This week, Icelandic land-based salmon farmer Laxey secured capital for the next phase of its sustainable salmon operation, while Hoofprint Biome raised money to address methane emissions with microbiome engineering.
In acquisitions, Syngenta acquired Intrinsyx Bio to leverage the latter’s proprietary endophyte formulations, and ICL acquired biologicals startup Lavie Bio.
Funding
🇮🇸 Laxey lands €130m in equity, debt financing to fund next phase of salmon project Undercurrent News
🇺🇸 Hoofprint Biome raises $15m in Series A funding FinSMEs
🇬🇷 Greek startup Coffeeco Upcycle raises €715K to turn coffee waste into skincare and bioplastics Tech Funding News
🇸🇬 Climate tech startup Arysun secures $575k pre-seed funding Tech in Asia
🇨🇴 S2G and Ocean 14 invest in Colombian insect startup The Fish Site
M&A, IPOs & partnerships
🇺🇸 Syngenta acquires Intrinsyx Bio, strengthening its position in nutrient use efficiency (NUE) fastest-growing market segment Syngenta Biologicals
🇮🇱 ICL acquires Lavie Bio, strengthening microbial ag solutions Farming
🇺🇸 🇮🇱 Farm management platform Fieldin teams up with ARAG to bring precision spraying to more US growers AgFunderNews
🇺🇸 Verinomics and Pinnacle Seed form strategic partnership to accelerate Innovation in leafy greens Business Wire
🇬🇧 UK Government partners with Invest Africa New Business Ethiopia
🇺🇸 🇳🇱 Liberation Labs teams up with Vivici to produce animal-free whey protein in Indiana AgFunderNews
People moves
🇺🇸 Instacart CEO to step down Grocery Dive
🇺🇸 Invaio Sciences, a flagship pioneering company, appoints Magalie Guilhabert as chief science officer PR Newswire
🇺🇸 Inari welcomes agriculture veteran Lisa Nunez Safarian as board director PR Newswire
🇬🇧 Victoria Stevens joins Bramble as partner in Bramble intelligence LinkedIn
Other news
🇺🇸 🇬🇧 Terms agreed on DoorDash’s billion-pound Deliveroo takeover UKTN
🇸🇪 Oatly publishes Q1 financial results, says it remains on track for first full year of profitable growth Vegconomist
🇺🇸 From bulky bulbs to tiny chips: Uviquity emerges from stealth with far-UVC disinfection breakthrough AgFunderNews
🇺🇸 Beyond Meat’s ‘clearly disappointing’ Q1: ‘The Beyond value proposition remains obscured in doubt and misinformation’ says CEO AgFunderNews
🇪🇺 EU food and ag institutes join forces to create ‘bridge between research and policy’ Food Navigator
🇦🇪 Emirati Scientists create wheat variety with ‘record-breaking’ 19% protein Green Queen
🇺🇸 Next-gen fridge startup tomorrow shuts down The Spoon
🇨🇦 Canadian insect ag pioneer Aspire pursues court-supervised rescue deal AgFunderNews
