Digitizing the supply chain drove investment increase in African agrifoodtech in 2022
April 19, 2023
All continents except Africa recorded an over 30% decline in agrifoodtech investments in 2022.
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Tag: Africa
Brief: VC firm Bidra scoops up $200m to back sustainable ag and energy startups
April 5, 2023
Investment from Mohammed VI Polytechnic University (UM6P) and the OCP Group will enable Bidra to expand the scope of its agrifood fund for climate startups.
The Week in AgriFoodTech: Local Bounti lands $145m, Momofuku Goods bags $17.5m, Vow’s ‘mammoth’ meatball
March 30, 2023
Indoor mushroom startup Smallhold expanded thanks to a retail partnership with Sprouts, while reservations platform OpenTable partnered with ChatGTP.
Boomitra partners with FtMA to launch flagship soil carbon project for East Africa’s smallholders
March 30, 2023
The soil carbon project which already has 2700 farmers on board will help farmers adopt climate smart ag practices while connecting them to carbon markets.
Danforth Center researchers turn to epigenome editing to protect cash crop cassava from blight
March 28, 2023
Researchers recently demonstrated that epigenome editing can reduce blight symptoms in cassava plants without impacting plant growth or yield.
African agritech needs to focus more on boosting farmer productivity, says E4Impact
March 15, 2023
There’s still scope for innovation in boosting farmer producticity and efficiency as AFDB predicts 60% increased food insecurity.
The Week in AgriFoodTech: Chromologics raises $7.5m, Next Gen Foods dabbles in alt-dairy, Amazon shutters Go stores
March 9, 2023
Singapore’s Next Gen Foods acquired an alt-dairy startup, while agtech funding this week was all about ecosystem restoration projects.
‘Technology is a means, not an end’ in farming: Key takeaways from Indoor Ag-Con 2023
March 8, 2023
Speakers at this year’s Indoor Ag-Con offered the indoor farming industry insights, predictions and some major reality checks about the future.
Misinformation and over-generalization: The future of GMO in Kenya
March 3, 2023
‘Are GMOs the path to food security?’ A session turned debate on the adoption of GMOs in Kenya following the government’s decision to lift its ban sought to address this question.
As demand for protein grows Sustainable Planet bets on water lentils as a viable alternative to soya
March 1, 2023
Sustainable Planet works with smallholder farmers in some of the world’s most arid places to produce water lentils that provide both food and income.
The Week in AgriFoodTech: GrainChain raises $29m, Brigad bags $30m, AeroFarms & iFarm head to MENA
February 16, 2023
Funga is “rewilding” forest microbiome to grow more trees and McDonald’s & Beyond Meat test a new plant-based product in Germany.
Look to other geographies for business models and not just their tech; takeaways from World Bank’s Africa-Korea Agtech Summit
February 14, 2023
Learn from other geographies with similar challenges, create room for blended financing and other snippets from the Africa-Korea Agtech Summit
BII eyes full-stack startups, ag marketplaces & embedded financing as it earmarks funds for Africa
February 7, 2023
BII plans to designate $250 million to African and Indian startups by 2026, including those developing solutions for smallholder farmers.
Entocycle lands $5m Series A from Climentum, Lowercarbon Capital to roll-out precision ag tech for insect farms
January 31, 2023
Entocycle, a UK startup that provides technologies and services for the insect farming industry, has secured $5 million in a Series A round from a
RiceAfrika founder Ibrahim Maigari poses agri mechanization as a productivity and gender empowerment tool in Africa
January 28, 2023
‘Building an Africa that feeds itself’ is what RiceAfrika says it’s out to accomplish. Ibrahim Maigari its founder and CEO believes that if we’re serious
Omnivore achieves partial exit in Ecozen’s $25m Series C led by Nuveen for clean energy irrigation, cold chain tech
January 25, 2023
“Our work has always been at the intersection of climate tech and agri,” says Devendra Gupta, CEO of Ecozen.
Letter from 2023: a vintage year to invest in foodtech and agtech
January 19, 2023
Stalling progress and slumping valuations might feel disappointing to many. Heck, these are challenging times. But this could be the best year yet to invest in agrifoodtech.
I’m getting déjà vu: foodtech and the dot com crash
January 16, 2023
Over the last year, we have seen a fierce and accelerating backlash against food tech. But it’s time to move on, writes Johan Jörgensen.
Pyramidia Ventures: a “founder on steroids” building agrifood x climate tech startups in Africa
January 12, 2023
Pyramidia Ventures is taking an alternative approach to venture capital to help solve Kenya’s pressing food security and climate change challenges.
Are DFIs on track to catalyzing investments in African agriculture?
December 16, 2022
The just concluded African Agri Investment Indaba hosted ag stakeholders, chiming in on the sector’s state of financing, inclusion and productivity.
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