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Image credit: Oobli

The Week in AgriFoodTech: India’s Jumbotail nets $18m, new investment plans for Corteva, Mondelēz & others

March 21, 2024

It’s a jam-packed week for agrifoodtech with World Agri-Tech wrapping yesterday and Future Food-Tech kicking off today over in San Francisco. Elsewhere in the world, Indian B2B ecommerce startup Jumbotail raised new funds despite a tough market, while multiple agrifood corporates announced new investment initiatives.

A Jumbotail fulfillment center. Image credit: Jumbotail

Foodtech funding

🇮🇳 India-based Jumbotail nets $18m amid tough B2B ecommerce market Tech in Asia

🇦🇺 Cauldron raises $6.25m series A to scale continuous fermentation tech AgFunderNews

🇪🇸 Female-led startup Poseidona raises €1.1M for innovative algal protein ingredients Vegconomist

Wildfire detection tech from Dryad Networks. Image credit: Dryad Networks

Agtech funding

🇩🇪 Dryad Networks “Internet of the Forest” secures €5.6M for its advanced wildfire detection

🇻🇳 Vietnamese agritech startup Techcoop raises $5m in equity and debt Deal Street Asia

A CropX sensor in the wild. Image credit: CropX

M&A, IPOs & partnerships

🇨🇭 🇮🇱 Syngenta announces partnership with CropX Brownfield Ag News

🇺🇸 Announcing the Food AI Co-Lab, a new collaboration between The Spoon & Future Food Institute The Spoon

🇺🇸 Ever.Ag acquires Adapt-N from Yara North America Global AgTech Initiative

🇺🇸 Save Mart partners with Flashfood Grocery Dive

🇮🇩 EFishery acquihires Indonesian AI-powered IoT startup, to launch AI brand Tech in Asia

🇪🇪 🇸🇪 eAgronom partners with Gardskapital to help Swedish farmers adopt regenerative agriculture practices eAgronom

🇺🇸 🇳🇱 Triplebar Bio teams up with FrieslandCampina Ingredients to make lactoferrin via precision fermentation AgFunderNews

Image credit: Mad Capital

Funds, grants & accelerators

🇺🇸 Acre Venture Partners closes $140m agrifoodtech fund, places bets on ag robotics, AI/ML AgFunderNews

🇺🇸 Corteva launches investment and partnership platform Corteva Catalyst Global Ag Investing

🇺🇸 Targeting $50m, Mad Capital unveils new fund aiming to de-risk regenerative-organic farming AgFunderNews

🇺🇸 Mondelēz launches corporate VC SnackFutures Ventures with an eye on future acquisitions Forbes

🇺🇸 A&T to lead “Ag Tech corridor” project with $1m from National Science Foundation NCAT

🇺🇸 USDA announces up to $12 million in grant funding available to promote U.S. agricultural products and address food insecurity in underserved communities USDA

Alt-chocolate a la Oobli. Image credit: Oobli

People moves

🇬🇧 GrowUp Farms appoints Will Howard as new UK MD and CCO Vertical Farm Daily

🇺🇸 Miyoko’s Creamery founder Miyoko Schinner and filmmaker Jasmine C. Perry join the board of Hip Hop is Green PR Newswire

🇺🇸 Mush Foods taps Padraic Doherty to head sales and business development Restaurant Dive

Other news

🇺🇸 Oobli receives FDA GRAS letter for game-changing precision-fermented sugar alternative Green Queen

🇺🇸 Meatly unveils the world’s first cultivated chicken pet food

🇳🇱 Dutch-based Lgem announces share issuance: ROM InWest becomes new shareholder, Navus Ventures increases investment Silicon Canals

🇨🇦 Eden Aeroponics launches crowdfunding campaign seeks for $100k Vertical Farm Daily

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