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.
Cool Planet, the biofuel-turned-biological ag products company, has raised $19.3 million in venture funding from existing investors to drive the commercialization of its first products.
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.
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.
The year's first exit came from Observant, an early agtech pioneer in the precision water management space. Jain Irrigation acquired the Australian company.
Equity investing in just one way TechAccel, a venture development organization, works to accelerate innovation in agriculture.
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.
Insect farming, Big Data technology, soil health products, and a Crowdfund a cow platform are just a few of this week's agtech fundings.
A bumper week of fundings includes startups offering satellite imagery analysis, drones-as-a-software, milk products, wine e-commerce and more.
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.
Fairfax Financial, the investment company of Prem Watsa, has invested in Canadian digital precision agriculture company Farmers Edge, injecting new capital into the company as well as buying stock from existing investors.
Catch up on a diversified week of fundings in the food and agtech market as things start to heat up as we approach the end of the year.
A busy week of fundings includes startups from the biologicals, cannabis, poultry, livestock monitoring, and food delivery sectors.
A varied week of agtech fundings includes a food waste-to-biofertilizer company, a leading global private equity firm, an Irish startup using artificial intelligence to find healthy peptides, a precision ag software startup, and more.
A bumper week for agtech fundings includes a diverse mix of cannabis tech, nutrition tech, food e-commerce, weather monitoring, and indoor agriculture.
Soil and crop technologies led the week with two crop enhancement technologies raising funding in Italy and Africa.
Microbe manufacturing was the name of the game this week with two fundings in the space alongside alternative protein and non-food biomass technologies.
Tyson’s investment comes just a couple of weeks after an investor coalition worth over $1.2 trillion put pressure on some leading food companies to incorporate more plant-based meat alternatives into their supply chains and consumer products.
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?
FreshDirect was the week's biggest deal, followed by startups from Europe, Israel, and Argentina also raising capital, making this a very diverse week for agtech funding.