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The Vegrow team. Image credit: Vegrow

The Week in AgriFoodTech: Ag marketplace Vegrow lands $46m, Yara acquires fertilizer business, Chipotle invests in ag robotics

December 14, 2023

Welcome to the new, streamlined format of our Week in AgriFoodTech, where you’ll find less rambling from yours truly and fast access to the most important news of the week in food, agriculture and climate. (Do drop me a line if you have feedback on this new format.)

A few highlights from the last seven days include fundraises for Vegrow and Agricarbon, another acquisition for Yara International, and info on Chipotle’s latest accelerator program.

The Vegrow team. Image credit: Vegrow

Foodtech & agtech funding

🇮🇳 GIC backs three-year-old Indian fruit marketplace Vegrow’s $46m Series C round Deal Street Asia

🇬🇧 Industry leaders back leading soil carbon removals solution: Agricarbon raises £9m of funding from climate, agri-tech and financial investors Agricarbon

🇫🇷 Spore.Bio raises €8M for real-time pathogen detection in FMCG factories

🇦🇺 Australian Pinterest for recipes platform serves up $4.15 million Seed round Startup Daily

🇩🇰 Danish robot supplier raises €1.5 million to accelerate expansion Vertical Farm Daily

🇸🇬 Singapore’s ProfilePrint completes Series B fundraising led by Tai Partners TechNode Global

🇪🇪 Arbonics Raises €5.5M in Seed Funding FinSMEs

Pure Harvest founders
Pure Harvest co-founders (from left to right) – Robert Kupstas, Sky Kurtz, and Mahmoud Adi. Image credit: Pure Harvest Smart Farms

M&A, IPOs & partnerships

🇳🇴 🇮🇹 Yara International acquires Italian fertilizer business Agribios World AgriTech Innovation

🇦🇪 🇸🇦 Pure Harvest to acquire agriculture production facility in Saudi Arabia The National News

🇺🇸 Frontier buyers sign world’s first enhanced weathering offtake agreements with Lithos Carbon Frontier

🇺🇸 🇳🇬 ReSeed expands global partnerships with centre for renewable energy and action on climate change to cultivate new revenue stream from farm-based carbon credits in Nigeria PR Newswire

🇺🇸 CV Sciences expands into European plant-based food market with acquisition of cultured foods Vegconomist

People moves

🇺🇸 General Mills leadership changes further push into pets, international segments Food Dive

🇮🇳 IPO-bound Swiggy appoints former Diageo India CEO Anand Kripalu as chairman of board The Hindu Business Line

🇬🇧 Hoxton Farms puts UK at the forefront of food-tech with strategic international hires Protein Production Technology

SCiFi Foods pilot plant
SCiFi Foods cofounders Joshua March and Dr. Kasia Gora at the company’s new plant in San Leandro, California. Image credit: SCiFi Foods

Other news

🇺🇸 Every unveils liquid egg made without a hen Prepared Foods

🇬🇧 Heather Mills’ vegan food company goes into administration BBC

🇮🇱 Fund seeks $50 million to rebuild Negev farms destroyed by Hamas No Camels

🇫🇷 France’s Vital Meat submits pre-market dossier to launch cultivated chicken in Singapore Vegconomist

🇺🇸 Chipotle invests in autonomous agricultural robots and climate-smart fertilizer to improve the future of farming Chipotle

🇲🇾 🇦🇺 🇺🇸 Cultivated meat: UMAMI Bioworks, Cell AgriTech announce plant in Malaysia; SCiFi Foods opens pilot plant; Vow gets initial nod from regulators AgFunderNews


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