Brief: Cox Enterprises acquires indoor ag startup BrightFarms
The US startup said it plans to build a “national network of new high-tech farms that will accelerate the salad industry’s transition to indoor farming.”
The US startup said it plans to build a “national network of new high-tech farms that will accelerate the salad industry’s transition to indoor farming.”
Kalera will instantly expand its global presence by acquiring &ever, which operates vertical farms across Europe, Southeast Asia, and the Middle East.
The ag biotech company, which uses the RNA tech made famous by Covid-19 vaccines, will list on the Nasdaq – eventually providing an exit for investors including AgFunder, S2G Ventures, and Continental Grain Company.
This marks the third acquisition for CropX since the start of 2020 as it aims to offer the most comprehensive suite of tech services to farmers.
CropWalk CEO Charlie McKenzie said that his company’s clients “want us around more often; with iUNU, we can be there all the time.”
The deal “sets an example for a novel way of building and growing a company as part of the accelerating [alt-protein] industry,” said Shiok Meats CEO Sandhya Sriram.
“When we invested, what I loved about Bear Flag was that they were solving the right problem,” writes AgFunder partner Rob Leclerc about his firm’s exit from the ag automation startup.
This is Deere’s second major automation acquisition in the past four years.
Zomato, which competes for the mantle of India’s top food delivery app with rival Swiggy, is reportedly valued at $12.2 billion post-IPO.
Conservis provided an exit to its investors 12-years after its founding and the “odd” deal showcases a key way forward for digital adoption on the farm.
It could file its prospectus – seeking to raise a reported $10 billion at a $60 billion valuation – as soon as next week.
Eat Just raised $200 million in private funding back in March, with its GOOD Meat cell-culturing unit separately scoring $170 million in May.
The tech-enabled ‘grab n’ go’ restaurant was valued at $1.5 billion at the time of its last publicly announced funding round in September 2019.
Data can now flow back and forth between FarmLogs’ farm-level view of an operation, and Bushel’s post-farm gate appreciation of the supply chain.
Both companies source fresh produce from farmers and agribusinesses and deliver it to consumers, who can order groceries through a mobile app.
It started out as a last-mile food delivery app in 2011 before branching out to become a ‘full stack’ logistics and fulfillment platform.
Oatly appears to fit squarely into an ESG portfolio for public market investors, especially in comparison to many companies being touted as ESG bets.
The startup claims to be the first to receive approval from the US Federal Aviation Authority for drone flights beyond the visual line of sight.
Gojek edges Singapore-based rival Grab – which is in the midst of its own $40 billion SPAC merger – as Indonesia’s most popular food delivery app.
With Prospera on board, Valmont now claims to be the world’s largest, vertically integrated artificial intelligence company in agriculture.
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International Fresh Produce Association launches year 3 of its produce accelerator