The Week in AgriFoodTech: Indoor ag unicorn Bowery shuts down, Pymwymic launches second fund

Bowery farm

Image credit: Bowery

Outside the US election (which could impact agrifood in multiple ways), the big news of the week was Bowery ceasing operations. Once a leader of the indoor ag pack, the company has now closed up shop and laid off its 187 workers.

In brighter news, high-tech shrimp farming company Oceanloop reeled in a €35 million ($38 million) loan from the European Investment Bank. and Dutch fund Pymwymic announced a new, oversubscribed fund focused on healthy food systems.

Image credit: Oceanloop

Agrifoodtech funding

🇩🇪 Oceanloop lands €35 million for German and Spanish expansion The Fish Site

🇮🇳 Agritech startup Arya.ag gets $19.8 Mn debt commitment from DFC Entrackr

🇺🇸 Agrovision Secures $400 Million Credit Facility to Drive Global Expansion Bakersfield

🇮🇪 Drone startup Ulysses Ecosystem Engineering raises $2M to advance seagrass restoration Tech.eu

🇳🇱 After Passionfruit, UNIIQ invests €350K in Dutch agtech startup Bionomic Silicon Canals

🇨🇦 Oberland Agriscience nets new capital to scale Nova Scotia BSFL plant AgFunderNews

Team Pymwymmic. Image credit: Pymwymmic

M&A, IPOs & partnerships

🇫🇮 🇬🇧 Oddlygood snaps up alt-milk maker to put plant-based portfolio in Rude Health Green Queen

Funds, grants & accelerators

🇺🇸 BioMADE announces $26.9 million invested in 17 projects supporting U.S. bioindustrial manufacturing innovations and workforce development BioMADE

🇳🇱 Pymwymmic collects €71.5m for second fund focused on healthy food systems Venture Capital Journal

🇧🇪 Protealis secures 1.2m EUR VLAIO grants to advance local high-performing legume crop innovations in Northern Europe Protealis

🇺🇸 $2 million NSF grant funds research into insects as sustainable ‘manufacturing plants’ IU News

🇬🇧 Aviva launches carbon removal fund Impact Investor

🇪🇸 Eatable Adventures invests €2 million to reshape the future of the agrifood sector Capital Riesgo

People moves

🇺🇸 MycoTechnology appoints Rob Case as new chairman of the board MycoTechnology 

Bowery farm
Image credit: Bowery

Other news

🇺🇸 Bowery, once a leading indoor farming company valued at $2.3B, shuts down PitchBook

🇺🇸 Lifeway rejects Danone buyout, implements ‘poison pill’ Law 360

🇺🇸 ADM reports more accounting errors, cancels earnings call Agriculture Dive

🇺🇸 Watermelon Seed Milk Is The Latest Dairy-Free Innovation Plant Based News

🇺🇸 Beyond Meat returns to growth, plans to boost the balance sheet before year end AgFunderNews

🇫🇷 Bon Vivant Presents “Europe’s First” Peer Reviewed Life Cycle Analysis for Precision Fermentation Sector Vegconomist

🇺🇸 California voters reject ban on ‘factory farming’ Agriculture Dive

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REPORTING ON THE EVOLUTION OF FOOD & AGRICULTURE
REPORTING ON THE EVOLUTION OF FOOD & AGRICULTURE
REPORTING ON THE EVOLUTION OF FOOD & AGRICULTURE
REPORTING ON THE EVOLUTION OF FOOD & AGRICULTURE
REPORTING ON THE EVOLUTION OF FOOD & AGRICULTURE
REPORTING ON THE EVOLUTION OF FOOD & AGRICULTURE