Israeli drone software startup Skyx has raised an undisclosed seed funding round to commercialize its software that allows one operator to control a fleet of up to six crop spraying drones.
Though historical Israeli agritech strengths are in irrigation and water management, and livestock and poultry, smart farming has developed three times faster than other sectors, with 29 new companies forming in the last five years.
High-profile startup hires, a startup IPO, and new startup resources also make up part of this week's brief.
The company uses a blend of oats, lentils, sunflower seeds, coconut, sesame seeds and has created three flavors of yogurt with no added sugars, while eliminating the waste common in plant-based dairy alternatives such as soy milk.
There are now more than 400 Israeli startups working on innovations for the global agriculture sector, according to new research from Start-Up Nation Central, an Israeli NGO and Greensoil Investments, a local agritech venture capital firm.
The Israeli startup raised funding in a round led by Finistere Ventures and Vertex Ventures.
The conversation around foodtech in Israel has now completely changed, according to Amir Zaidman, VP of business development at The Kitchen.
Scarce natural resources have promoted the development of a thriving, local ecosystem for agricultural technologies, and BIRD Foundation is helping take these technologies to the US, writes Maya Vardi-Shoshani.
Working with universities and research organizations can be tough, but Copia believes it's found an effective and scalable solution for agriculture technology investment.
The $10m Bayer Trendlines Ag Innovation Fund is the first step in developing a co-investment platform as the Israeli incubator eyes launching another $30m fund.
CropX, the Israeli irrigation and sensor technology company, has raised a further $1 million towards its Series A round from strategic investors Robert Bosch Venture Capital and the Flextronics technology accelerator Lab IX.
Marc Benioff, founder and CEO of Salesforce joined the round led by OurCrowd and Eshbol Investments.
Pontifax Food and Agriculture Technology Fund, a private equity fund targeting $200m overall, has launched under the umbrella of Israeli life sciences venture capital firm Pontifax.
Agrinnovation will invest in 10 technologies coming out of research done by Hebrew University's professors, and is likely to raise a further $2m for the fund.
A group of venture capitalists, previously active in other digital technologies, are now turning their attention to agriculture technology with a new a $40m to $50m fund.
Earlier today, Kingenta Ecological Engineering Group announced the launch of a broad scale agricultural partnership between Israel and China. Founded in 1998, Kingenta is a Chinese technology enterprise dedicated to the development, production, and marketing of compound fertilizers, slow/controlled -release fertilizers, water soluble fertilizer, and other specialty fertilizers.
Israeli investment firm Impact First Investments (IFI) announced today that it has invested an undisclosed amount in Catalyst AgTech, a company dedicated to developing technologies that minimize the environmental impacts associated with agrochemical products.
Long known as the “start-up nation,” the country is now emerging as a global pioneer in the agriculture technology sector.
Join our CEO Rob Leclerc at Agrivest 2013 in Israel! Leclerc will be on a panel ‘Exploring the Key Fundamentals Driving Growth in Agriculture Investment’ along with Ron Meeusen from Cultivian Sandbox Ventures, Gideon Soesman from GreenSoil Investments, and Mitchell Presser from Paine & Partners.
By Rob Leclerc
When you think of “Israel,” do you think “AgTech”? Probably not, but maybe you should.
With two-thirds of its land desert, and one of its two bodies of water called the Dead Sea, Israel has to be creative when it comes to agriculture.