Tag: midstream technologies

Pinduoduo IPO opening bell Shanghai July 2018

‘China’s largest ag platform’ reports bumper growth, founder quits for foodtech

March 18, 2021

Pinduoduo served 788 million annual active buyers in 2020 – the first time it has overtaken Alibaba in user numbers.

Young pod of soybean plant in an agricultural field against the light. Soybean seeds in a pod on a growing plant. Soybean crops.

Argentine ag blockchain platform ucrop.it raises seed funding

February 17, 2021

The Buenos Aires-based startup helps commodities buyers to find growers that use certain sustainability practices – while getting growers a better price for their efforts.

Farm-to-factory cold chain platform Xianshenghuo hauls in $93m for Series A round

February 1, 2021

The Chengdu startup can “grow into a benchmark enterprise in the industry” thanks to its tech-led approach to transporting farm produce, said one investor.

BRIEF: On-demand delivery apps Getir & Glovo get $100m+ apiece in ‘dark store’ drive

January 19, 2021

Spain’s Glovo and Turkey’s Getir are both targeting the boom in demand for so-called ‘q-commerce’ – ultra-quick, 30-minute-max delivery of groceries purchased online.

KisanHub raises $1.5m to bring farm-to-factory visibility to supply chains

November 18, 2020

The UK-based startup aggregates data from cropfields, on-farm sensors, stores, shipments, and satellites to drive efficiency across the entire agrifood supply chain.

5 ASEAN startups tackling the messy middle of the agrifood value chain

July 17, 2020

While the bulk of funding went to downstream categories in 2019, startups in the middle of the agrifood value chain are attracting more and more interest.

Nigeria’s TradeDepot raises $10 million in pre-Series B funding

July 17, 2020

The Lagos-based startup seeks to bring some formality to Africa’s extensive, informal agrifood supply chain, by providing stakeholders with digital tools and mentoring.

Now that cannabis is essential, it’s time to roll out the tech

June 10, 2020

It’s time to put the stigmas to bed and the pipettes to work and give cannabis a chance to work its magic. It’s that essential, writes Kevin McKernan.

China’s Sysco wannabe Lehe Food raises $56m in Series C round

May 11, 2020

The Guangzhou-based startup raised a total of $29 million across two rounds last year. On-demand giant Meituan Dianping co-led the latest fundraise.

Indonesia’s GudangAda raises $25m at Series A with $100m in monthly food & ag transactions

May 5, 2020

Sequoia Capital and Alpha JWC Ventures co-led the round, which brings the B2B marketplace’s total funding to $36 million in just 15 months.

EXCLUSIVE: Fulcrum Global Capital closes $36m agrifoodtech fund and four investments

March 12, 2020

Fulcrum raised the fund from a pool of high net worth investors to support early-stage upstream agriculture technologies in animal health, precision agriculture, food safety, and supply chain logistics

AFN introduces… Intello Labs, the computer visionaries of food quality control

February 27, 2020

IntelloLabs is working to solve the logistical and potentially brand-busting challenge of quality control in the high-value crops industry using computer vision.

Farm Tech & Supply Chain Tech Drive $1.6bn in Funding to European AgriFood Tech Startups in 2018

May 23, 2019

Europe’s agrifood tech ecosystem raised just 9% of the funding that went to foodtech and agtech startups globally in 2018. But deal activity increased 23% as agrifood tech startups in the region closed a similar number of deals as in the US.

How a Little Sensor is Making a Big Impact on the Global Cocoa Industry

April 15, 2019

Handheld near-infrared spectral imaging devices are giving cocoa farmers and processors a way to set fairer prices in a matter of seconds while also cutting

Top 20 Startups Tackling the Middle of Food’s Supply Chain in 2018

April 4, 2019

Startups in the category we call Midstream Technologies raised $1.35 billion in 2018, climbing from the third-best funded category to the second-best funded sector behind Ag Biotechnology.

Wheatsheaf Acquires Purfresh’s Ozone Tech Reducing Food Waste in Shipping Containers

February 7, 2019

It is possible for as many as one out of 15 containers to get rejected when they arrive at their destination, an expensive outcome when containers carrying high-value food can be worth as much as $500,000.

Indian supply chain sensor startup AgNext raises $2m pre-Series A round

January 22, 2019

Kalaari Capital provided the funding, joining existing investor Omnivore.

Why Syngenta Ventures Invested in India’s Ninjacart

December 14, 2018

Ninjacart aims to increase farmers’ incomes, reduce food wastage, introduce competitive prices for retailers, and ensure quality food for all consumers. But how can this benefit Syngenta?

UPDATE: AgFunder Opens New Food Tech/AgTech Fund to Investors, Commitments Reach $4m in 1 Week

November 1, 2018

On our mission to democratize venture capital and increase investment in the food and agriculture industry, our fund is open to accredited investors as well as institutional investors, and we already have commitments from both.

Clear Labs Raises $21m in Series B-2 Funding to Make Food Safety Testing Quicker and Cheaper

October 30, 2018

Clear Labs, a Californian startup using next-generation sequencing (NGS) to test food for dangerous pathogens like Salmonella, has raised $21 million in an extension to its