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 plethora of new food e-commerce options across the globe has caused investor fatigue and failures, the five leading food delivery companies in Europe are now worth seven times more than their combined investment, an awesome feat, according to Niccolo Manzoni, partner of agrifood tech investment firm Five Seasons Ventures.
While the demand for local food has never been greater, many grocers are ill-equipped to serve customers who are willing to pay more for local food, according to a survey conducted by Forager.
The San Mateo, CA-based operation says it has delivered 15,000 orders in the Bay Area in their first year of operation.
Ramanan interviewed the e-commerce giant in her capacity as a World Economic Forum Global Shaper — a network of teams of young people committed to solving global problems.
An agrifood tech investor takes leave after accusations of sexual misconduct, plus more personnel changes and agtech team-ups in this week's brief.
The number of high-raising food delivery startups that have shuttered in the last two years suggests that even with millions of potential customers within a few miles, online restaurants are a hard nut to crack.
Monsanto Growth Ventures portfolio company Agsolver has sold to a Texas-based agricultural software provider, new hires, and more Aussie IPOs in this week's brief.
Trump's nomination of Sam Clovis, a new hire at Finistere Ventures, Hampton Creek's board fallout, and Arlon's Brazilian dairy investment are also covered this week.
Blue Apron is the first meal kit company to IPO, with global competitors HelloFresh and SunBasket watching the outcome closely ahead of launching their own expected IPOs.
Since logistics -- how food gets from the farm to our plate -- is just as crucial a part of the food system as the food itself, spoke with an accelerator focusing on it.
The high-cost of customer acquisition and a recent uptick in losses for the five-year-old food tech company could make the decision to list look precarious and spell bad news for competitors also considering listing.
The highs and lows of the food e-commerce space continued this week with Territory raising $6.7m in Series A funding in the same week that Maple closed and sold some of its assets to the UK's Deliveroo.
AgShift, an ag data startup helping farms automate their compliance reporting, also closed a pre-seed round. Online office catering service Platterz and pivoted Indian agri-marketing platform Ninjacart also raised funding.
Full Harvest is on a mission to repurpose the 20 billion pounds of produce that are wasted at the farm level each year.
LoveTheWild, the Boulder-based frozen seafood brand that only sources farmed fish, has closed an undisclosed Series A round of funding with Leonardo DiCaprio and seafood-focused venture capital fund Aqua-Spark.
A bumper two weeks of funding saw 14 startups raise $184m across on-farm biotech, biotech, satellite imagery, India, 3D printing, including Instacart's $400m Series D. There was also an ag data acquisition in the UK.
A biotech company working on improving the consistency and efficiency of cannabis cloning raised seed funding from an impressive array of investors while an Aussie wholesale surplus food marketplace got the attention of impact investors.
Insect farming, Big Data technology, soil health products, and a Crowdfund a cow platform are just a few of this week's agtech fundings.
A busy week of fundings saw $89m raised by startups offering technologies from farm-to-fork.