
The Week in AgriFoodTech: J.M. Smucker buys Hostess for $5bn, NotCo’s NotSnacks, Krucial monitors salmon from space
Plus, two startups raise new capital to improve access and standards for carbon credits.
Plus, two startups raise new capital to improve access and standards for carbon credits.
Biotech startup Allonnia raises $30 million, Nestlé says it’s “moving away” from carbon offsets.
Startups in the Ag Marketplaces & Fintech category raised $191 million in 2022 to bring more efficiency to the agrifood supply chain.
In contrast to global investment trends, Latin America’s eGrocery startups continued to garner the most capital in 2022.
Climate startup FLINTpro lands $9 million and Meatable says it can produce cultivated pork in just eight days.
Current Seedz customers already include major North American agrifood corporations John Deere, Mosaic, and Syngenta.
Ecorobotix offers weeding and crop protection via its “high-precision sprayer” for targeted herbicide, fungicide and pesticide application.
Immi raised funds for plant-based ramen while Bayer & Microsoft launched new data tools.
Singapore’s Next Gen Foods acquired an alt-dairy startup, while agtech funding this week was all about ecosystem restoration projects.
Once focused on cotton, Texas Crop Science is now partnering with world-renowned plant genetics company GDM for high-yielding soybean varieties for farmers.
Companies including Bushel, Topcon and Afresh Technologies, launched new tools; Umami Meats & Triplebar collaborate on cultivated fish.
New School Foods, E-TERRY, BloomX and many other agrifoodtech startups raised funds this week, even as food and ag industry layoffs continue.
The partnership will combine the Farmers Business Network’s customized crop protection plans with Greeneye’s AI-based precision weed spraying system.
Despite an overall increase in agtech adoption, farmers around the world still lag in terms of adding new sustainability practices to their operations.
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.
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.
Meanwhile, it’s more bad news for food delivery, with a quick-commerce startup shutting down and a major service leaving Australia.
Agroforestry grows increasingly critical for fighting climate change, restoring biodiversity and boosting incomes and economies for rural communities.
Smoke & mirrors, not worth the extra cost: 50 US farmers speak out on carbon markets