New Zealand’s agtech sector is in robust health with great deal flow opportunities for international, as well as domestic, investors. But the country lacks a coherent story that articulates our strengths in this space, writes Peter Wren-Hilton.
The founder of Rockit Global, the New Zealand company that holds the global rights to the mini Rockit apple variety, has sold over 50% of the company to two private equity firms Pioneer Capital and Oriens Capital for around N$25 million ($17 million).
Sprout's agritech accelerator helped startups raise $1.5m in the first cohort, but the program is doing more to differentiate itself than pure funding.
Engender Technologies, a company that has developed a laser-based method for sexing livestock sperm, last week raised a $4.5 million.
The BCC (Building Clever Companies) has launched Sprout Agri-Tech, a 20-week accelerator program to help formalize a disparate agtech startup scene in New Zealand.
New Zealand-focused asset manager Craigmore Farming is launching its second fund to focus 100% on dairy at the request of pension fund clients.