Brief: Wolt raises $530m to grow on-demand delivery ‘beyond the restaurant’
Like many of its peers, the Finnish food delivery app has diversified into groceries and other goods during the Covid-19 pandemic.
Like many of its peers, the Finnish food delivery app has diversified into groceries and other goods during the Covid-19 pandemic.
It’s one of the first agrifoodtech exits of 2021.
The Toronto-based company has pivoted from drones as a core business to offering multi-layer analytics as farmers seek the most bang for their data bucks.
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.
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.
“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 Guangzhou-based startup offers UAVs for fertilizer and pesticide application, remote sensing, and seeding – and has also branched out into ground-based robots, cameras, and sensors.
The Dutch startup has created a fungi-based alternative protein called Fermotein which is pending regulatory approval in the EU and the US.
“There’s an abundance of need for what they do,” Prince Khaled, Saudi royal and new investor in the Oakland-based startup, told AFN.
The Emeryville, California startup has been developing biological analytics of soil DNA data to offer farmers crop protection insights and forecasts.
Bovine mastitis is a major financial and welfare problem for dairy farmers, but standard antibiotic treatments are increasingly controversial.
Dutch startup Mosa Meat is expecting a second close of its Series B round in “the next few months” following a $55 million first tranche.
Istanbul-based Tarfin offers access to extended payments for smallholder farmers, and creates pools of receivables for institutional investors as asset-backed securities.
The round was led by The Rise Fund – a unit of US private equity giant TPG Capital – and Swire Pacific, an arm of Hong Kong trading house Swire.
The Danish startup runs what it calls “the smallest chewing gum factory in the world” – but with the new funding, that factory is set to get a little bigger.
BlackRock recently relaunched its BGF World Agriculture vehicle as the more broadly themed, sustainability-focused BGF Nutrition Fund.
The Canadian startup provides solar-powered, self-cleaning sensors that can keep track of livestock feed levels in real time.
Colorado-based Bond Pet Foods just secured bridge financing to take its total funding to date to $2 million.
Despite its disastrous impact elsewhere, Covid-19 may have improved the investment outlook for farm robots, according to Saga Robotics’ latest backers.
It may be smaller than previous rounds; but with another big-name backer on board and demand rising, the plant-based protein maker still has plenty to be happy about.
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International Fresh Produce Association launches year 3 of its produce accelerator