Berlin-based portable vertical farm startup InFarm on Tuesday disclosed a vast Series B raise of $100 million, bringing its total funding to over $134 million. The raise dramatically eclipsed the big vertical farming news from Britain’s Ocado, which had forked out $22m just a day before as part of a majority stake buyout of JFC, as well as for its new joint venture Infinite Acres.
Paris-based insect farming venture Ÿnsect has been awarded a €20 million grant from the European Commission and a €3.7 billion European public-private partnership to build an industrial-size facility in northern France.
Twice annually we open up a special Co-Investment Fund to give investors the opportunity to co-invest with AgFunder on identical terms to us. We’re assembling one of the most exciting agrifood tech portfolios anywhere and five of the companies we invested in last eighteen months have already raised new rounds at 1.4x – 3.75x our original investment.
Europe's agrifood tech ecosystem raised just 9% of the funding that went to foodtech and agtech startups globally in 2018. But deal activity increased 23% as agrifood tech startups in the region closed a similar number of deals as in the US.
Asset management firm PeakBridge Partners has hired food investment veteran Peter Kruger to manage the EIT FoodSparks seed fund in collaboration with EIT Food. The fund will invest in early stage agrifood tech startups in Europe.
Telesense, which counts major international shipping outfit Maersk Growth among its investors, says its acquisition of Webstech gives it the largest remote-sensed dataset for grain storage in the world.