With the largest population in the world and as one of the largest agricultural economies in the world, China represents a major opportunity for startups and investors alike.
Chinese agrifood startups raised $5.8 billion of investment across 283 deals with 318 participating investors during 2018, according to the 2018 China AgriFood Startup Investing Report released by AgFunder in collaboration with Chinese food tech VC Bits x Bites.
Beyond Meat lists on the Nasdaq today after raising $240m in IPO funding at a valuation of $1.46bn, pricing the deal at the top of an increased price range, highlighting strong investor demand for the stock.
Internet of Things America wants to provide rural connectivity to farmers in an ongoing issue and a major barrier to adoption for farmers who want to try agtech but who don’t have reliable internet access.
At last year’s F&A Next conference, Adam Anders, managing partner at Anterra Capital, talked to legendary entrepreneur and principal at Future Shape, Tony Fadell about why investors are being drawn to the sector, and why we need to unseat the giants of the agricultural industry to empower innovation to flourish.
For the F&A Next conference at Wageningen University next month, Anterra has selected seven food tech companies to pitch their novel technologies including logistics, gut microbiome testing, flavor analysis, novel milk proteins, and plant-based health products.
While the final size of the Series B has yet to be disclosed -- there are still some more potential investors coming into the round, according to CEO Arturo Elizondo -- sources close to the deal say it was raising $40 million.
Ninjacart, an Indian agritech startup that connects farmers to retailers, has raised Rs625 Cr ($89.5m) from New York-based hedge fund Tiger Global, taking its valuation to $320 million, according to the Economic Times.
It has taken the team of scientists at Ceradis more than a decade to develop a line of earth-friendly agriculture products. Now, with several on the market, the Dutch company has raised €9 million ($10 million) to commercialize a new biofungicide that prevents crop disease.
Cultivian Sandbox Ventures, the most established agrifood tech venture capital firm, has raised $135 million in its third fund. Founded in 2008, the firm was the first to focus entirely on technology startups operating across the food and agriculture value chain.
QualiTrace, a young Ghanaian startup providing a track & trace solution for agrochemical manufacturers and farmers, is trying to fight this battle that stems from the lack of proper government regulation on imports of agrochemicals.
Many Kenyan farms struggle for access to quality farming products like vaccines, fertilizers or diagnostic equipment; the farmers also find it hard to attain or acquire sound veterinary or technical expertise, according to Sidai.