Though the price of the acquisition was not disclosed, DTN SVP Ed Mattix offered that DTN is a conservative buyer looking to directly profit off of its acquisitions and that there would likely be more to come.
At the closing investor discussion at the World Agri-Tech Innovation Summit in San Francisco on March 21, three agrifood investors concluded that though the exits of 2017 were good to see, they weren’t necessarily as replicable as many may hope.
One agrifood tech VC vet heads from Monsanto Growth Ventures to Temasek while indoor growers get together to develop industry safety standards, plus agtech M&A in this week’s brief.
Strider was in discussions with Syngenta Ventures about their next funding round, which would have been a Series B, when CEO Luis Tangari Pereira said that it became clear that an acquisition would be the best outcome for both parties.Â
We caught up with Dan Burdett, global head of digital agriculture at Syngenta, to find out why the company decided to acquire FarmShots rather than partnering with the four-year-old startup and what other technologies Syngenta is eyeing in 2018.Â
A major insect farm purchases a CPG startup, Kraft Heinz gets in the startup incubation game and more in this week’s brief.
2017 was a year of extremes in agrifood tech investing. Large deals pushed the total investment volume up to post an encouraging 29% growth, but deal count fell by 17% to 949, with the most dramatic contraction at the crucial seed stage.
North Carolina-based satellite data analytics startup FarmShots has been acquired by Syngenta for an undisclosed amount plus more in our weekly brief.
Both Walmart and Nestle are getting into new technologies while Florida citrus growers get some relief and the cannabis industry gets some M&A, plus more in our weekly brief.
Indoor farm Plenty makes plans in China while startups merge and launch new products in this week’s brief.
President Trump and the Supreme Court weigh in on agriculture issues while startups launch new products in this week’s brief.
No longer distracted by consolidation large strategic players will have more time, and money, to pursue exits in 2018, according to some industry insiders.
Plant-based protein startups using technology to create and mass produce their products have traditionally received support from a small but dedicated group of investors, which is increasingly being joined by major food and agriculture players as this trend solidifies.
J.D. Vance, author of “Hillbilly Elegy” and former Peter Thiel employee, will lead the $150 million Rise of the Rest fund aimed at startups in cities outside California, Massachusetts, and New York, plus more in our weekly brief.
Blue Apron and Chipotle are getting new CEOs after a tumultuous year for both companies, plus more in our weekly news brief.
Multinational chemical company Yara International has acquired Agronomic Technology Corp, an agricultural field modeling company for soil, water, crops, and fertilizer, for an undisclosed sum.
The Canadian Food Inspection Agency claims that the Soylent meal replacement drink does not fulfill the nutritional requirements of a meal.
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.
