The Week in AgriFoodTech: Agrotoken closes Series A, John Deere & SpaceX team up, MaxAB merges with Wasoko
Plus: much ado (and fundraising) about ag robotics and many updates from Israel’s startup scene.
Plus: much ado (and fundraising) about ag robotics and many updates from Israel’s startup scene.
Plus, corporate restructuring at FreshDirect and R.I.P. for RIP Foods.
Plus… Steakholder Foods unveils a 3D-printed eel, and carbon removal startup Standard Biocarbon secures $5m for a new biochar production facility.
Here are some of highlights (and a few low lights😉) from 2023, plus some areas to watch in 2024, from designer probiotics to livestock methane reduction.
When it comes to farming, says Verdant Robotics cofounder Dr. Gabe Sibley, the biggest pain points are typically labor and input costs. “We squarely address both.”
The continuous processing system will finally enable meat alternatives to reach cost parity with their animal-based counterparts, claims the Seattle-based startup.
Meanwhile in France, lawmakers are proposing a ban on cultivated meat, calling that alternative protein “junk food”
“As we matured and scaled, people got increasingly nervous about what that could mean for their business.”
Plus: ProfilePrint raises Series B funding & Vow gets a regulatory nod for cultivated quail.
Food processing and commodities giant ADM aims to have 4 million acres signed up for regenerative agriculture by 2027.
Food delivery is not the only restaurant tech category out there, but it’s been the most prominent over the last decade.
Milano Vice scoops up $9 million for pizza delivery and Clever Carnivore raises $7 million for cultivated pork.
The environment today is more realistic and therefore investments in the sector have a much better chance for long-term sustained success.
As COP28 kicks off, other agrifoodtech news includes fundraises for aquatech startups and new stats about agriculture emissions.
Plus, sugar refiner Nordzucker will invest more than $100 million into plant-based proteins.
Plus: Grow-NY winners announced and Le Fourgon raises new capital to reuse old containers.
4AG has developed an autonomous harvesting robot it says can greatly alleviate labor challenges in the mushroom industry.
“This is probably the fundamental platform that can enable sustainability at scale in the commodities,” says FBN’s Charles Baron.
Trace Genomics partners with EarthOptics, Dreamfarm secures $5 million for alt-mozzarella.
Bioomix announced funding for its microbial ag solutions and Doritos is on a mission to silence its chips.