Postmates, a San Francisco-based logistics company that operates a network of couriers who deliver goods – mostly food — locally, has closed a pre-IPO $100 million funding round led by BlackRock, Glynn Capital and Tiger Global, upping the company’s valuation to approximately $1.85 billion.
The new facility will be automated from seeding to growing to harvesting featuring handling robotics, artificial intelligence, data analytics, and around-the-clock monitoring sensors and control systems to optimize every aspect of growing produce indoors.
Ostara, a nutrient management solutions company, has closed a new round of equity financing co-led by existing investors VantagePoint Capital Partners and the food-focused European family office Wheatsheaf Group.
The funds will be primarily used to advance Food-X Urban Delivery, SPUD’s shared e-commerce grocery delivery platform that allows multiple third-party retailer partners to provide grocery delivery to customers.
Zymergen is not wholly focused on agriculture but it’s a significant part of its business and drove early demand for its molecular products that aim to replace petroleum-based products and other environmentally-damaging ingredients with a biological alternative.
Bioceres, the Argentinian ag biotech business, is set to list on the New York Stock Exchange (NYSE) early next year through a reverse listing with a company controlled by Uruguyuan presidential hopeful Juan Sartori.
The fledgling startup industry looks different to other global markets with the vast majority of innovation and investment ($1.7 billion) taking place downstream; but China’s agrifood startup scene has something the US market does not.
Indigo Ag has taken the next step in its journey to becoming a consolidated farm services platform by launching a grain marketplace.
Cargill has invested in Agriness, a Brazilian farm management software program focused on pig farms with more than 2 million sows in Latin America managed using its platform.
Though Bright Farms' funding hasn't quite caught up to its higher raising counterparts in AeroFarms and Plenty, the greenhouse grower appears to be the closest to being a national brand.
The California-based startup that was forced to withdraw from various cities across the US in 2015 after expanding too quickly, recapitalized in 2016.
The startup has now raised $396 million in debt and equity in total, making it the best funded alternative protein startup to date.
Drone-enabled aerial data and safety platform provider PrecisionHawk has raised a $75 million Series D round from a laundry list of major tech and agriculture players.
President Trump and the Supreme Court weigh in on agriculture issues while startups launch new products in this week's brief.
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.
The new funding will go toward building out the company’s “Bioworks3” production facility and branching out into more industries beyond the company’s mainstays of agriculture and pharmaceuticals.
Indigo's business model, which it is deploying funds to build out across the US, Argentina, and Australia, is as much a part of its offering as its business model, according to agtech insiders.
Uptake was founded on the idea that most commercial equipment, including tractors, comes outfitted with some sensors, but little use has been made of the data they produce.
The round attracted new, lead investment from two large institutional investors: global asset management firm T. Rowe Price and Singapore state fund Temasek.
US indoor agriculture group AeroFarms has closed a $40 million Series D round.