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.
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.
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.
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.
The only deal in a quiet week for agtech fundings is Agrivida, a biotech startup in the animal nutrition industry. The startup has raised $20.4 million in Series E funding, in a first close for the round.
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.