The biotech business uses co-products from the whisky distillation process to produce microalgae, which are high in omega3 and other nutrients.
The new funding follows Rockstart AgriFood’s September announcement that it had raised its first €15 million and invested in 10 startups.
Agrofy could become the Amazon of agriculture, according to one of its investors who said its potential to scale beyond borders is unparalleled.
The lead investors were Clean Energy Ventures and Skyview Ventures, with participation from Autodesk Foundation, the philanthropic investing arm of multinational software corporation Autodesk.
TechnifyBiz, a digital B2B marketplace for non-perishable food commodities like nuts, seeds, dry fruits, specialty grains, and honey, has raised $2m in seed funding from Omnivore and the Insitor Impact Asia Fund.
The Israeli startup is hoping the acquisition will accelerate its expansion into the US breadbasket as agtech veterans predict more consolidation in 2020.
New Age Meats just raised $2.7m in seed funding to broaden its product offerings from sausages into bacon and pork belly.
This reporter visited This at their tech hub offices by Portobello Road in London last May to try its plant-based bacon alternative ahead of the launch that summer.
Early-stage life science and engineering investors Longwall Venture Partners led the round, which marks its inaugural agri-food tech investment.
Indigo says the new capital will support the continued global development of Indigo Grain Marketplace, as well as Indigo Carbon.
The deal is the latest move for Telus in the agriculture and agtech space.
Executives said that the freshly-launched ASA — the Aquaculture Station by Adisseo, to use its full name — will focus on nutrition, aquatic animal health, and aquatic science technologies.
Sufresca, an Israeli startup designing edible fruit and vegetable coating solutions to reduce food waste and curb plastic packaging, has just raised $500,000 seed funding from the agri-foodtech VC Rimonim, the company disclosed to AFN.
Investors included Omnivore and Better Capital, along with Omidyar Network India and Sequoia Capital India’s rapid scale-up program Surge.
xFarm’s partnership-centric approach to farm data helped it secure €3 million in equity funding from Italy’s United Ventures and Switzerland’s TiVenture.
What does a CPG company want with smart checkout technology, you ask? Data, and lots of it.
The Netherlands-based alt-protein company is one of a small number catching investor interest for farming insects for human consumption rather than for animal feed.
India has a massive farm economy but the supply chain suffers from major inefficiencies that prevent farmers from optimizing farm profits.
We asked Perfect Day why they’re leaving value on the table by focusing on partnerships and not marketing its own brand and how they’re staying ahead of the competition.
The startup is trying to create a clearinghouse for fresh perishable produce products and hopes to expand beyond the US to other top-producing regions.
