The year's first exit came from Observant, an early agtech pioneer in the precision water management space. Jain Irrigation acquired the Australian company.
Agtech funding in 2016 was a tale of two halves as the number of deals closed increased 10% to 580 due to an uptick in seed stage activity, while investment dollars fell 30% to $3.2bn.
It's been a rough ride for Oso Tech and its investors from its founding in 2011 in Urbana, Illinois until now. But the journey culminated in an exit and sale to Scotts Miracle-Gro.
Startup resources continue to grow with a new accelerator and two competitions launching last week.
The deal is also the first exit for Monsanto Growth Ventures, the agribusiness’s venture arm which has been investing since the beginning of 2013 and led the $1.2 million Series A round for VitalFields in May 2015.
Sperm sexing technology, hi-tech glasses for drones, and an aerial imagery company working with John Deere make up a very diverse and exciting Ag Industry Brief this week!
Agribusinesses are at risk of being left behind if they don’t make technology investment a core part of their strategy, according to a new report from BCG Consulting and AgFunder.
US farmland values fell 0.2 percent in Q3, representing a shift from 0.7 percent growth during Q2. Whole Foods is in a spot over two cases of Hepatitis in Detroit, while Western Growers plans to award startups at its upcoming AGM.
This is Bridges Ventures' second-ever food-related investment and the first targeting an environmental impact outcome.
The gene-editing powerhouse the merger between Bayer and Monsanto could produce has been less discussed in media and investment circles, but is a major part of the transaction, writes Emma Cowan.
Trimble has been slowly, but surely, building up an arsenal of agriculture technologies far beyond the GPS technology which put it on the industry's map.
John Deere's acquisition of Precision Planting from Monsanto has been called into question by US Anti-trust officials, while Caribou Biosciences expands and Virtrus Nutrition acquires Farmeron.
Investment into agriculture technology startups fell 20% year-over-year in the first half of 2016, as 307 funding deals collected $1.75 billion. At the same time, deal activity increased 7% and the number of unique investors increased 52% year-over-year.
This week's fundings-in-brief features over $40m of equity funding into food and ag-related startups.
We caught up with Rick Murdock, co-founder of Ag Connections, to find out more about the Syngenta acquisition, and the startup's journey to that point.
An Australian farmland fund joined a drone company, microbe manufacturer, consumer products, and food e-commerce startup to raise funding and highlighting the diversity of the ag investment space.
Satellite and sensing startup Planetary Resources raised the funding from a group of high-profile individuals and venture capital investors.
Is it possible that genetically modified crops are on the road to redemption in Europe? It looks like Bayer might think so after its recent offer to acquire Monsanto, writes Emma Cowan.
*Update: Strider has disclosed the participation of Qualcomm Ventures and the size of its $3 million Series B funding round. This article was originally published on May 5, 2016.
Agroptima and Agrosmart are the two non-US startups that raised funding, joining startups in the animal health, gene-editing, and food delivery subsectors.