Eastern and Southern Europe have recently seen the entry of Tarfin and Agro.Club, two agri-fintechs that are expanding into new markets. These regions have sufficient data availability which can be used to localize risk algorithms. They also have a large population of small to medium-sized farmers.
In 2021, eGrocery dominated dealmaking yet again; but upstream startups vastly increased their share of funding.
The UK-based startup secured the funds from US investor Regenerate Ventures.
Fund II will invest in ag biotech and digital solutions up and down the agrifood value chain, from fintech solutions to crop science and animal health.
“We have additional insecticide candidates at earlier stages in our pipeline, as well as our first fungicidal candidates,” CEO Anna Rath tells AFN.
Mashgin builds contactless self-checkout machines; while Absolute is vertically integrating the ag value chain. Elsewhere, Brightseed banked $68 million.
But early signs suggest a slowdown in 2022.
Most of the top deals involved eGrocers and Restaurant Marketplaces, highlighting the continent’s thirst for ‘quick commerce.’
The French startup will use the funding to accelerate its expansion into North America.
Corteva Agriscience has recently invested in a South Africa-based seed treatment facility to help in developing healthier seeds and reducing yield loss.
The Singapore-based startup has acquired stakes in ag produce supply chain businesses in Indonesia, Malaysia, and Vietnam in recent weeks.
Top Ag Biotech investment deals in 2021 covered gene editing, farm inputs, animal health solutions, and biofertilizers, among others.
Brazil- and US-based Solinftec will expand availability of its precision ag farm management platform to additional growers in North and South America.
When it comes to crops, biologicals are all the rage as a means to reduce agriculture’s environmental footprint – and increasingly as a solution to supply chain disruption. Decoy says livestock will be next.
It says revenue from its marketplace for new and used farm vehicles grew 7x over the past two years.
Innovative Food was 2021’s most active agrifoodtech investment category, driven by mega-deals for the likes of Impossible Foods and Perfect Day.
The agribusiness marketplace for Ghanaian smallholders has raised $6.5 million in equity and $6.4 million in debt.
Cultivate Next will invest in early-stage restaurant tech that can enhance both guest and employee experiences.
How does agrifoodtech’s share of VC funding compare to agrifood’s share of GDP in the US?
Kenya’s Tushop is scaling to allow communities to purchase groceries in groups, thereby getting wholesale prices for goods.
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