The Week in AgriFoodTech: BlueWhite, Protix & IGS raise funding, Eatable Adventures program investing in agrifood
Swiggy makes more cuts to its workforce, France contemplates a ban on cultivated meat.
Swiggy makes more cuts to its workforce, France contemplates a ban on cultivated meat.
Plus: much ado (and fundraising) about ag robotics and many updates from Israel’s startup scene.
AgFunder partner Michael Dean on discovering the huge opportunity for new technology development and deployment across the food system.
A new One Acre Fund program will act as a “resilience shield” for the 97% of smallholder farmers in Africa lacking insurance.
Plus: ProfilePrint raises Series B funding & Vow gets a regulatory nod for cultivated quail.
AAII participants said collaboration can positively impact everything from policy to infrastructure gaps to supply chain issues.
As COP28 kicks off, other agrifoodtech news includes fundraises for aquatech startups and new stats about agriculture emissions.
Empowering African agrifoodtech startups in terms of funding and business strategy remains at the core of the new program.
The Middle East, Africa and South Asia have many ties between them that create a huge market opportunity for agrifoodtech.
Encouraging the adoption of biofuels such as castor could boost incomes for farmers in rural Africa, claims Casterra.
Bioomix announced funding for its microbial ag solutions and Doritos is on a mission to silence its chips.
The two will develop microbiome-based solutions that reduce methane emissions for beef and dairy cattle and enhance feed efficiency.
General Mills and Walmart partner for regenerative ag, grain-trading platform Bushel gets a grant, Italy back-pedals on cultivated meat ban.
While VCs pumped just $3.2 million into farm management software for African agriculture, this is up from 2021.
After recording a 750% increase in funding between 2018 and 2022, last year Midstream startups in Africa recorded a 45% drop in funding.
Growth stage startups attracted 28.1% of funding pumped into in Africa’s agrifoodtech ecosystem in 2022 vs 10.3% in 2018, according to AgFunder’s new Africa AgriFoodTech Investment Report, 2023.
Mercy Corps Ventures and Farm Star are testing the use of Web3-enabled rewards to drive adoption of regenerative agricultural practices.
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.
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