Nestlé is partnering with VC firm the Yield Lab Latam to support agtech startups in Latam and bolster its own sustainability goals.
Agrifoodtech investment in France surged 39% to $1.3 billion in 2022 against the backdrop of a 46% decline in Europe and a 44% slump in global agrifoodtech funding over the same period.
DouxMatok, the Israeli firm behind patented technology that makes sugar taste sweeter, has rebranded as Incredo and raised $30 million in a series C round to expand its sugar reduction platform.
When the team at NCH Agriculture, a $1bn agriculture investment business, founded Agroprosperis in 2006, they didn’t have a plan and understood little about farming. Today Agroprosperis is the largest producer of crops in the Black Sea region, and is returning 15% a year to its investors.
2022 was a lousy year for agrifoodtech investing, and India was not immune to the headwinds impacting global markets, with funding to Indian startups in the field dipping 33% year-over-year to $2.4 billion, according to AgFunder’s new India AgriFoodTech Investment Report 2023.
Japanese dairy giant Megmilk Snow Brand Co is investing in plant-based proteins via a joint venture with Singapore-based Agrocorp International.
The Americas and Asia tied as regions with the most ag biotech funding in 2022, with each raising $1.3 billion.
Resurrect Bio uses gene editing to fix the innate immune system of crops and make them more resistant to disease.
Restaurant tech startup Deliverect has acquired ChatFood, a startup specializing in digital tools to improve the dine-in experience and enable consumers to order food directly through social media apps.
Farmless—a Dutch startup using carbon dioxide, rather than sugar, to fuel its fermentation-based food production platform—has raised €1.2 million ($1.3 million) in a pre-seed round.
Venture builder Enviu has released a report after surveying Kenyan farmers to get their take on the regenerative ag movement.
The Yield Lab Latam is targeting a $50m final close by the end of the year.
The women-led investment firm says this early stage fund will help get new innovations to Canadian producers.
This year’s AgFunder GROW Impact Accelerator includes startups focused on planetary health, climate-smart agriculture and decarbonization, among other areas.
Tepbac stands out for its unwavering commitment to bettering the lives of shrimp farmers and improving the aquaculture industry of Vietnam.
While opportunistic food marketers are already jumping on the ‘regenerative ag’ bandwagon, we need more data to define what this means for individual crops before growers can see a clear business case for adopting new practices, says KIND Snacks.
Later-stage deals for food waste startups increased in 2022, while larger platforms are starting to acquire smaller solution providers.
Tevel is partnering with ag machinery manufacturers and integrating its robots and ground computing software system with harvesting machinery.
California startups raised nearly twice as much funding as the second-largest global market for VC investment in agrifoodtech.
Copper has been used as a fungicide since the 1800s with no pathogen resistance. VM Agritech builds on this ancient solution with a broad-spectrum, copper-and-zinc-based fungicide.
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