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.
This week’s news includes an at-the-market offering from Farmland Partners, two food e-commerce fundings, a drone funding and drone acquisition, Tate & Lyle’s recent exit from food safety tech developer Lumora Ltd., and some exciting new about China’s decision to open it’s borders to U.S.
Australia's pension industry has been highly criticized for not supporting the country's agriculture sector making last week's A$150 million almond farmland acquisition by First State Super a coup for the industry.
Read about Aqua Capital investing in Brazilian tilapia, precision ag tool Farmers Edge adding to investor roster and a UK-based fund of funds manager launching an agriculture investment product in this week's Fundings in Brief.
Californian startup TerViva has built a business based on growing Pongamia, a tree crop that can be used as an alternative to soybean in animal feed and vegetable oil, on abandoned farmland in Florida and Hawaii.