New Zealand’s agtech sector is in robust health with great deal flow opportunities for international, as well as domestic, investors. But the country lacks a coherent story that articulates our strengths in this space, writes Peter Wren-Hilton.
The fund will work with various national farm organizations and other partners to identify, enable and accelerate companies with high growth potential in the agtech sector.
Solyent, Thymox, Propel, Hectare Agritech, Smart Earth Seeds, Taranis, Abundant, Calysta, Ceres, and Territory have all raised funding in the past two weeks.
The founder of Rockit Global, the New Zealand company that holds the global rights to the mini Rockit apple variety, has sold over 50% of the company to two private equity firms Pioneer Capital and Oriens Capital for around N$25 million ($17 million).
Farmnote will use the funding to expand overseas and to further develop its technology within Japan alongside its new partners and investors.
Ceres Imaging captures aerial imagery for agriculture using proprietary sensors that are attached to fixed wing aircraft and then analyzed for farmers.
Today, Agrihive, a collaborative organization that launched during the worst drought in Australian history, has launched Farmecco, a fintech platform for farmers aimed at improving their financial literacy.
The highs and lows of the food e-commerce space continued this week with Territory raising $6.7m in Series A funding in the same week that Maple closed and sold some of its assets to the UK's Deliveroo.
The financing will enable the business to achieve commercial scale manufacturing of its FeedKind protein, which is an alternative feed ingredient for fish, livestock and pet nutritional products.
The Israeli startup raised funding in a round led by Finistere Ventures and Vertex Ventures.
Abundant will use the proceeds to commercialize its first product, aimed at reducing the $200 billion orchard farming industry’s reliance on seasonal labor.
Plant-based foodtech startup Nutriati has raised $8 million in Series A funding to commercialize ingredients targeting food manufacturers and processors.
Wasteless is an Israeli startup creating a real-time tracking solution to help fight food waste at the grocery store.
Full Harvest is on a mission to repurpose the 20 billion pounds of produce that are wasted at the farm level each year.
The Quebec-based company that's developing and selling Carinata seed, raised the funding to support the company’s global expansion.
Also in this week's funding sheet, Waycool, a fresh produce distribution service for smallholder farmers in India raised funding from George Soros-backed Aspada Investments.
The Yield is an Australian microclimate sensing, IoT and predictive analytics startup for aquaculture and agriculture.
Described as a ‘game changer’ InspiraFarms' technology consists of modular cold storage and food processing units, which run on off-grid renewable energy and aim to increase farm incomes by 40%.
Roslin Technologies has spun out of the University of Edinburgh and The Royal (Dick) School of Veterinary Studies, to raise £10 million ($12.4m) in funding to commercialize its first products.
A big two-week funding sheet includes a diverse set of food and agtech startups raising funding.