Editors Note: AgFunderNews recently had the opportunity to speak with Mitchell Presser, a GAI Innovation Advisory Board Member and Head of U.S. Mergers and Acquisitions for Freshfields Bruckhaus Deringer, regarding his perspective on the relationship between private equity investment and the growth of agtech, a topic that he will be speaking on at the upcoming GAI Conference in San Francisco, running from Monday June 22 to Wednesday June 24.
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.
Granular CEO Sid Gorham will continue to helm Granular while also taking over digital agriculture for DuPont, which includes responsibility for DuPont’s agronomic software business.
Calyxt spun out from its parent company Cellectis to price an oversubscribed IPO at the bottom of the price range, while analysts remain concerned about gene editing regulation.
New Zealand in-field IoT provider CropLogic is set to go public on the Australian Stock Exchange while Japan’s Otsuka Pharmaceutical Co has acquired Canadian dairy-free, food company Daiya.
A cautionary tale is quietly making its way around food tech investor communities and conferences. The tale is the story of cleantech.
A private equity firm and a group of venture capital investors have exited their investments in two plant-based alternative meat companies. The deals were announced within a week of each other.
The year's first exit came from Observant, an early agtech pioneer in the precision water management space. Jain Irrigation acquired the Australian company.
It's been a rough ride for Oso Tech and its investors from its founding in 2011 in Urbana, Illinois until now. But the journey culminated in an exit and sale to Scotts Miracle-Gro.
The deal is also the first exit for Monsanto Growth Ventures, the agribusiness’s venture arm which has been investing since the beginning of 2013 and led the $1.2 million Series A round for VitalFields in May 2015.
We thought that might grab your attention! Please help us to collate a much-needed and much-requested agtech exit data report.
The agtech investor’s journey to exit is still unclear. Here are four routes to exit and their challenges as discussed at the World Agri-Tech Investment Summit.
Welcome to another weekly news roundup with AgFunderNews. One of this week’s biggest stories is machinery giant Deere & Company’s purchase of Precision Planting from Monsanto.
The venture capital arm of the UK food company has exited Lumora, a food safety and technology platform, to German healthcare conglomerate EBRA Diagnostics Mannheim (EBRA) as Fund II takes a new direction.