A varied week of agtech fundings includes a food waste-to-biofertilizer company, a leading global private equity firm, an Irish startup using artificial intelligence to find healthy peptides, a precision ag software startup, and more.
FreshDirect's new app will also sell the wares of other food e-commerce startups such as Splendid Spoon and Hungry Root. Mad Agriculture won the Judges' Choice Award at FoodBytes! this year alongside another two winners.
After just completing the Y Combinator accelerator program, North Carolina-based satellite imagery startup FarmShots has closed a seed round after attracting local angel investors. Founder Josh Miller said that keeping the investor base local avoided any potential investor demands to move the company to the expensive West Coast.
Investment into agriculture technology startups fell 20% year-over-year in the first half of 2016, as 307 funding deals collected $1.75 billion. At the same time, deal activity increased 7% and the number of unique investors increased 52% year-over-year.
Israeli Computer Vision Startup Prospera Closes $7m Series A
Prospera, an Israeli startup using computer vision, data science, and machine learning to monitor and analyze crops, has raised $7 million in Series A funding in a round led by local VC Bessemer Venture Partners.
Cultivation Capital Leads $1.2m Round in Data Analytics Startup S4, New Wave Foods Closes Seed Round for Seafood Alternative, and Innit Raises $18m for Connected Food Platform in this week's Fundings-in-Brief.
“There was a period when the software was as important as the need to have incredible logistics,” says Benzi Ronen, CEO of Farmigo, which last week shocked the market by closing down its food delivery service.