Locus Fermentation Solutions raises $30m in debt financing following ‘strategic restructuring,’ revamps carbon farming scheme
“Through a strategic restructuring we parted ways with some former team members,” says the Ohio-based firm.
“Through a strategic restructuring we parted ways with some former team members,” says the Ohio-based firm.
There’s no way to sugarcoat this: investment in agrifoodtech startups is at its lowest point in six years. But considering the contribution of the agrifood sector to the global economy and livelihoods, has the correction gone too far?
According to one industry source, Gro received “some money with a lot of conditions.”
Extensive field trials in Spain with leading commercial tomato varieties grown in open fields have delivered 10-17% increases in yield, claims SaliCrop.
CTO James Cariello has been named as the new CEO at the firm, which recently laid off 10% of its staff and has been trying to raise fresh capital through a convertible bond.
Bangalore-based FaunaTech is a novel smartphone-based diagnostics platform for rapid testing of milk and bovine health at the farmgate.
“The CEO got all [of the] company [together] in a less than five-minute call and the affected ones were disconnected less than an hour and a half afterwards.”
Can money really grow on trees? Undoubtedly, says Ethan Steinberg at agroforestry startup Propagate. But it doesn’t happen overnight, so farmers looking to plant trees among their crops need support, and upfront capital.
Edete—which offers precision pollination as a service (PPaS)—helps Mother Nature by applying pollen directly to trees in a highly targeted manner.
AgFunderNews head Louisa Burwood-Taylor on the origins of the now much-used term and how the food and ag industries evolved with it.
Plus… Steakholder Foods unveils a 3D-printed eel, and carbon removal startup Standard Biocarbon secures $5m for a new biochar production facility.
Here are some of highlights (and a few low lights😉) from 2023, plus some areas to watch in 2024, from designer probiotics to livestock methane reduction.
Readers of AgFunderNews were glued to stories on indoor ag, regenerative ag, plant-based and cultivated meat, and an ugly spat between Miyoko’s Creamery and its namesake founder in 2023.
Artificial intelligence (AI) is unsurprisingly top of mind but founders also cite new developments in bioinformatics, plant cell culture and continuous fermentation in our festive vox pop.
As well as taking stock of the best read articles of the year, the AgFunderNews team also wanted to highlight our favourite stories of the year; the articles we’re most proud of and enjoyed reporting the most.
Foodtech + agtech = agrifoodtech. Check out our potted history of one of the world’s most politically charged—and critically important—industries over the last 10 years, with data, analysis, and interviews with Climate Corp, John Deere, FBN, Impossible Foods, Mosa Meat, and more…
As part of GROW’s 2024 program, which kicks off in April, 10 founders will receive a $100k cash investment from AgFunder, introductions to its global network of co-investors, and mentorship and support from Singapore-based agrifoodtech accelerator, GROW, over a five-month period.
We’ve known for years that electrical fields can boost crop yields, says Rainstick cofounder Mic Black. “But try putting lightning in a box.”
From more efficient wastewater treatment to higher yields in hydroponics, nanobubbles are gaining traction in food and ag, claims Moleaer.
If you’re mid-way through a pitch and investors still have no idea what your startup actually does, you’ve got a problem, say investors we quizzed this week…
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International Fresh Produce Association launches year 3 of its produce accelerator