Dealmaking during Covid-19: Upstream and eGrocery win in AgFunder’s 2020 Mid-Year Investment Review
Agrifoodtech startups and investors are plugging away in 2020 as if we weren’t all caught in the midst of a global pandemic. Well, almost.
Agrifoodtech startups and investors are plugging away in 2020 as if we weren’t all caught in the midst of a global pandemic. Well, almost.
Singapore’s VisVires New Protein and Switzerland’s Redalpine co-led the Series A funding, which will assist Mushlabs with scaling up its mycelium growing operations.
Pat Brown’s strategy to replace animal protein by focusing on taste has forced the meat industry to be reactive; now it needs to get proactive.
Emerging markets that depend on ag exports to the EU, like Ukraine and Kazakhstan, risk being left behind if they don’t keep up with farm digitalization.
It may be smaller than previous rounds; but with another big-name backer on board and demand rising, the plant-based protein maker still has plenty to be happy about.
Focused on food resilience, sustainability, and health, Pivot East will help UK and EU startups test-run their entry into Asia Pacific using Singapore as a springboard.
Named Unfold, the new venture has received $30 million in funding from the two companies, along with rights to germplasm from Bayer’s vegetable portfolio.
The Bengaluru-based startup provides a platform for smallholders to purchase inputs, secure credit, and engage data-led advisory services.
The Korean chemical giant’s Singapore agribiz hub will “pioneer solutions for the world food supply chain through innovation, not just plain food trading,” its CEO tells AFN.
The need to revolutionize our food system is becoming critical. The problems are manifold and acute.
Downstream investment declined by 67% year-on-year. But upstream funding more than doubled, as startups and investors zeroed in on farm and supply chain solutions.
It’s one of several online group-buying platforms for fresh produce in China that has raised major funding from investors in recent months.
Indian actors Genelia and Riteish Deshmukh launched Imagine Meats with Good Food Institute and Archer Daniels Midland support, marking the latest celebrity foray into agrifoodtech in recent months.
MissFresh was the highest-funded agrifoodtech startup in China last year, raising $700 million in a debt round from a local government-linked fund, according to AgFunder research.
If 15-25% of farms adopted precision agriculture, greenhouse gas emissions and water use could be reduced by 10% and 20% respectively, according to the World Economic Forum.
Dolly the Sheep creator Roslin Technologies is backing the Singapore-based startup and taking it to its new genetic research facility in Scotland.
The round’s large close amid Covid-19 further cements Taranis’ reputation as a dogged drone survivor in one of the most scrutinized areas of agtech.
In Farmsave, FBN “saw a company that was deeply aligned with the same values [that] understands the role tech is going to play in the future of ag,” co-founder Charles Baron told AFN.
Australia is technologically advanced, highly urbanized, and has farmers aplenty – but its urban ag industry is practically non-existent. Sydney startup Blakthumb finds out why.
Backed by the likes of Facebook, Intel, and now Google, Reliance Industries’ Jio Platforms is an Indian agrifoodtech giant in the making.
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International Fresh Produce Association launches year 3 of its produce accelerator