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.
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.
Beyond Meat lists on the Nasdaq today after raising $240m in IPO funding at a valuation of $1.46bn, pricing the deal at the top of an increased price range, highlighting strong investor demand for the stock.
Nolan Paul, Partner at Yamaha Motor Ventures and ex-head of R&D Strategy and Emerging Technology at leading produce grower Driscoll's is offering his thoughts on how the agritech sector is developing ahead of his speaking slot at World Agri-Tech Innovation Summit in San Francisco next month.
You may have seen The Production Board crop up on a few agrifood tech investments, but there's little publicly-available information about the investment holding company founded by David Friedberg. Until now.
It is possible for as many as one out of 15 containers to get rejected when they arrive at their destination, an expensive outcome when containers carrying high-value food can be worth as much as $500,000.
Bioceres, the Argentinian ag biotech business, is set to list on the New York Stock Exchange (NYSE) early next year through a reverse listing with a company controlled by Uruguyuan presidential hopeful Juan Sartori.
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.
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.
The fledgling startup industry looks different to other global markets with the vast majority of innovation and investment ($1.7 billion) taking place downstream; but China’s agrifood startup scene has something the US market does not.
Solana was founded in 2017 by a team of former employees of Illumina, the leading genetic tools provider, which guided the launch and production of hundreds of products – including market-leading DNA sequencing solutions.
Deveron, which sends pilots to fly drones over farmland on request, will gain precision agriculture capabilities by bringing Veritas’s team of agronomists, plant scientists, and data scientists onto its staff.
Nutrien intends to integrate Agrible's suite of farm management services with its newly branded digital platform as well as continue to grow Agrible's sustainability tracking service for food companies.
Sensient Technologies, a global colors, flavors, and fragrances company, has acquired Mazza Innovation, a Canadian startup with a novel method of extracting plant-based ingredients for the food & beverage, cosmetic and pharmaceutical industries.