
Omnivore exits fruit spraying tech startup MITRA following Mahindra acquisition
MITRA, an Indian manufacturer of fruit spraying equipment, has today been fully acquired by major automotive manufacturer Mahindra & Mahindra.
MITRA, an Indian manufacturer of fruit spraying equipment, has today been fully acquired by major automotive manufacturer Mahindra & Mahindra.
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.
All three agreed that mergers & acquisitions were more likely to deliver the next big exit over public market listing via IPOs and SPACs, and that the next big exit will be disappointingly low value.
“When we invested, what I loved about Bear Flag was that they were solving the right problem,” writes AgFunder partner Rob Leclerc about his firm’s exit from the ag automation startup.
SPACs are all the rage these days, and in agtech, we saw our first high profile SPAC earlier this year when AppHarvest listed on the NASDAQ at a $1 billion valuation.
It’s a big week for LatAm’s agrifoodtech fund, SP Ventures. The fund will close on around $50 million to $75 million, surpassing the $30 million goal it initially set.
We catch up with Ward and Presser about agrifood tech investing as Presser joins NY-based law firm MoFo’s M&A and PE practices.
Find out where and when exits will come, how startups can get acquisition-ready, and how the landscape is changing with Covid-19.
The deal is the latest move for Telus in the agriculture and agtech space.
Smart AG offers a driverless tractor technology to help farmers upgrade existing equipment to tackle time and labor challenges while DOT designs and manufactures ready-made autonomous equipment.
Using different languages to order your food could soon become a moot point at McDonald’s drive-thrus, with the company’s acquisition of Apprente — a two-year-old startup that’s been making impressive strides in voice recognition software.
Pontifax AgTech targets returns of three times its investments and sources close to the deal said it is likely the Precision Biosciences exit will come close.
Nolan Paul, Partner at Yamaha Motor Ventures and ex-head of R&D Strategy and Emerging Technology at leading produce grower Driscoll’s is offering his thoughts on how the agritech sector is developing ahead of his speaking slot at World Agri-Tech Innovation Summit in San Francisco next month.
The first wave of European food tech companies has mostly focused on building technology and logistics platforms to deliver food to consumers. And while the
Nutrien intends to integrate Agrible’s suite of farm management services with its newly branded digital platform as well as continue to grow Agrible’s sustainability tracking service for food companies.
The first half of 2018 is over and it’s been an incredible six months for the agrifood tech industry. Here are the 10 best read agrifood tech articles published on AgFunderNews during the first half of 2018.
At the closing investor discussion at the World Agri-Tech Innovation Summit in San Francisco on March 21, three agrifood investors concluded that though the exits of 2017 were good to see, they weren’t necessarily as replicable as many may hope.
No longer distracted by consolidation large strategic players will have more time, and money, to pursue exits in 2018, according to some industry insiders.
In this episode, I speak to Jorge Heraud, the cofounder and CEO of Blue River Technology, a Silicon Valley startup bringing robotics to the farm. Blue River was recently acquired by John Deere, the world’s largest tractor company, for $305 million.
“This is the start of the next chapter in agriculture,” says Kiersten Stead from MGV, an investor in Blue River.
Sponsored
Here’s where AI could make the biggest impact in the agrifoodtech sector