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The team.

The Week in AgriFoodTech: Agrotoken closes Series A, John Deere & SpaceX team up, MaxAB merges with Wasoko

January 18, 2024

Latin America agrifintech startup Agrotoken made news this week with a Series A that included participation from Bunge Ventures. A number of new collaborations also emerged, including a strategic partnership between John Deere and SpaceX, a merger between midstream tech company Wasoko and Egypt’s MaxAB, and a tie up between AgFunder portco Propagate and Rodale Institute.

Additionally, we have a bunch of news this week on new fundraising for ag robots, fermentation startups and more, along with a look into the world’s first regulatory greenlight for cultivated beef. Sign up for our newsletter to get the full scoop.

The team.

Foodtech funding

🇮🇱 Mediterranean Food Lab raises $17m series A to scale up AI-powered solid state fermentation tech AgFunderNews

🇮🇱 Juice… with up to 80% less sugar? Ingredion Ventures leads series A at Israeli foodtech co Better Juice AgFunderNews

🇳🇱 Dutch startup bags €1M to expand its GenAI hospitality communication platform Silicon Canals

Burro team photo with new product: Burro Grande. Image credit: Burro

Agtech funding

🇺🇸 With a fresh $24m, Burro grows from ‘people to pallet scale’ with autonomous harvest-assist robots AgFunderNews

🇮🇱 Israel’s SeeTree banks $17.5m to expand its ‘tree intelligence’ platform for orchards and forests AgFunderNews

🇦🇷 Fintech Agrotoken closes $12.5M in pre Series A Latamlist

🇺🇸 California-based farm-ng bags $10m to bring autonomy and robotics to smaller-scale growers AgFunderNews

Image credit: Wasoko

M&A, IPOs & partnerships

🇪🇬 🇰🇪 Egypt’s MaxAB merges with Africa’s largest B2B e-commerce player Wasoko Wamda

🇺🇸 Propagate and Rodale Institute partner to grow adoption of agroforestry Rodale [Disclosure: AgFunderNews’ parent company, AgFunder, is an investor in Propagate.]

🇮🇱 Imagindairy acquires industrial-scale precision fermentation lines for animal-free whey: ‘This will allow us to support mass-market adoption’ AgFunderNews

🇦🇺 Aussie vegan meat maker v2food acquires ready meal brands as plant based sector undergoes consolidation Green Queen

🇺🇸 🇨🇭 Syngenta and Enko accelerate the discovery of innovative crop protection solutions Syngenta

🇩🇪 🇩🇰 AMSilk and 21st.BIO Forge Alliance to Scale Bioproduced Spider Silk Proteins “From Kilos to Tons” Vegconomist

Funds, grants & accelerators

🇺🇸 🇳🇱 Serra Ventures and Grondex International partner up for next ag & food tech fund Serra Ventures

People moves

🇺🇸 Flashfood names new CEO, revamps brand identity Grocery Dive Grocery Dive

🇺🇸 Solis Agrosciences announces expansion of leadership team 39NorthSTL

A sample of Aleph Cuts. Image credit: Aleph Farms

Other news

🇺🇸 John Deere, Meet Elon Musk: SpaceX Satellites to Link Farm Giant’s Equipment WSJ

🇮🇱 Aleph Farms nabs ‘world’s first’ pre-market approval for cultivated beef AgFunderNews

🇺🇸 Giant Eagle to open first automated micro-fulfillment center Grocery Dive

🇬🇧 HelloFresh fined £140,000 for ‘barrage’ of spam messages UKTN

🇨🇦 Future Fields Launches First-Ever Fruit Fly-Derived Recombinant Human Prolactin to Accelerate Lactation-Based Research and New Product Development Future Fields

🇺🇸 Uber shutting down alcohol delivery service Drizly Axios

🇨🇱 “NotCo is Officially NotGuilty” – Chilean Unicorn Defeats Dairy Union as Court Allows ‘Milk’ on NotMilk Labels Vegconomist

🇮🇱 🇺🇸 Edete precision pollination drives double-digit increases in pistachio yields in California trial AgFunderNews


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