Cargill bets on mycoprotein with investment in ENOUGH and signs offtake agreement
“My view of the market is that we had a bit of a hype cycle, but the underlying trends [driving alt protein] are there,” says ENOUGH CEO Jim Laird.
“My view of the market is that we had a bit of a hype cycle, but the underlying trends [driving alt protein] are there,” says ENOUGH CEO Jim Laird.
New funding will enable SeeTree to work with new crop types and expand into new territories around the world.
Growth stage startups attracted 28.1% of funding pumped into in Africa’s agrifoodtech ecosystem in 2022 vs 10.3% in 2018, according to AgFunder’s new Africa AgriFoodTech Investment Report, 2023.
Silo will use the Series C funding and new bank partnership to advance its workflow automation and fintech platform for the produce industry.
Oritain —a New Zealand-based firm using forensics to verify the origin of everything from cocoa to coffee—has raised a $57m series C round.
Agrifoodtech investment in France surged 39% to $1.3 billion in 2022 against the backdrop of a 46% decline in Europe and a 44% slump in global agrifoodtech funding over the same period.
DouxMatok, the Israeli firm behind patented technology that makes sugar taste sweeter, has rebranded as Incredo and raised $30 million in a series C round to expand its sugar reduction platform.
“We’ve got a groundswell of young people who are trained in molecular biology,” says SynBioBeta founder Dr John Cumbers: “They’re not scared of GMOs. But they are scared of the environmental impacts of climate change and the unsustainability of our consumer culture.”
Carbon Robotics will bring its LaserWeeder robot to new parts of North America and launch into international markets in the near future.
Innovators creating bio-based alternatives to synthetic, fossil fuel and animal-based products and materials are capturing investor attention.
The Covid-19 pandemic had a clear impact on brick & mortar restaurants and retailers, forcing them to innovate to stay afloat, so while globally there was a dip in investment during 2020, it soon picked up in 2021 as these stores adjusted to a new normal that forced many of them to digitize.
The top 10 climate tech deals in agrifood in 2022 were almost exclusively upstream startups in vertical farming, alternative proteins and ag biotech.
“Our work has always been at the intersection of climate tech and agri,” says Devendra Gupta, CEO of Ecozen.
Food delivery, cultivated meat, and bio-energy startups across Asia, North America and Oceana landed agrifoodtech’s top five deals of 2022.
Investment in farm technologies was particularly buoyant, increasing 185% year-on-year and accounting for 60% of the total number of deals closed.
Midstream Technologies was a leading category after scooping 60% of the total amount of agrifoodtech investments made in Africa in 2021
Vive Crop Protection, a Canadian developer of crop protection products, plans to hold a second close of the round later this year as other investors continue due diligence.
Enko will use the funding to advance its pipeline of crop protection chemistries that provide an alternative to outdate chemical-based products.
The US company’s forthcoming “mega Ranch” facility is expected to produce tens of millions of pounds of mushroom root meat analogues annually.
Moleaer will use its Series C funding to increase the availability of its proprietary nanobubble equipment and address water shortages.
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International Fresh Produce Association launches year 3 of its produce accelerator