Brief: Gates Foundation leads $707m investment in Dutch e-grocer Picnic
Picnic dispatches groceries from strategically located, automated hubs to its customers’ doorsteps using electric minivans.
Picnic dispatches groceries from strategically located, automated hubs to its customers’ doorsteps using electric minivans.
M&A activity was concentrated in the US, which hosted over half of all deals – with Europe and Asia Pacific accounting for 19% and 11% respectively.
The impact investor aims to prove the commercial “climate resilience” opportunity in African agtech ventures like Kenya’s SunCulture and Nigeria’s Tomato Jos.
“At Careem, we were barely scratching the surface. From tax filing [to] transportation, we realized no-one had tried to solve the problems of the retail industry.”
Andes has developed a seed treatment that enhances crops’ nitrogen-fixing capabilities, reducing reliance on synthetic fertilizers. It’s eyeing carbon next.
The Raleigh, North Carolina-based startup captures and screens microbes found in the natural world to identify apt candidates for pest control and crop protection.
While mega-deals involving seven Chinese e-Grocery startups accounted for $3.8 billion of H1’s figure, funding to other countries is still on track to outpace 2020 levels, according to the latest data from AgFunder.
The deal originated when FarmlandFinder CEO Steven Brockshus sent a message to the real estate company CEO on LinkedIn looking for guidance on growth.
The State of the Agrifoodtech Union.
Gates isn’t the only one to have recognized that farmland investments can lead to solid returns.
The e-commerce company said it’ll re-invest its profits into a new ‘non-commercial’ initiative aimed at promoting agtech, digitalization, and rural development in China.
Novel Farming Systems – which includes CEA, aquaculture, and insect production – was the second best-funded agtech category last year, according to AgFunder.
New Carnivore has made seven deals to date, co-investing with leading VCs such as Andreessen Horowitz, Breakthrough Energy Ventures, and DCVC.
Prosus Ventures led the Series B round, with JME Ventures and Seaya Ventures among the other participating investors.
Founder and CEO Jaisimha Rao claims it’ll have “the world’s largest fleet of agriculture robots in the next 18 months.”
The Singapore-based startup secured the Series A funding from Exfinity Venture Partners, pi Ventures, and AgFunder, among others.
The startup will use the capital to cement its presence in India and expand its food quality assessment platform to the Middle East and Europe.
The US startup uses “rapid epigenetics” to stimulate crops’ root zones and enhance the performance of synthetic fertilizer, while reducing usage.
The US startup said it plans to build a “national network of new high-tech farms that will accelerate the salad industry’s transition to indoor farming.”
The Canadian startup is hoping to give aquaculture farmers a boost by floating them cash while they wait 30-90 days for payment from buyers.