BREAKING: France’s Sencrop Closes $10m Series A to Expand Agro-Weather Station Network
Sencrop's Series A marks The Yield Lab's first French startup investment.
Category Archives: Investment News
California Awards $90m Grant Funding to Dairy Tech CalBio in Mission to Reduce State’s Livestock Emissions
Legislation adopted in 2016 requires the Californian state to reduce methane emissions from the dairy and other livestock sectors by 40% by 2030.
Ostara Raises $11m Co-Led by Wheatsheaf & Acquires Multiform Harvest for Wastewater-to-Fertilizer Tech
Ostara, a nutrient management solutions company, has closed a new round of equity financing co-led by existing investors VantagePoint Capital Partners and the food-focused European family office Wheatsheaf Group.
Canadian eGrocer SPUD Raises $8.2m Pre-IPO Funding for Food-X Urban Delivery
The funds will be primarily used to advance Food-X Urban Delivery, SPUD’s shared e-commerce grocery delivery platform that allows multiple third-party retailer partners to provide grocery delivery to customers.
Coca-Cola Leads $10m Series A for Restaurant Data Tech Startup
Omnivore offers a universal point-of-sale connectivity platform that allows hundreds of third-party technologies to integrate seamlessly. It calls itself the "industry standard for POS integration."
Merck Acquires Digital Livestock Tech Antelliq for $2.4bn in Biggest Agtech Acquisition on Record
US pharmaceutical company Merck has acquired digital livestock and animal health tech company Antelliq Group for €2.1 billion ($2.37 billion).
Antelliq manufactures sensors for animals, including ear tags for dairy cows through a product called Allflex that can monitor cows’ activity and provide traceability.
Canadian Automated Vertical Farm Systems Developer Inno-3B Raises C$6m Seed Funding
Canadian vertical farming systems developer Inno-3B has completed its first seed round of financing at nearly C$6 million ($4.45m).
Located in Quebec and Ontario, the company provides turnkey vertical farming systems for a variety of customers, from researchers, biotechnologists, and small-scale farmers, to regional and multinational producers.
Maersk Invests in ImpactVision’s “Game-Changing” Hyperspectral Imaging Tech for Food System
"Several departments and colleagues within Maersk will look forward to exploring opportunities with ImpactVision," Peter Jorgensen, venture partner at Maersk told AgFunderNews.
BREAKING EXCLUSIVE: Indian AgriFood Startups Raise $1.7bn in Venture Capital 2013 – 2017
Indian AgriFood Startups Are Innovating to Give Consumers What They Want, and Fix a Broken Industry. Find out more in this first-ever India AgriFood Startup report.
Why Syngenta Ventures Invested in India’s Ninjacart
Ninjacart aims to increase farmers’ incomes, reduce food wastage, introduce competitive prices for retailers, and ensure quality food for all consumers. But how can this benefit Syngenta?
BREAKING: Indigo Acquires Satellite Imagery Startup TellusLabs for ‘Living Map of World’s Food Supply’
Indigo Agriculture, the microbial ag products startup-cum-agribusiness marketplace has acquired TellusLabs, a startup using satellite imagery to monitors the world's croplands.
BREAKING: Zymergen Raises $400m Series C in Largest Ever Upstream AgriFood Tech Deal in US
Zymergen is not wholly focused on agriculture but it’s a significant part of its business and drove early demand for its molecular products that aim to replace petroleum-based products and other environmentally-damaging ingredients with a biological alternative.
Ag Biotech Startups: Hi Fidelity Genetics & PlantResponse Raise Venture Funding Totaling $15.4m
This week, two startups using different biotechnological approaches to improve the efficiency of row crop farming, raised venture capital funding totaling $15.4 million.
AI-Powered Digital Grocer Farmstead Raises $2.2m Series A in Mission to Finally Crack Perishable E-Commerce
Farmstead claims to be the nation’s first AI-powered digital grocer that sources and delivers fresh, local food from farm to fridge in 60 minutes.
BREAKING: Bowery Raises $90m Series B from GV, Temasek
Bowery Farming, the New York-based indoor farming group, has closed a $90 million Series B round of funding in a round led by Google’s venture arm GV, an existing investor in the startup.
Why is Europe Behind in Food Tech Investment?
European food tech startups are on course to have raised between €750 million to €1 billion in 2018, according to different estimates. That will be around a 40% decline on 2017 funding levels.
Estonia’s eAgronom Raises €1m Seed Funding for Farm Management and ERP Software
The web and mobile platform allows grain farmers to manage and oversee their farm in real-time, including employee operations and activities in the field.
Understory Raises $7.5m to Power Global Expansion of Weather Monitoring Network
Understory analyzes and processes data to create real-time datasets, views, and actionable information from historical, current and forecasted weather events to provide better insights and early detection of risks.
India’s CropIn Raises $8m Series B to Digitize Smallholder Farms at Scale
CropIn Technology Solutions, an Indian agriculture technology startup, has raised Rs58 crores ($8 million) in Series B financing from Chiratae Ventures (formerly IDG Ventures India) and the Bill & Melinda Gates Foundation Strategic Investment Fund.
Turkish Fintech for Farmers Raises $1.3m Seed Round, Targets 2019 Expansion
Tarfin, the Turkish digital platform that enables farmers to access agriculture inputs through instant financing solutions, recently completed a $1.3 million seed round.
Collective Spark Fund, a venture capital fund focusing on early-stage technology startups in fintech, consumer tech, and SaaS, led the round with a co-investment from Wamda Capital, a multistage VC focused on digital disruption.