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.
The fledgling startup industry looks different to other global markets with the vast majority of innovation and investment ($1.7 billion) taking place downstream; but China’s agrifood startup scene has something the US market does not.
Solana was founded in 2017 by a team of former employees of Illumina, the leading genetic tools provider, which guided the launch and production of hundreds of products – including market-leading DNA sequencing solutions.
“The deal had several appeals for us. The driving corporate appeal is it puts Clean Seed into the planter market in the US,” Graeme Lempriere, Clean Seed’s president & CEO, told AgFunderNews.
The first half of 2018 is over and it's been an incredible six months for the agrifood tech industry. Here are the 10 best read agrifood tech articles published on AgFunderNews during the first half of 2018.
Lance Donny, CEO and founder of OnFarm, will become SWIIM’s chief operating officer, helping to integrate SWIIM's water balance monitoring and reporting data into the OnFarm dashboard.
A few details about the future of venture capital at the new integrated Bayer have emerged, but according to Bayer Crop Science CEO Liam Condon, firm plans are still months away.
Bayer, through Condon, has indicated that it is aware the merger presents an opportunity to reset public opinion about controversial technologies like GMOs and Dicamba, but the executive announcement last week suggests a complete overhaul is not in the cards.
As the eventual conclusion of Bayer’s acquisition of Monsanto draws closer, all eyes are on the German healthcare and agriculture giant to find out what the new normal will look like. In agriculture, Liam Condon, CEO of Bayer CropScience, will have the primary role in shaping that new reality.
As Bayer waits for the final go-ahead from regulators to merge with Monsanto, the company is coming to terms with what its role could be as the largest corporation in agriculture.
Biologicals startup Inocucor has acquired ATP Nutrition in the opening salvo of a plan to become a “selective consolidator” in the premium crop inputs space.
Though the price of the acquisition was not disclosed, DTN SVP Ed Mattix offered that DTN is a conservative buyer looking to directly profit off of its acquisitions and that there would likely be more to come.
At the closing investor discussion at the World Agri-Tech Innovation Summit in San Francisco on March 21, three agrifood investors concluded that though the exits of 2017 were good to see, they weren’t necessarily as replicable as many may hope.
One agrifood tech VC vet heads from Monsanto Growth Ventures to Temasek while indoor growers get together to develop industry safety standards, plus agtech M&A in this week's brief.
Strider was in discussions with Syngenta Ventures about their next funding round, which would have been a Series B, when CEO Luis Tangari Pereira said that it became clear that an acquisition would be the best outcome for both parties.
We caught up with Dan Burdett, global head of digital agriculture at Syngenta, to find out why the company decided to acquire FarmShots rather than partnering with the four-year-old startup and what other technologies Syngenta is eyeing in 2018.
A major insect farm purchases a CPG startup, Kraft Heinz gets in the startup incubation game and more in this week's brief.
2017 was a year of extremes in agrifood tech investing. Large deals pushed the total investment volume up to post an encouraging 29% growth, but deal count fell by 17% to 949, with the most dramatic contraction at the crucial seed stage.
North Carolina-based satellite data analytics startup FarmShots has been acquired by Syngenta for an undisclosed amount plus more in our weekly brief.
We caught up with Neal Gutterson ahead of the World Agri-Tech Innovation Summit, where he is a keynote speaker, to discuss the strategy behind Dow DuPont's first GE product and the company's digital strategy going forward.