The founder of Rockit Global, the New Zealand company that holds the global rights to the mini Rockit apple variety, has sold over 50% of the company to two private equity firms Pioneer Capital and Oriens Capital for around N$25 million ($17 million).
With technology set to disrupt the food & beverage industry, it’s becoming clear that, for companies that wish to survive, change is not an option, write sustainability consultant Tod Christenson.
The highs and lows of the food e-commerce space continued this week with Territory raising $6.7m in Series A funding in the same week that Maple closed and sold some of its assets to the UK’s Deliveroo.
Hampton Creek CEO Cleans House Amid Fundraising Woes Hampton Creek, which created a vegan egg-less mayo spread, has only raised $7 million toward its recently
Retail sales of labeled fresh grassfed beef reached $272 million in 2016, up from $17 million in 2012 and doubling every year, according to a new report entitled Back to Grass: the Market Potential for U.S. Grassfed Beef.
Plant-based foodtech startup Nutriati has raised $8 million in Series A funding to commercialize ingredients targeting food manufacturers and processors.
The conversation around foodtech in Israel has now completely changed, according to Amir Zaidman, VP of business development at The Kitchen.
Earth Day provides a prime opportunity to reflect on the state of environmental sustainability in the food and agriculture industry.
Tyson Foods Appoints its First Chief Sustainability Officer Major poultry producer Tyson Foods has named Justin Whitmore to the newly-created role of Chief Sustainability Officer.
Wasteless is an Israeli startup creating a real-time tracking solution to help fight food waste at the grocery store.
Also, Acquisition of Syngenta by ChemChina Approved by Chinese Competition Authority and Monsanto Sells Brazilian Seed Processing Plant to Tecnoseeds.
AgShift, an ag data startup helping farms automate their compliance reporting, also closed a pre-seed round. Online office catering service Platterz and pivoted Indian agri-marketing platform Ninjacart also raised funding.
Full Harvest is on a mission to repurpose the 20 billion pounds of produce that are wasted at the farm level each year.
Also this week, VDO TechAccel and microbiome startup Indigo both expand their leadership teams.
Also in this week’s funding sheet, Waycool, a fresh produce distribution service for smallholder farmers in India raised funding from George Soros-backed Aspada Investments.
Hampton Creek CEO Josh Tetrick announced that the SEC was closing the investigation and that it had not found any instances of wrongdoing related to the buyback scheme.
A busy week include Saudi Arabia’s first fly farm, a UK agtech innovation hub, Impossible Foods’ new plant-based meat factory, SeaWeb champions and more!
The Climate Ventures 2.0 application deadline has been extended to March 31, 2017, while a new initiative at UC Merced aims to position current students at the edge of the intersection between food, energy, and water.
ReFED Names Chris Cochran As First Executive Director ReFED, a collaborative, cross-sector effort of 40 businesses, non-profits, foundations, investors and policymakers committed to reducing food
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.
