Bayer and Ginkgo Bioworks announced the partnership in September 2017. The partners jointly invested $100 million in the venture, making the deal the second largest deal from an Ag Biotechnology startup in 2017, according to the AgFunder data.
Five Seasons Ventures, a new European VC focusing on agrifood tech investments has launched its first fund, announcing a first close on €60 million ($74.3m). Backers include Nestlé, the European Investment Fund, Fondo Italiano d’Investimento, Bpifrance, and selected family offices and entrepreneurs.
John Deere is the first major ag player to achieve the certification and though several companies are maintaining their certifications over the years, the program hasn't grown out of the single digits in terms of membership, meaning this move by Deere could have a big impact.
We caught up with Neal Gutterson ahead of the World Agri-Tech Innovation Summit, where he is a keynote speaker, to discuss the strategy behind Dow DuPont's first GE product and the company's digital strategy going forward.
We caught up with Nolan Paul ahead of the World Agri-Tech Innovation Summit, to discuss how Driscoll's works with startups and lessons learned while trying to determine the future of strawberry growing.
Global revenue risk from lack of water availability for irrigation or animal consumption has reached $459 billion. With figures like this, it’s no wonder that funds and corporations are hearing more concern about water from investors.
The data used to answer increasing inquiries about the sustainability of large agrifood company supply chains is not keeping up with the pace of demand, leading to figures that are largely theoretical.
Bayer CropScience and Ginkgo Bioworks, a startup genetically engineering microbes for the flavor, fragrance, and food industries, have partnered with hedge fund Viking Global Investors to invest $100 million in a new, as yet unnamed agtech startup.