Data snapshot: Kenya, Nigeria and Egypt lead the way for agrifoodtech investment in Africa
Kenya, Nigeria and Egypt cumulatively raised 86% of all funding in 2022 for African agrifoodtech startups.
Kenya, Nigeria and Egypt cumulatively raised 86% of all funding in 2022 for African agrifoodtech startups.
African agrifoodtech investment declined 77% year on year in the first half of 2023 as global macroeconomic trends curtailed growth.
CPG giant Campbell made a new acquisition, as did irrigation management company Lindsay, and a new cultivated meat facility is ready for production in China.
Biotech startup Allonnia raises $30 million, Nestlé says it’s “moving away” from carbon offsets.
Omnivore has announced the first close of its third fund, with $150m to pump into India startups aiming to make farming more profitable, resilient, and sustainable.
Researchers recently demonstrated that epigenome editing can reduce blight symptoms in cassava plants without impacting plant growth or yield.
An eGrocer bagged new capital, Uber and Nuro struck a major deal, and one company legally served foie gras in California.
Enko will use the funding to advance its pipeline of crop protection chemistries that provide an alternative to outdate chemical-based products.
Climate-impactful categories were left behind in agrifoodtech investment in Europe in 2021 with over 40% of the total going to the eGrocery category, reveals a new report from AgFunder, F&A Next and Invest-NL.
UAE restaurant platform Foodics is expanding overseas, while Saudi Arabia-based Red Sea Farms will take its indoor farming tech global.
The Center launched the Danforth Technology Company to commercialize its research and technology and launch new agtech startups from its own campus.
The top three deals of 2021 involved companies from China, India, and the US – and were focused on grocery, food retail, and logistics.
It’s the norm for journalists to be skeptical of corporate partnering announcements. But am I reading too much into this one?
The Shanghai-based firm has also signed Adisseo, Temasek, and UAE government-linked investor ADQ as LPs for its new China-focused fund.
The US alone pledged $10 billion to transform global food production and consumption over the next five years. But is it enough?
Regenerative ag topped the headlines over the past seven days as agrifood colossi Cargill, Heineken & Nestlé each announced new initiatives.
The Raleigh, North Carolina-based startup captures and screens microbes found in the natural world to identify apt candidates for pest control and crop protection.
Snack maker Stryve is set for a SPAC merger, while Israel’s Future Meat has unveiled what it says is the “world’s first industrial cultured meat facility.”
AgBiome is using its intricate understanding of the plant-related microbiome to develop biological solutions to infections, insects, and nematodes.
The Netherlands-based startup is culturing meat in the lab using a technique that can change pluripotent stem cells from a newborn animal into any desired cell type.
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International Fresh Produce Association launches year 3 of its produce accelerator