Cauldron awarded $2.8m to advance continuous fermentation tech, appoints CTO
“We’re talking about building smaller, smarter facilities with a lot less capital,” says cofounder and CEO Michele Stansfield.
“We’re talking about building smaller, smarter facilities with a lot less capital,” says cofounder and CEO Michele Stansfield.
Mercy Corps Ventures has partnered with Stable Foods to launch a new pilot that will test IoT-based irrigation systems for smallholder farms.
The successful close comes after months of upheaval for the venture capital industry globally that’s seen many startups and VC firms struggle amid the downturn.
Eric and Wendy Schmidt’s nonprofit just announced $47.3 million in funding for five US-based teams converting biomass into useful products.
Plus… Nestlé enters ‘blended meat’ space, Ahimsa acquires Good Catch alt-seafood production facility from Gathered Foods, and study probes ‘unexplored’ subsoil.
“We have the financial model, investors, and playbook to scale rapidly,” says the Sweden-based company.
Across its portfolio, SLM has also sequestered 100,000 tons of CO2e in soil and vegetation between 2016 and 2023.
Agrifoodtech investor PeakBridge has closed its Growth Fund II at $187m in partnership with Edmond de Rothschild Private Equity, bringing its total AUM (assets under management) to more than $250m.
Funding into Australian agrifoodtech startups fell 33% last year according to AgFunder data… But it could have been worse: global agrifoodtech funding fell 49% over the same period.
The Lithuania-based firm recently unveiled a €50 million fund backed by the European Investment Fund.
The ADM regenerative ag program has signed up more than 2 million acres in the US and aims for for north of 4 million by 2025.
Funding winter notwithstanding, “If you’re doing something different and really innovative, you will make money,” says Vinod Khosla.
Early commitments to the fund include The Rockefeller Foundation, Builders Vision, and the Schmidt Family Foundation.
Berkeley-based Orbillion reckons it can achieve economic production for cell-cultured Wagyu beef “at around 2,000 liters in scale,” says cofounder and CEO Dr. Patricia Bubner.
“Through a strategic restructuring we parted ways with some former team members,” says the Ohio-based firm.
There’s no way to sugarcoat this: investment in agrifoodtech startups is at its lowest point in six years. But considering the contribution of the agrifood sector to the global economy and livelihoods, has the correction gone too far?
Shiok Meats, which had raised more than $30m since 2018, couldn’t see a clear path forward under its own steam.
Ditch the cell, and use its internal machinery to produce proteins, and you can slash the cost and increase the speed of protein synthesis, says Tierra Biosciences.
According to USDA, as of Dec 31, 2022, foreign interests held 3.4% of all privately held agricultural land in the US, the ‘proverbial pimple on a whale,’ writes Ben Palen.
Umaro Foods’ seaweed-fueled bacon will make its retail debut on the west coast with a leading food retailer.
Sponsored
Sponsored post: The innovator’s dilemma: why agbioscience innovation must focus on the farmer first