Category Archives: Investment News

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.

Gastrograph AI Closes $4m Series A to Predict Consumer Flavor Preferences of Food & Beverages

Gastrograph AI, a predictive analytics technology for food and beverage companies, closed a $4 million Series A round of funding last week.

Gastrograph collects data about how people perceive flavors and with machine learning algorithms can offer food companies predictions on how they might react to new products.

BREAKING EXCLUSIVE: FluroSat Acquires ProductionWise from Australia’s GrainGrowers

FluroSat, an Australian remote sensing, and crop health software startup, has acquired ProductionWise, the digital agriculture platform of GrainGrowers, Australia’s leading grain farmer membership group.

ProductionWise, a subscription precision agriculture software service, was developed by GrainGrowers for over 10 years in consultation with its members.

UPDATE: AgFunder Opens New Food Tech/AgTech Fund to Investors, Commitments Reach $4m in 1 Week

On our mission to democratize venture capital and increase investment in the food and agriculture industry, our fund is open to accredited investors as well as institutional investors, and we already have commitments from both.

Food Delivery Startups Might be Boring, But They’ve Returned 7x in Europe in 5 Years

The first wave of European food tech companies has mostly focused on building technology and logistics platforms to deliver food to consumers. And while the plethora of new food e-commerce options across the globe has caused investor fatigue and failures, the five leading food delivery companies in Europe are now worth seven times more than their combined investment, an awesome feat, according to Niccolo Manzoni, partner of agrifood tech investment firm Five Seasons Ventures.

BREAKING: Clear Labs Raises $21m in Series B-2 Funding to Make Food Safety Testing Quicker and Cheaper

Clear Labs, a Californian startup using next-generation sequencing (NGS) to test food for dangerous pathogens like Salmonella, has raised $21 million in an extension to its Series B round.

The advent of NGS, most notably developed by Illumina for cancer genomics and newborn screening, brought down the cost of genetic screening in the healthcare industry, as well as the time tests took, and now the same is happening for food.