US hospitality software provider Flipdish raised $100 million in a Tencent-led round, while UK indoor farming startup Vertical Future scored $29 million.
The Dutch VC invested in the 25-year-old tilapia farming company to curb Africa’s reliance on food imports and address skyrocketing protein needs.
The Food Security Fund will be used to finance 250,000 hectares of commercial and smallholder farmland in Nigeria for climate-smart production.
Remilk was one of a bevvy of agrifoodtech startups to close funding rounds above or around the $100 million mark this week.
The biological inputs market is predicted to grow at a CAGR of 11.9% over the next five years, compared to chemicals’ 3.7%, according to recent market research.
Elsewhere, soil-sensing company Stenon raised $20 million and John Deere showed off its first commercially available autonomous tractor.
Here’s wishing all of our readers, sponsors, and supporters a very happy 2022!
It was another busy year for AFN’s external contributors. Here are our 20 most-read guest posts, by unique pageviews, over the past 12 months.
The top three deals of 2021 involved companies from China, India, and the US – and were focused on grocery, food retail, and logistics.
Global cropland has expanded 9% over the past 20 years, with Africa and South America seeing the greatest gains – and half coming at the expense of “natural vegetation and tree cover.”
E-grocery exploded during the Covid-19 pandemic. In Nigeria, Grocedy’s focus is on helping consumers save on rising food costs rather than shopping convenience.
OKO Finance offers crop insurance to smallholder farmers in Mali – one of the few fintech companies focusing on the landlocked West African country.
Catering startup ezCater kicked its valuation over $1 billion, alt-protein funding proliferated, and José Andrés started championing cultivated meat.
InspiraFarms is deploying off-grid cold storage technology to help Kenya cut hundreds of millions of dollars of seasonal food waste.
This year’s Nutrition for Growth Summit, held in Olympic host city Tokyo, provided a platform from which to accelerate global progress on malnutrition.
Ag marketplace Agrostar scored $70 million while delivery and transport app Ola bagged $139 million as Indian startups led in the funding stakes this week.
The Lagos-based startup is aiming to make the country’s food supply chain much more predictable for stakeholders by using data, drivers, and loans.
Novel Farming Systems ventures – which include tech-enabled vertical farms and greenhouses – may be losing their luster for investors.
Cellular agriculture startups aim to solve agrifood’s biggest sustainability problems. But smallholders must be part of the solution, writes Saron Berhane.
Trella, Capiter, and MaxAB are among dozens of startups that have raised funding of late to overhaul Egypt’s fragmented and inefficient B2B logistics space.
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