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Fasal
Fasal uses farm level data to predict ideal growth conditions and resource requirements - including irrigation, sprays, fertigation and other preventive measures and notify farmers to take informed decisions. Image credit: Fasal

The Week in AgriFoodTech: Fasal bags $12m to expand precision farming operation, Danone offloads Horizon Organic

January 4, 2024

It’s been a quiet couple of weeks in agrifoodtech as we stagger into 2024, but there have been a few noteworthy developments since our last installment: Indian precision farming co Fasal bagged $12 million from TDK Ventures and British International Investment; ADM struck a deal to acquire Nutreco subsidiary PT Trouw Nutrition Indonesia; and Danone unveiled plans to sell its premium organic dairy business in the US to private equity firm Platinum Equity.

Fasal
Fasal uses farm level data to predict ideal growth conditions and resource requirements – including irrigation, sprays, fertigation and other preventive measures and notify farmers to take informed decisions. Image credit: Fasal

Agtech & foodtech funding news

🇺🇸 🇮🇳 TDK Ventures and British International Investment invest in $12m series-A round of agri-tech innovator Fasal PR Newswire

🇺🇸 Carbon removal startup Standard Biocarbon raises $5m to launch US biochar production facility ESG Today

🇺🇸 Invasive Species Corporation closes pre-seed investment and secures $2.5m from Silverstrand Capital EIN Presswire

Multus Bio cofounders Réka Trón, Cai Linton, Brandon Ma and Kevin Pan
L-R: Multus Bio cofounders Réka Trón, Cai Linton, Brandon Ma and Kevin Pan. Image credit: Multus Bio

M&A, IPOs & partnerships

🇺🇸 Danone announces the sale of Horizon Organic and Wallaby businesses in the US Global Newswire

🇬🇧 Multus and New Wave Biotech merge in AI partnership to lower costs of cultivated meat Vegconomist

🇮🇩 ADM strengthens animal nutrition capabilities with acquisition of PT Trouw Nutrition Indonesia FeedNavigator

Umami United
Image credit: Umami United

Funds, grants & accelerators

🇯🇵 Japanese government awards multi-million dollar grants to plant-based egg and cultivated meat startups  Green Queen

GOOD MEAT chicken satay on sale in Singapore
A Pennsylvania court has ruled largely against Eat Just and its cultivated meat division GOOD Meat in the early stages of litigation* with bioreactor firm ABEC over unpaid bills. Image credit: GOOD Meat

People moves

🇺🇸 Nissin Foods USA announces new president and CEO PR Newswire

Other news

🇮🇳 Farmers Edge and LTIMindtree unveil FEIL in Mumbai: a pioneering agricultural innovation hub redefining farming in India Business Wire

🇬🇧 MYCO announces ‘food industry first’ site for oyster mushroom protein to meet demand for sustainable meat alternatives Vegconomist 

🇺🇸 Where Food Comes From acquires Upcycled Certified program Global Newswire

🇮🇱 Steakholder Foods launches industry-first 3D printed eel PR Newswire

🇮🇱 Foodtech startup Imagindairy receives FDA ‘no questions’ letter for animal-free milk proteins CTECH

🇬🇧 ‘Are You Stupid?’ Oatly wins landmark UK legal battle to keep ‘milk’ on its packaging Green Queen

🇺🇸 What’s next in the legal spat between ABEC and GOOD Meat (Eat Just) over unpaid bills? AgFunderNews

🇨🇦 Canada consults on launch of federal plastic registry  ESG Today

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