AgFunder Partners

Merck Acquires Digital Livestock Tech Antelliq for $2.4bn in Biggest Agtech Acquisition on Record

US pharmaceutical company Merck has acquired digital livestock and animal health tech company Antelliq Group for €2.1 billion ($2.37 billion).

Antelliq manufactures sensors for animals, including ear tags for dairy cows through a product called Allflex that can monitor cows’ activity and provide traceability.

Canadian Automated Vertical Farm Systems Developer Inno-3B Raises C$6m Seed Funding

Canadian vertical farming systems developer Inno-3B has completed its first seed round of financing at nearly C$6 million ($4.45m).

Located in Quebec and Ontario, the company provides turnkey vertical farming systems for a variety of customers, from researchers, biotechnologists, and small-scale farmers, to regional and multinational producers.

PepsiCo Selects 10 Startups for First North American Food Tech Accelerator

PepsiCo Ventures has launched the North American version of its startup accelerator called Nutrition Greenhouse, a year after its inaugural European program.

The CVC has been focused on finding emerging brands that offer premium yet functional products with benefits that consumers can easily understand and feel – two things the investment arm has identified as markers of long-term success.

Food, Agriculture, Technology and Investment