The company’s freshly raised Series A funding will go towards expanding the reach of its remotely managed network of modular veritcal farms.
The soil carbon project which already has 2700 farmers on board will help farmers adopt climate smart ag practices while connecting them to carbon markets.
Innovators creating bio-based alternatives to synthetic, fossil fuel and animal-based products and materials are capturing investor attention.
2023 will be a pivotal year for cultivated meat, as a handful of well-capitalized startups hit the market and early-stage players wait with bated breath to see if consumers are sufficiently enthused to motivate anxious investors to keep funding the nascent space, said investors at the Future Food Tech conference.
Oatly raised $425m as it “moves towards reaching financial self-sufficiency,” cultivated meat startup Fork & Good opened a pilot plant in New Jersey, and Klimato secured €4.2 million ($4.5 million) to expand its platform to help restaurants report the carbon footprints of their cuisine.
The Global Impact Investing Network (GIIN) has launched a new tool for agriculture impact investment funds to measure the impact of their investments against others.
eGrocery is still the biggest subsegment in agrifoodtech investing, attracting a cool $5.1 billion in funding in 2022. But that pales in comparison to the jaw-dropping $19 billion raised by food ecommerce startups in 2021, according to AgFunder’s new global investment report.
MITRA, an Indian manufacturer of fruit spraying equipment, has today been fully acquired by major automotive manufacturer Mahindra & Mahindra.
Sugar-eating microbes dominate industrial fermentation today. But algae will be the “predominant biomanufacturing platform of tomorrow,” predicts Australian startup Provectus Algae, which is unlocking the potential of photosynthetic algae to make high-value ingredients.
There’s still scope for innovation in boosting farmer producticity and efficiency as AFDB predicts 60% increased food insecurity.
Patagonia Provisions “fell in love” with Moonshot’s business, which is built around the concept of shorter supply chains and more traceable ingredients.
Tofurky’s new owner Morinaga Nutritional Foods paid north of $50m for the family-owned alt meat brand, one of the leading players in the US meat alternatives market, AFN has learned.
New frontiers in biotechnology and fermentation are being deployed to reduce the environmental impact of our animal-based food system. But do developments in cellular agriculture take ethics into account?
The deal will help Divert build more anaerobic digestion facilities across North America to turn food waste from grocery stores into renewable gas.
63% of consumers also agree that snacks with a higher environmental impact should cost more, according to Mondelēz International Malaysia & Singapore.
Agridex says it’s bringing transparency, connectivity and accessibility to ag value chains and its COO, Henry Duckworth believes blockchain is the solution.
The partnership’s initial transaction will be for a multi-farm facility in Virginia where Plenty and Driscoll’s will grow strawberries.
Data Snapshot is a regular AFN feature in which we analyze food and agriculture technology investment data provided by our parent company, AgFunder. Click here for more
High-protein, low-sugar “complete nutrition” brand Soylent sees opportunities to expand its retail presence and improve marketing, according to its CEO.
Wild Microbes has raised $3.3m in a pre-seed round to help unlock the potential of precision fermentation via gene editing technology it claims can enable the use of a broader range of microbial hosts.
