
Brief: Gates Foundation leads $707m investment in Dutch e-grocer Picnic
Picnic dispatches groceries from strategically located, automated hubs to its customers’ doorsteps using electric minivans.
Picnic dispatches groceries from strategically located, automated hubs to its customers’ doorsteps using electric minivans.
Provivi will use the funds to sell its pheremone-based pest control products to smallholder farmers in Kenya, Bangladesh, and India at cost.
The Woburn, Mass.-based startup uses pharmaceutical discovery techniques to advance promising modes of action for fighting crop pests.
This is the first equity investment by the Gates Foundation in India, highlighting the importance of modernizing India’s dairy sector, according to Mark Kahn, partner of Omnivore.
Boragen’s technology, which is licensed from Penn State University, is initially focusing on next generation, synthetic fungicides using a technology with a novel mode of action.
The Bill & Melinda Gates Foundation has awarded a three-year, $6.1 million grant to the Donald Danforth Plant Science Center to expand and accelerate the development and deployment of improved varieties of sorghum for smallholder farmers.
We caught up with Christian Witt from the Bill & Melinda Gates Foundation ahead of his speaking slot at the Rothamsted Open Innovation Forum in the UK.
AgBiome has received another grant from the Gates Foundation while a European accelerator plans to spend $1.26m on agri-food startups and Alphabet is planning to use drones to deliver food.
Agricultural development is one of the biggest initiatives for the foundation. Here Vipula Shukla, senior program officer for agriculture, speak about the foundation’s approach to agtech investing.
The biological crop protection startup is the first agtech equity investment by the Bill & Melinda Gates Foundation, which will look at all technologies that can play a role in increasing productivity for smallholder farmers, a spokesperson told AgFunderNews.
Gates isn’t the only one to have recognized that farmland investments can lead to solid returns.
The Microsoft co-founder commented on the acquisitions for the first time since he and wife Melinda were revealed as the top private farmland owners in the US earlier this year.
Promoting his new book on climate change technologies, the Microsoft co-founder said plant-based protein makers Beyond Meat and Impossible Foods are “totally competitive.”
Research released last month indicates that Microsoft founder Bill Gates and his wife Melinda own the largest share of farmland in the US.
The Gates’ have also invested in numerous agrifoodtech startups, either through their private foundation or via other investment vehicles.
“I’m a firm believer that you need to address the entire value chain,” says Usman Javaid, CEO of Ricult.
Bill Gates invests $40 million in livestock health research through a Scottish non-profit, Kroger wants to challenge Amazon with the help of Alibaba, and more in our weekly brief.
Elsewhere, the Gates Foundation and Qatar’s development fund pledged $200 million to help African smallholders with climate change adaptation.
Founded in 2012 with a grant from the Bill & Melinda Gates Foundation, the Santa Barbara-based startup uses a plant-derived solution to add an extra ‘peel’ to the surface of fruits and vegetables.
The sweet potato weevil is a very difficult pest to control and it is a serious pest in Africa. So the Bill and Melinda Gates Foundation asked AgBiome if they’d be willing to work on it. They’re now entering phase 2.
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