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.
According to the report, some $85 million worth of farmland in its first fund — Vital Farmland LP — generated a financial return of 67%, but also $21.4 million in ecosystem service value, which accrues to the surrounding communities and environment.
After just completing the Y Combinator accelerator program, North Carolina-based satellite imagery startup FarmShots has closed a seed round after attracting local angel investors. Founder Josh Miller said that keeping the investor base local avoided any potential investor demands to move the company to the expensive West Coast.
Public and philanthropic investors provide the bulk of funding for initiative trying to reverse or prevent land degradation globally, but there's a role for private investors too, argues Renee Cheung, founder of Bonterra Partners.
Three industry mergers & acquisitions top this week's Industry-in-Brief as the debate over GM salmon and food labeling continues, and a Saudi Arabian dairy company's purchase of alfalfa land in California causes concern.
Welcome to AgFunderNews’ weekly roundup of funding and industry news from across the globe. This week, the increasing pension fund interest in farmland as an investment was further confirmed with a new $100 million commitment, while a private equity-backed Indian dairy company added to its recent IPO fundraising effort, and a couple of wine technology fundings were sure to have enthusiasts raising their glasses.