The Challenges 9 Traceability and Food Safety Technology Startups Face in Disrupting the Industry
Two startups working on food safety and traceability technologies raised funding this week.
Two startups working on food safety and traceability technologies raised funding this week.
There’s no doubt that agriculture technology, as a sector of innovation, is having a moment. But how will agritech investment play out over the long term?
Investment into agriculture technology startups fell 20% year-over-year in the first half of 2016, as 307 funding deals collected $1.75 billion. At the same time, deal activity increased 7% and the number of unique investors increased 52% year-over-year.
A bumper edition of fundings-in-brief includes bioinsecticides, precision ag, cannabis, lots of food e-commerce, and biotech.
Good Eggs, which last year shocked consumers by shutting down operations outside of the Bay Area, has surprised the market again by raising $15 million.
AgFunderNews caught up with the CEO of Indigo Agriculture, to find out more about the company’s blockbuster round of funding and future plans.
Cultivation Capital Leads $1.2m Round in Data Analytics Startup S4, New Wave Foods Closes Seed Round for Seafood Alternative, and Innit Raises $18m for Connected Food Platform in this week’s Fundings-in-Brief.
Indigo has raised $100 million in Series C funding as it launches its first commercial product, a microbial seed coating promoting water efficiency in cotton.
An Australian farmland fund joined a drone company, microbe manufacturer, consumer products, and food e-commerce startup to raise funding and highlighting the diversity of the ag investment space.
Ginkgo Bioworks, a startup genetically engineering microbes for partner companies in the flavor, fragrance and food industries, has raised $100 million in Series C funding from a variety of late-stage investors.
Over $60m of agtech fundings this week include Engender Technologies, Inocucor, WiseRG, Planetary Resources, MastiLine, Chef’d and Kazzit.
The agribusiness, which is already a PrecisionHawk customer, has invested a small amount in the drone company’s Series B round.
The drone technology company is the first ag-related investment for Yamaha Motor Ventures, which was joined by Verizon Ventures, NTT Docomo, and USAA as new investors in PrecisionHawk.
Capital raisings for predictive food industry forecasting company Fiddlehead, drone tech company PrecisionHawk, and food hyperlocal marketplace contribute to this week’s funding-in-brief.
Food waste is starting to get the attention it deserves. It remains one of the biggest problems affecting the global food system and is particularly troublesome in the United States.
2015 surpassed our mid-year expectations raising $4.6bn across 527 deals and representing 94% year over year growth.
Cultured meat manufacturer Memphis Meat, UK farm-2-consumer company FarmDrop and Syngenta’s acquisition by ChemChina are some of this week’s Fundings-in-Brief.
Cargill, the Municipal Employee Retirement System of Michigan and multi-family office Bessemer Trust joined existing investors to fund commercialization of Calysta’s FeedKind range.
Hortau raised the capital from a mix of US and Canadian investors to fund expansion and development.
The Canadian ag big data company raised the funding from existing investors to extend the reach of its hardware and software business.