AgFunder Network Partners

Category: Investment News

SavorEat gets funding for 3D printer that builds and broils plant-based patties

July 29, 2020

Is there a case to be made for distributed, hyper-local food processing models? SavorEat CEO Racheli Vizman thinks so.

Backyard black soldier flies: Grubbly grabs up $2.9m seed round led by Overline

July 29, 2020

Will this new chicken run spur a similar craze for backyard Black Soldier Flies — a tasty and nutritious snack for these trusty lockdown companions?

Better Meat Co gets $8.1m to ‘enhance’ animal products with its plant-based protein

July 28, 2020

It offers a white-label solution to food manufacturers who want to make their meat go further with healthier, more sustainable plant-based protein.

Has the UK’s latest $31m agrifoodtech shellout gone anywhere useful?

July 27, 2020

UK Research & Innovation, the UK government’s tech grant body, has upped the amount handed out for its latest food production challenge. But grant success isn’t just about money.

Bollywood stars show that agrifoodtech investing isn’t just for US celebs

July 27, 2020

Indian actors Genelia and Riteish Deshmukh launched Imagine Meats with Good Food Institute and Archer Daniels Midland support, marking the latest celebrity foray into agrifoodtech in recent months.

EXCLUSIVE: Campbell’s Soup sells Acre VP agrifoodtech fund to StepStone

July 23, 2020

StepStone paid roughly $40m for the portfolio which includes FBN, plus a bit extra for follow-on investments in Fund I companies, according to calculations based off Campbell’s regulatory filings.

Taranis banks $30m Series C with tech giants Hitachi, Micron among new investors

July 21, 2020

The round’s large close amid Covid-19 further cements Taranis’ reputation as a dogged drone survivor in one of the most scrutinized areas of agtech.

Farmers Business Network expands to Australia with Farmsave acquisition

July 21, 2020

In Farmsave, FBN “saw a company that was deeply aligned with the same values [that] understands the role tech is going to play in the future of ag,” co-founder Charles Baron told AFN.

5 ASEAN startups tackling the messy middle of the agrifood value chain

July 17, 2020

While the bulk of funding went to downstream categories in 2019, startups in the middle of the agrifood value chain are attracting more and more interest.

Nigeria’s TradeDepot raises $10 million in pre-Series B funding

July 17, 2020

The Lagos-based startup seeks to bring some formality to Africa’s extensive, informal agrifood supply chain, by providing stakeholders with digital tools and mentoring.

EXCLUSIVE: Sericulture startup Mori raises $12m Series A to preserve food with silk

July 16, 2020

Mori, a savvy sericulture startup spinning out of MIT and Tufts, has a plan to reduce food waste by effectively marinating sausages, strawberries or steaks with an imperceptible and edible micro-layer of silk-based proteins.

Covid-19 pivot locks in $4m for Italian delivery platform Soplaya

July 16, 2020

Few startups can say they’ve had an easy time fundraising this year. But Soplaya says the round it just closed was fast and painless, all things considered.

With $4.5bn Google infusion, India’s Jio has raised $20bn in 3 months. Here’s the timeline

July 16, 2020

Backed by the likes of Facebook, Intel, and now Google, Reliance Industries’ Jio Platforms is an Indian agrifoodtech giant in the making.

Oprah, Jay-Z becoming keen foodtech funders after joining Blackstone for $200m Oatly round

July 15, 2020

Oatly’s new celebrity backers are becoming seasoned agrifood investors, with the Swedish alt-milk maker just the latest bet they’ve made in the space.

Farm-to-fork models, new retail drove $165m agrifoodtech funding in Indonesia last year

July 14, 2020

Infrastructure, crop cultivation, and logistics and distribution are set to be the leading areas for funding in the years ahead, says East Ventures partner Melisa Irene.

Google unveils $10bn India tech fund for sectors including agriculture, small businesses

July 13, 2020

The Google for India Digitization Fund will invest in equity fundings, partnerships, and infrastructure in ag, health, and education, among other areas.

Canada’s largest pension fund makes alt-dairy bet in Perfect Day’s $300m Series C

July 8, 2020

Perfect Day, a Californian startup using plants and fermentation techniques to manufacture animal-free dairy products, has expanded its Series C round to $300 million. Hawk

Cox and Bunge back Growers Edge in $40m Series B round

July 8, 2020

The media conglomerate and agribusiness giant have joined S2G Ventures and Skyline Global Partners to fund the Iowa startup, which offers a data-backed warranty service for farmers.