NFTs and other “web 3.0” tools are how the Brazilian startup plans to digitalize carbon credits and preserve the Amazon rainforest.
Three of the biggest funding rounds announced in the last week involved on-demand food and grocery delivery startups from various countries.
The country looks set to creep up the agtech investment rankings.
TerraMagna is one of several startups in Brazil looking to improve farmers’ liquidity.
Agrolend will use the funds to increase its credit portfolio, enabling more options for farmers using its fintech platform.
The Argentine startup will use the funds to strengthen its e-commerce and fintech offerings, as well as for growing its footprint in Brazil.
The Italian startups will combine their businesses to help 80,000 farms boost efficiency across 1 million hectares using data.
They’ll work together on The Yield LatAm Opportunity Fund, a new vehicle which will invest in roughly 30 companies in the region over the next five years.
The world’s largest meat processor plans to acquire a majority stake in Spanish cultivated meat company BioTech Foods.
The Chilean startup is building what it says is Latin America’s first large-scale sustainable vertical farming plant, powered completely by renewables.
Brazil will incentivize adoption of regenerative farming methods, methane-busting cattle feed supplements, and reforestation in an effort to hit the new target.
Freshmart was founded in 2016 and claims to have an 18-20% share of the online food market in Peru.
Andes has developed a seed treatment that enhances crops’ nitrogen-fixing capabilities, reducing reliance on synthetic fertilizers. It’s eyeing carbon next.
The US tech giant claims the scheme will restore 20,000 hectares of forest within three years and remove 10 million tons of carbon from the atmosphere by 2050.
It aims to take the manual labor out of the ag commodities inspection process using computer vision, machine learning, and IoT.
The Chilean startup said the round – which also saw participation from sports stars Roger Federer and Lewis Hamilton – values it at $1.5 billion.
The Porto Alegre-based startup secured funding from SP Ventures, ABSeed, and SLC Agrícola, among others.
GoFlux joins the growing number of startups that are streamlining antiquated aspects of the agricultural supply chain using digital technologies.
Its LeafSense tech is being used by growers to optimize the productivity of citrus orchards – and coffee and avocados could be next.
The Brazilian startup said it will use the funds to develop precision ag technologies “with a focus on mitigation, adaptation, and resilience to climate change.”
