New School Foods, E-TERRY, BloomX and many other agrifoodtech startups raised funds this week, even as food and ag industry layoffs continue.
AgFunder led a $3 million round for farm real estate marketplace CommonGround, and a cultivated meat company has achieved kosher status.
Plus: Multus Biotechnology secures Series A funding, Danone announces plans to reduce methane and Nest’s co-founder launches a circular economy trash bin.
The week also saw new deals for ingredient tech startups and funding for revitalizing the world’s forests.
EnrichAg’s novel sensing technology aims to make soil analysis faster, more accurate and cheaper for farmers and agronomists.
Other people moves from the last month include a new chief marketing officer for Grabango and a new role for Upstream Ag’s founder.
Alterpacks raised $1 million while greenhouse grower AppHarvest entered a sale-leaseback deal for one if its Kentucky facilities.
We cannot let this recent rainfall lull us into a false sense of complacency around water management and risk our long-term water supply.
NotCo has big plans for its AI tool, while nutrition platform HealthKart will expand its business and Winter Farm will grow a new crop.
From widespread soil degradation in Africa to Iowa’s quickly disappearing “black gold,” the numbers show how urgent the world’s soil situation is.
Enriched Ag wants to equip ranchers with tools and insights to manage grazing practices on their land as well as make decisions around carbon capture.
Meanwhile, it’s more bad news for food delivery, with a quick-commerce startup shutting down and a major service leaving Australia.
Other notable raises this week came from shelf-stable meal producer Proper Good and Mexico produce rescue company Perfekto.
Agroforestry grows increasingly critical for fighting climate change, restoring biodiversity and boosting incomes and economies for rural communities.
The new funding will enable TouchBistro to expand its restaurant management platform into more restaurants, North America and beyond.
Canada’s Elevate Farms got a fresh injection of capital for its indoor farming business and Gourmey raked in funds for its cultivated foie gras ambitions.
Tractor Zoom will invest in more data science to make its digital marketplace for farm equipment buying as transparent and streamlined as possible.
Front-of-house restaurant software startup Zenchef cooks up new financing and Land O’Lakes’ Truterra arm lands a grant from the USDA.
France’s Capagro launches $200 million agrifoodtech fund, Gotham Greens lands $310 million, and animal-free cheese developments proliferate.
Growers may also see “further downward price pressure” on phosphates and potash, though the outlook is less sunny for nitrogen.
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