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.
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
M&A, IPOs & partnerships
🇫🇮 🇬🇧 Oddlygood snaps up alt-milk maker to put plant-based portfolio in Rude Health Green Queen
Funds, grants & accelerators
🇳🇱 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
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
🇫🇷 Vegconomist
🇺🇸 Agriculture Dive
