How Sustainable Is Agritech Investment?
There’s no doubt that agriculture technology, as a sector of innovation, is having a moment. But how will agritech investment play out over the long term?
There’s no doubt that agriculture technology, as a sector of innovation, is having a moment. But how will agritech investment play out over the long term?
We thought that might get your attention! No, it’s not quite what you think. But it’s close. HarvestPort is matchmaking farmers to farm equipment that they don’t own and they don’t want to buy.
Investment into agriculture technology startups fell 20% year-over-year in the first half of 2016, as 307 funding deals collected $1.75 billion. At the same time, deal activity increased 7% and the number of unique investors increased 52% year-over-year.
A bumper edition of fundings-in-brief includes bioinsecticides, precision ag, cannabis, lots of food e-commerce, and biotech.
Israeli Computer Vision Startup Prospera Closes $7m Series A Prospera, an Israeli startup using computer vision, data science, and machine learning to monitor and analyze
Prospera, a startup using computer vision, data science, and machine learning to monitor and analyze crops, has raised $7 million in a Series A funding round led by a leading Israeli VC.
Cultivation Capital Leads $1.2m Round in Data Analytics Startup S4, New Wave Foods Closes Seed Round for Seafood Alternative, and Innit Raises $18m for Connected Food Platform in this week’s Fundings-in-Brief.
Dairy-free milk maker Ripple Foods raised its Series B funding round from a who’s who in venture capital, while a microbiome testing company Trace Genomics raised $4m.
ProducePay, Leaf Space, KisanHub, Agrivi, Holachef, and Chefmarket contributed to this week’s fundings-in-brief.
Agrivi’s $1m Series A follows two recent agtech funding rounds that also attracted investment from large institutional investors in as many weeks.
Offering both a hardware and software product, Ancera aims to help food companies test products for contaminants such as salmonella.
This week’s fundings-in-brief features over $40m of equity funding into food and ag-related startups.
Engender Technologies, a company that has developed a laser-based method for sexing livestock sperm, last week raised a $4.5 million.
An Australian farmland fund joined a drone company, microbe manufacturer, consumer products, and food e-commerce startup to raise funding and highlighting the diversity of the ag investment space.
The startup combines natural ingredients and patented biochemistry with traditional cheese- and dairy-making techniques to create dairy alternatives.
Over $60m of agtech fundings this week include Engender Technologies, Inocucor, WiseRG, Planetary Resources, MastiLine, Chef’d and Kazzit.
Satellite and sensing startup Planetary Resources raised the funding from a group of high-profile individuals and venture capital investors.
MastiLine, a Dutch startup, develops and manufactures an automated monitoring system to detect the early signs of mastitis, an infection that impacts milk production for many farmers.
*Update: Strider has disclosed the participation of Qualcomm Ventures and the size of its $3 million Series B funding round. This article was originally published on May 5, 2016.
Swiss drone imagery company Gamaya has raised SFr 3.2 million ($3.2 million) in Series A funding to develop its hyperspectral imaging sensor and analytics software platform.