FluroSat, an Australian remote sensing, and crop health software startup, has acquired ProductionWise, the digital agriculture platform of GrainGrowers, Australia’s leading grain farmer membership group.
ProductionWise, a subscription precision agriculture software service, was developed by GrainGrowers for over 10 years in consultation with its members.
On our mission to democratize venture capital and increase investment in the food and agriculture industry, our fund is open to accredited investors as well as institutional investors, and we already have commitments from both.
4Front Holdings, a cannabis investor-turned-multi-state operator engaging in the cultivation, distribution, and retail of cannabis, has closed a $31m venture round. This brings its total funding to over $50 million.
The first wave of European food tech companies has mostly focused on building technology and logistics platforms to deliver food to consumers. And while the plethora of new food e-commerce options across the globe has caused investor fatigue and failures, the five leading food delivery companies in Europe are now worth seven times more than their combined investment, an awesome feat, according to Niccolo Manzoni, partner of agrifood tech investment firm Five Seasons Ventures.
Clear Labs, a Californian startup using next-generation sequencing (NGS) to test food for dangerous pathogens like Salmonella, has raised $21 million in an extension to its Series B round.
The advent of NGS, most notably developed by Illumina for cancer genomics and newborn screening, brought down the cost of genetic screening in the healthcare industry, as well as the time tests took, and now the same is happening for food.
For Provenir CEO and farmer Chris Balazs, bringing an Uber-like service for meat processing to the Australian beef industry would solve many different pain points across the supply chain. It’s also something that’s near and dear to his own struggles.
The startup, which has focused on the cosmetics industry for its first product line is set to develop products for the nutraceutical, food and beverage industries too, such as gelatin, a form of collagen often found in sweets.
Maersk has received 850 pitch decks so far this year, according to Peter Jorgensen who says the company’s investment initiative gives it the chance to make a positive difference as a large corporate, not just a provider of funds.
Since raising the first round of Series A funding, SafeTraces gained particular traction in tracing tropical oils to determine the sustainability of the sourcing practices, and also tracing ammonium nitrate fertilizers that can be used in explosives.
Agribusiness marketplaces are a hot trend in agrifood tech at the moment as entrepreneurs look to create more options for farmers than existing distribution channels to give them more flexibility and hopefully more money in their pockets.
Founded in June 2016, Wasteless has developed a proprietary dynamic pricing algorithm for products with a limited expiration date, allowing retailers to create and display discount prices across the demand curve.
“Pivot Bio is addressing one of the largest sources of GHGs on the planet – the potent nitrous oxide and carbon dioxide emissions associated with the use of synthetic fertilizers,” said Carmichael Roberts of Breakthrough Energy Ventures.