seeding technology brought new scale and efficiencies to farming when it was first introduced, but there are several drawbacks, according to Graeme Lempriere, CEO of Clean Seed.
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 round was co-led by Google’s venture arm GV and San Francisco-based impact investor DBL Partners as FBN builds out its procurement, financing and data-driven analytics tools for farmers.
A biotech company working on improving the consistency and efficiency of cannabis cloning raised seed funding from an impressive array of investors while an Aussie wholesale surplus food marketplace got the attention of impact investors.
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.
Agtech funding in 2016 was a tale of two halves as the number of deals closed increased 10% to 580 due to an uptick in seed stage activity, while investment dollars fell 30% to $3.2bn.
A busy week of fundings saw $89m raised by startups offering technologies from farm-to-fork.
The South African media group led the round for data analytics and record-keeping tool FarmLogs, joined by existing investors.
Emerging market farm-to-consumer platforms joined a biotech company producing hypoallergenic peanuts, a precision ag startup, a an online seed retailer, and a large European meal kit delivery service.
A busy week of fundings as the year draws to a close includes food safety technology, insect farming, food waste technology, Indian supply chain technology and more.
A busy week of fundings includes startups from the biologicals, cannabis, poultry, livestock monitoring, and food delivery sectors.
A bumper week for agtech fundings includes a diverse mix of cannabis tech, nutrition tech, food e-commerce, weather monitoring, and indoor agriculture.
The next agricultural revolution is upon us. Entrepreneurs from a wide range of disciplines are innovating at a pace never seen before in the industry. But who's funding this innovation?
This is Temasek's 3rd agtech investment in a year.
Last week, greenhouse operator BrightFarms announced it raised $30 million in Series C funding, the largest US-based controlled environment agriculture investment round on record. But how did it get there?
While it’s certainly been slow during the summer, there have been some notable fundings and we don't want you to have missed them!