Global agrifoodtech funding is still dominated by the US – but a few massive deals in China, India, and other countries are stealing a greater share.
The Myco-Protein Innovation Call is focused on scaling the use of fungi as a protein source.
The round was led by South Korea’s Mirae Asset Global Investments.
The Canadian telco’s social impact fund boosts the number of agtech startups in its portfolio with this latest round of investments.
“In seeking Series A investors, we were intentional about collaborating with experienced food industry professionals,” says CEO Matt Gibson.
In a sign of the times, an agrifood exec was invited to deliver the opening keynote at Singapore’s annual tech festival.
The San Francisco-based company will use the Series A funds to grow its team and further develop its “proprietary” food preparation platform.
Monarch Tractor will scale its manufacturing capabilities; while Bayer and Microsoft said they’ll build “the go-forward infrastructure” for digital ag.
“The insights from this agreement will [inform] how we grow, separate, and treat our cranberries to optimize for target health benefits and sustainability.”
The world’s largest meat processor plans to acquire a majority stake in Spanish cultivated meat company BioTech Foods.
The 20-week program, backed by AgFunder, provides agrifoodtech startups with support to scale up and create lasting global change.
The category continues to evolve as digital tools blur the lines between mealkits, virtual restaurants, and dark grocery stores.
The Tel Aviv-based startup “feeds microorganisms instead of cows,” allowing it to avoid many of the ecological pitfalls of traditional dairy cattle production, it says.
The Shanghai-based firm has also signed Adisseo, Temasek, and UAE government-linked investor ADQ as LPs for its new China-focused fund.
The Singapore-based startup plans to launch into neighboring Malaysia and Indonesia during Q1 2022.
The Asia Sustainable Foods Platform will co-invest $22.2 million alongside Singapore’s national R&D agency into the new Food Tech Innovation Center.
The Singaporean salad chain sees digitalization, cloud kitchens, and plant-based proteins as the way to get there.
At Davos in 2019, an acquaintance of mine had been cornered by a journalist into committing to net zero. It might just have got him out of COP26.
REG sustainability head Kristin Dillavou said its roots in ag, and Iowa, are a strong driver behind its ability to innovate for more environmentally-friendly solutions.
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