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Image credit: eFishery

The Week in AgriFoodTech: eFishery snaps up $30m, impact VC Pollination launches $150m fund

June 6, 2024

This week, aquaculture supply chain startup eFishery announced a new $30 million loan from HSBC Indonesia to expand its platform to more smallholder fish and shrimp farmers. Impact investor Pollination unveiled a new climate-focused fund, and Takeoff Technologies, known for its micro-fulfillment platform for eGrocery, filed for Chapter 11 bankruptcy.

Image credit: eFishery

Foodtech funding

🇺🇸 Optogenetics startup Prolific Machines raises $55m series B1, uses light to ‘control virtually any cell function in any cell type’ AgFunderNews

🇩🇪 German IoT startup Packwise secures funds to scale its industrial tech to North America

Agtech & climate tech funding

🇮🇩 eFishery gets US$30M loan from HSBC Indonesia e27

🇨🇦 Trio of MME alumni secure $3.5 million in funding for ag-tech startup University of Waterloo

🇬🇧 Aeropowder secures £150K investment for feather-based thermal packaging

🇺🇸 HerdDogg Inc. Successfully Closes Venture Equity Fundraise, Fueling Growth and Innovation PR Newswire

🇸🇪 Nordluft takes in new capital from Södra Ädla and EIT InnoEnergy for precision spreading in forestry Inno Energy

Image credit: Phospholutions

M&A, IPOs & partnerships

🇺🇸 Phospholutions Partners With WeGrow AG to Launch RhizoSorb Technology Across Central and South America Crop Life

🇨🇦 Protein Industries Canada and Partners Invest $6.2M to Expand Lupin Industry in Canada Vegconomist

🇺🇸 Believer Meats Partners with Bezos Earth Fund and North Carolina State University on Bezos Center for Sustainable Protein Business Wire

Funds, grants & accelerators

🇦🇺 Queensland backs impact VC Pollination’s $150 million fund for climate solution startups Startup Daily

🇧🇷 Brazilian accelerator Darwin Startups announces $20M fund Latam List

🇮🇪 Hatch Blue secures $10 million to invest in next round of startups The Fish Site

People moves

🇺🇸 CNH head of ag steps down following CEO shakeup Agriculture Dive

🇮🇱 BetterSeeds welcomes former Bayer executive as chairman Agtech Navigator

A strawberry-picking robot. Image credit: Oishii

Other news

🇺🇸 Exclusive: Ag insights platform Gro Intelligence is closing down AgFunderNews

🇺🇸 Biomanufacturing game-changer? Enduro Genetics unveils elegant solution to declining cell productivity AgFunderNews

🇺🇸 Takeoff Technologies files for Chapter 11 Grocery Dive

🇺🇸 [Pairwise] Seedless blackberry developed through gene editing The Grower

🇺🇸 Vertical farming company Oishii opens solar-powered facility to grow ’20x’ more strawberries to meet market demand AgFunderNews

🇸🇪 H&M Warns Against Use of Carbon Offsets in SBTi’s Climate Target Standard ESG Today

🇮🇱 Brevel unveils commercial algae protein plant with focus on alt-dairy: ‘Our protein is superior to soy and pea… AgFunderNews

🇨🇭 Syngenta opens rights to genome-editing and breeding technologies to boost agricultural innovation Business Wire

🇺🇸 ABEC accuses GOOD Meat/Eat Just of ‘gamesmanship’ and ‘bad faith’ arguments; says it is still owed $63m AgFunderNews

🇬🇧 Getir lost £168m before UK exit, 2022 accounts show UKTN

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