Acquisitions in restaurant tech keep coming, HelloFresh is undeterred by Blue Apron's disastrous IPO, new hires, new grants for Danforth, and more in this week's brief.
Monsanto Growth Ventures portfolio company Agsolver has sold to a Texas-based agricultural software provider, new hires, and more Aussie IPOs in this week's brief.
In this episode, I speak to Jorge Heraud, the cofounder and CEO of Blue River Technology, a Silicon Valley startup bringing robotics to the farm. Blue River was recently acquired by John Deere, the world's largest tractor company, for $305 million.
Early stage investment in agrifood tech startups reached $4.4 billion in the first half of 2017, posting a 6% year-over-year increase reversing the downward trend of 2016 when agrifood tech investing dropped 17% to $6.9 billion from $8.3 billion in 2015.
High-profile startup hires, a startup IPO, and new startup resources also make up part of this week's brief.
Deere & Company announced plans to acquire Blue River Tech for $305 million last week as the next step in its quest to build autonomous equipment for agriculture.
Impossible Foods estimates that the new Oakland plant will be able to produce one million pounds of burgers per month, farms prepare for Hurrican Irma, and more.
"This is the start of the next chapter in agriculture," says Kiersten Stead from MGV, an investor in Blue River.
South Texas farmers are reportedly racing to harvest crops before the imminent arrival of Hurricane Harvey on Texas’s gulf coast, Amazon is lowering Whole Foods prices, and more.
Agrilyst and Motorleaf have partnered up to facilitate increased automation for indoor, hydroponic growers plus new acquisitions and hiring.
Granular CEO Sid Gorham will continue to helm Granular while also taking over digital agriculture for DuPont, which includes responsibility for DuPont’s agronomic software business.
After a series of high profile acquisitions and more likely on the way, China is poised to have a much larger footprint in the global food supply chain in the near future, according to a new report from Rabobank.
Calyxt spun out from its parent company Cellectis to price an oversubscribed IPO at the bottom of the price range, while analysts remain concerned about gene editing regulation.
New Zealand in-field IoT provider CropLogic is set to go public on the Australian Stock Exchange while Japan’s Otsuka Pharmaceutical Co has acquired Canadian dairy-free, food company Daiya.
Blue Apron is the first meal kit company to IPO, with global competitors HelloFresh and SunBasket watching the outcome closely ahead of launching their own expected IPOs.
A cautionary tale is quietly making its way around food tech investor communities and conferences. The tale is the story of cleantech.
Whole Foods' acquisition by Amazon is a chance for them to restore the best part of the business, with technology and innovation as the driving force, writes Emma Cosgrove.
The high-cost of customer acquisition and a recent uptick in losses for the five-year-old food tech company could make the decision to list look precarious and spell bad news for competitors also considering listing.
The move to acquire Bright Agrotech will give Plenty the breadth of expertise and IP to scale with rapid speed, and is a natural move after a four-year relationship, according to Matt Barnard, cofounder and CEO.
A Californian product design and engineering group called Motivo Engineering has acquired Robodondo, a robotics startup focused on the food industry.