VC Q&A: Why India’s rural development bank invested in an online butcher’s $15m fundraise
TenderCuts is the first consumer-focused investment by the VC arm of state-owned agricultural bank NABARD, the fund’s CEO Rajesh Ranjan tells AFN.
TenderCuts is the first consumer-focused investment by the VC arm of state-owned agricultural bank NABARD, the fund’s CEO Rajesh Ranjan tells AFN.
It’s a big week for LatAm’s agrifoodtech fund, SP Ventures. The fund will close on around $50 million to $75 million, surpassing the $30 million goal it initially set.
The Singapore government unveiled the fund, aimed at encouraging local agtech adoption, as part of its 2021 national budget and 10-year sustainability plan.
The Swiss biotech startup offers a rapid test that provides ISO-certified results in minutes and is “as simple as making an espresso” for its customers.
It’s one of the first agrifoodtech exits of 2021.
The Beijing-based startup will use the funding to accelerate its global expansion, partnering with other agrifood businesses in Creadev’s portfolio.
The Indian company will use the Series C funding to expand its global presence and provide its AI-driven agronomy and financing solutions to more customers.
As Fulcrum Global Capital activated its investment theses about ag’s future, the very foundations of the ag industry began shifting in response to Covid-19.
The Brazilian firm’s AgVentures II fund now exceeds $25 million, with animal nutrition company Adisseo and US miner Mosaic leading the latest raise.
The Singapore sovereign fund’s acquisition of a majority stake in the Israeli company is just the latest sign of its increasingly hard focus on agrifoodtech.
Iowan corn growers are backing startups, entrepreneurs, and funds to help ensure their industry keeps ahead of the ag innovation curve.
The e-grocer – which was China’s top-funded agrifood startup in 2019 – raised $495 million for its Series F round earlier this year.
International Finance Corporation led the round, with Citrosuco – the world’s largest producer of orange juice – and ag machinery giant Kubota joining in.
Abu Dhabi has been looking at ways to produce more of its food closer to home in light of the pandemic, geopolitical flux, and advances in agtech.
Trade, logistics, and supply chain management are among the other areas to be targeted by the new government-backed initiative.
Patrick Morris, CEO of the Vancouver-based foodtech fund, tells AFN why it decided to go down the IPO route – and what it has planned for the future.
“In industries like aerospace and manufacturing, Singapore provides vital components for other countries. There’s no reason we can’t do the same for alt-proteins.”
The UK-based startup aggregates data from cropfields, on-farm sensors, stores, shipments, and satellites to drive efficiency across the entire agrifood supply chain.
OurCrowd is teaming up with agtech accelerator Sprout to take a little of the ‘Startup Nation’ magic down under.
Unfold launched in August with $30m in funding from Bayer and Temasek. John Purcell, CEO and Bayer’s former vegetable R&D chief, has had a busy few months.
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International Fresh Produce Association launches year 3 of its produce accelerator