E-commerce giant JD.com announced that it led a $70 million Series C funding in FruitDay, a Chinese-based online retailer providing a wide variety of fresh fruits and vegetables. Part of this figure includes participation from prior investors ClearVue and Susquehanna International Group.
The New Mexico State Investment Council has made an unprecedented change in its investment strategy. For the first time, the Council is investing in Brazilian agriculture through Brookfield Asset Management’s Brazil Agriculture Fund II vehicle.
Quebec City based company, XpertSea, announced $1.3 million in seed funding from Real Ventures, a Canadian seed stage venture fund. The company provides inventory management solutions for aquaculture producers, specifically through its product, XperCount, a mechanism that can count tiny aquatic organisms in a fraction of the time it traditionally takes.
Editors Note: AgFunder recently sat down with Mark Kahn, founding partner of Omnivore Partners, a VC firm investing in early stage agriculture and food technology companies in India. Mark will be a panelist on Making the Case for AgTech in the Portfolio at the Global AgInvesting (GAI) conference in NYC April 27-30.
San Francisco based Planet Labs closed $118 million in Series C financing with $23M coming in at the end of the round from the International Finance Corporation. (We covered the first close in January.) This latest round exceeds the $93 million dollar goal set by the company which builds “off-the-shelf” electronics that are placed into satellites used to map the globe.
Big up for city farming! UrbanFarmers, a Zurich based company providing farming solutions for urban areas, announced the successful completion of a 2.1m Series A round on March 31. The company says its as a ‘global pioneer’ in Aquaponic Rooftop farming — yes, that’s what it sounds like, fish, in a vegetable garden… on a roof!
BioGenerator, a St. Louis based, privately funded, non-profit investment organization whose express focus is on startups and entrepreneurs in the AgTech sector, has made a $200,000 seed investment in Apse, the company announced March 3.
India-based Villgro Innovation which has developed a rural distribution model for agriculture and dairy produces has raised $3.4 million from Startup Education and the Michael and Susan Dell Foundation. According to the company website, Villgro has reached to 6,000 farming households in India and has improved farm Income by 20-30%.