Editor’s Note: AgFunderNews recently had the chance to speak with Gregg Halverson, President of Black Gold Farms. Halverson will be speaking at the Forbes Reinventing America: The AgTech Summit, taking place in Salinas, CA, July 8-9.
As we look ahead to the Forbes AgTech Summit later this week, we took a moment to reflect on GAI’s AgTech Week, which took place two weeks ago in San Francisco, to make a few observations on what’s happening in agtech.
Editor’s Note: AgFunderNews recently had the opportunity to speak with The Honorable Joe Gunter, Mayor of Salinas, on the relationship between agriculture and technology both in his home town and around the world.
A new investing and finance rule that will provide more opportunities for startups to attract early-stage capital and more options for investors to get involved in the space took effect last Friday.
Food retailers have been hot on the trail of new ways to help consumers stock their pantries and refrigerators. Using platforms similar to Amazon, many have turned to the internet to provide shoppers with a digital supermarket and fast delivery.
Following the heals of Delivery Hero’s recent $110M funding announcement, two additional online food delivery companies have announced the close of respective funding deals. Blue Apron, a New York-based meal delivery service, recently sealed a $135M Series D funding deal led by Fidelity Management and Research Company.
Oakland-based food company Back to the Roots announced this morning that it has closed its first funding round to the tune of $2 million. Fund Good Jobs, an Oakland-based organization designed to increase employment opportunities in the region, led the round.
Berlin-based Delivery Hero announced recently that it has secured an additional $110 million in funding from two unidentified U.S.-based “leading public market investors.” This recent funding round brings Delivery Hero’s total investment deals to over $1 billion, with almost $600 million of those funds secured in 2015 alone.
Aerobotic Innovations, a drone control and safety application, announced recently that it has partnered with Packet Digital LLC to offer new products that will combine their respective state-of-the-art software and hardware technologies.
VitalFields announced recently that it has secured $1.2 million in Series A funding from an international syndicate of investors, including SmartCap, the investment arm of the taxpayer-funded Estonian Development Fund, and an undisclosed large Silicon Valley based investor.
India is currently witnessing the launch of its first Food and Agri-business Accelerator program. Many entities are involved with the accelerator, with the IIMA Centre for Innovation Incubation and Entrepreneurship (CIIE) and a-IDEA, the business incubator at Indian Council of Agricultural Research’s (ICAR) National Academy of Agricultural Research Management (NAARM) leading the program.
Montreal, QC – Prevetec Microbia announced a new $4.7 million financing round on March 12. Telesystem, Groupe Jafaco Gestion, and Desjardins-Innovatech came in with 36% of the funding while the remaining 64% was brought in by the Canadian venture capital fund, VVC, which focuses on animal health.
BioGenerator, a St. Louis based, privately funded, non-profit investment organization whose express focus is on startups and entrepreneurs in the AgTech sector, has made a $200,000 seed investment in Apse, the company announced March 3.
Calling all innovators! An ag accelerator has been launched, and they’re looking for you.
Village Capital is calling for applications for its second annual USA Agriculture Accelerator Program, an agenda part of the SOURCE Initiative, which aims to help low-wealth Americans build businesses and the economy.
Aspiring ag entrepreneurs: Have a good idea but no money to start? Listen up; there’s a contest for you.
Syngenta is going to be giving away a total of $50,000 to those who want to start bringing their ag-ideas to reality.