Tikehau Capital invested in a biologicals startup and agrifoodtech layoffs continued.
Since 2013, investors have poured $1.76 billion into the continent’s agrifood startups, with growth climbing upward much of that time.
We’ve all felt the impacts of climate change this season but they’re especially pronounced in Africa; of the 20 nations ranked as most vulnerable to climate change, all but four are African. Meanwhile acute food insecurity has dramatically increased in the past year.
Mercy Corps Ventures is testing blockchain to get cash transfers to pastoral communities in Africa ahead of climate shocks.
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.
Plus, new funds for climate tech and Africa smallholders, and an indoor farming startup goes public.
Biomass fermentation startup MycoSure has accelerated its innovation process via a collaboration with leading South African R&D organization the CSIR.
Lissy Smit explains how the Aqua-Spark portfolio is addressing some of the greatest challenges right now for ocean and marine life.
Plus, CPG product-testing startup Highlight raises $18 million and Jimi Biotech debuts cultivated deer antler.
Africa’s smallholder farmers need drip irrigation and improved post-harvest storage, but investors are more interested in AI, CEA, blockchain and cultivated meat, says Prosper Chikomo.
Biotech startup Allonnia raises $30 million, Nestlé says it’s “moving away” from carbon offsets.
Agtech startup Green Afro-Palms is on a mission to help smallholder farmers unlock the potential of palm oil in Ghana.
Biomanufacturing has big potential to support the industrialization and economic prosperity goals of African nations. says Saron Berhane.
Private sector investment in ag biotech is urgently needed in Africa to develop crops resistant to multiple stressors, says Jonathan Gressel.
Investment in agrifoodtech will be key to the stable, sustainable and prosperous development of Africa, says Saron Berhane.
Agribusiness platform Unnati Agri lands new funding, hospitality startup C3 buys beleaguered virtual restaurant platform Nextbite.
Tawi Fresh launched this year to connect smallholder farmers in Kenya more directly to markets, financing and fairer pricing.
Climate startup FLINTpro lands $9 million and Meatable says it can produce cultivated pork in just eight days.
Restaurant-tech startup Incentivio scored new funding and one food delivery startup says it’s reached profitability.
Smoke & mirrors, not worth the extra cost: 50 US farmers speak out on carbon markets