Brief: Gates Foundation leads $707m investment in Dutch e-grocer Picnic
September 17, 2021
Picnic dispatches groceries from strategically located, automated hubs to its customers’ doorsteps using electric minivans.
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Tag: Industry Brief
Brief: Meat accounts for more than half of food production’s greenhouse gas emissions, says study
September 15, 2021
Meat for human and animal consumption is responsible for 57% of food production’s emissions – with beef alone making up 25%.
Brief: Netherlands mulls plan to cut livestock numbers by a third
September 13, 2021
The Dutch government may consider farm expropriation, among other measures, in an effort to reduce nitrogen emissions.
Brief: EU greenlights insect-derived protein in pig & poultry feed
September 7, 2021
It’s “an instrumental step in upscaling the European insect sector,” according to industry group IPIFF.
Brief: Amazon & The Nature Conservancy launch Brazil ‘agroforestry accelerator’
September 6, 2021
The US tech giant claims the scheme will restore 20,000 hectares of forest within three years and remove 10 million tons of carbon from the atmosphere by 2050.
Brief: Amazon launches agronomy service for Indian farmers
September 3, 2021
The US tech giant also said it’s building “robust temperature-controlled supply chain infrastructure” to preserve food quality and reduce waste.
Brief: Qatar plans $200m+ cell-cultured meat hub in partnership with Eat Just
August 31, 2021
Qatar and US-based Eat Just will build what they say is “the MENA region’s first-ever facility for cultivated meat” in the Middle Eastern country.
Brief: Pinduoduo reports first-ever profitable quarter; commits $1.5bn to ag development
August 27, 2021
The e-commerce company said it’ll re-invest its profits into a new ‘non-commercial’ initiative aimed at promoting agtech, digitalization, and rural development in China.
Brief: Cox Enterprises acquires indoor ag startup BrightFarms
August 19, 2021
The US startup said it plans to build a “national network of new high-tech farms that will accelerate the salad industry’s transition to indoor farming.”
Brief: Chris Sacca’s Lowercarbon Capital raises $800m
August 16, 2021
The early Twitter and Uber investor’s climate-focused VC firm has invested in several alt-protein and sustainable ag startups.
Brief: Kalera agrees $153m deal to acquire &ever in vertical farming combo
August 12, 2021
Kalera will instantly expand its global presence by acquiring &ever, which operates vertical farms across Europe, Southeast Asia, and the Middle East.
Brief: Oatly loses trademark infringement case against UK farm
August 5, 2021
Under-fire Oatly had accused the UK’s Glebe Farm, which produces an oat-based milk called PureOaty, of infringing its trademark rights.
Brief: AppHarvest targets 12 indoor farms by 2025 following $91m Equilibrium Capital injection
July 29, 2021
AppHarvest also announced the appointment of former Amazon tech exec Mark Keller to head up its on-farm robotics efforts.
Brief: Infarm plots major Canada expansion with strengthened Sobeys partnership
July 27, 2021
CEO Erez Galonska said the deal “represents one of the largest rollouts of any vertical farming company in North America to date.”
Brief: NotCo bags $235m funding to enhance its discovery AI for plant-based protein
July 26, 2021
The Chilean startup said the round – which also saw participation from sports stars Roger Federer and Lewis Hamilton – values it at $1.5 billion.
Brief: Zomato sees share price leap 70% on Indian market debut
July 23, 2021
Zomato, which competes for the mantle of India’s top food delivery app with rival Swiggy, is reportedly valued at $12.2 billion post-IPO.
Brief: Nestlé to enter cell-cultured meat market in partnership with Israeli startup
July 13, 2021
Nestlé is said to be planning a range of products which blend cultivated meat with plant-based protein.
Brief: UAE cloud kitchen startup Kitopi raises $415m, joins billion-dollar club
July 5, 2021
The Series C round marks the first UAE investment out of SoftBank’s Vision Fund II.
Brief: Czech e-grocer Rohlik raises $119m to join unicorn club three months after $238m round
July 1, 2021
It closed its Series B round just three months ago – but says it needed more money for its aggressive expansion plans.
Brief: Eat Just targeting IPO at valuation of ‘at least $3bn,’ says investor
June 30, 2021
Eat Just raised $200 million in private funding back in March, with its GOOD Meat cell-culturing unit separately scoring $170 million in May.
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He says it’s not about climate. So why is Bill Gates investing in farmland?