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.
Early stage investment in agrifood tech startups reached $4.4 billion in the first half of 2017, posting a 6% year-over-year increase reversing the downward trend of 2016 when agrifood tech investing dropped 17% to $6.9 billion from $8.3 billion in 2015.
After a series of high profile acquisitions and more likely on the way, China is poised to have a much larger footprint in the global food supply chain in the near future, according to a new report from Rabobank.
The move to acquire Bright Agrotech will give Plenty the breadth of expertise and IP to scale with rapid speed, and is a natural move after a four-year relationship, according to Matt Barnard, cofounder and CEO.
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.
Tyson Foods Appoints its First Chief Sustainability Officer
Major poultry producer Tyson Foods has named Justin Whitmore to the newly-created role of Chief Sustainability Officer. The appointment follows the company’s introduction of a new initiative that puts sustainability at the core of the company’s future aspirations.