iFarmer, an agriculture finance and supply chain platform in Bangladesh, closes six-figure investment from Falcon Network and Accelerating Asia Ventures to transform farmer livelihoods, as reported by Salaam Gateway. The company bundles finance with agriculture inputs, advisory services, insurance and market access for the farmers. Established in 2018, iFarmer is driven by the passion to […]
Pontifax AgTech Management, a California based firm which invests in technology used in the food and agriculture sector, closed its second fund, Pontifax Global Food and Agriculture Technology Fund II, with commitments totaling $302m. The predecessor fund closed in 2017 with $105 million. Pontifax AgTech invests globally in growing businesses that improve agricultural productivity, nutrition, […]
Despite volatility in the current economic landscape, PeaTos® snack brand continues to disrupt the $21B market for salty “junk food” style snacks currently dominated by industry Goliath Frito Lay, and has completed a $7M Series A raise led by Jackson Springs Management Partners (JSMP) and Connetic Ventures, and including such celebrity investors as Hall of […]
Farmer’s Business Network, Inc., a US based agtech firm with a mission to power the prosperity of family farmers around the world by helping them maximize their profit potential, has closed a $250m Series F funding round. The round was led by BlackRock Inc., with participation from new investors Baron Capital Group, Balyasny Asset Management […]
Tel Aviv-based agricultural intelligence company Taranis-Visual Ltd. raised $30 million in a series C round led by Vertex Growth, K3 Ventures, and Japanese multinational Hitachi Group. Taranis is led by a vision to bring precision and control to the agriculture industry across the world, helping growers to maximize and stabilize yield from their crops. Overseeing […]
The Agtech Growth Fund (AGF) is a research and development (R&D) funding program designed to accelerate the commercialization of game-changing technological innovations in the province’s agricultural sector. Through AGF, Innovation Saskatchewan (IS) provides non-repayable grants to projects that address a specific industry challenge. “Growing our ag economy is a key part of Saskatchewan’s Growth Plan […]
Mori, which focuses on preventing food waste, has raised a $12 million Series A led by Acre Venture Partners, with participation from investors including Prelude Ventures, The Jeremy and Hannelore Grantham Environmental Trust, and ACCELR8 as well as returning investors The Engine, Refactor Capital, Closed Loop Partners, Blindspot Ventures, and The Fink Family Foundation. The […]
The question, “What happens if one day a person cannot eat?” was lingering in the minds of Directors, Yiru Shen and Jeannie Ong, when they started a specialised FoodTech startup, SilverConnect. The company was founded in 2017 with the intent to enhance nourishment for the elderly and relieve their caregivers from the daily burden of […]
Agtech venture Agxio has secured a £750,000 equity to support its ambitious growth plans. The £750,000 equity investment comes from a mix of existing investors and the Development Bank of Wales alongside match funding from new professional investors. “We are delighted to be working with the Development Bank of Wales who were always our preferred key strategic partner for the […]
Israeli precision irrigation system company Saturas has introduced the completion of first part of a Series B funding round of $3 million. The financing round was from former investors Gefen Capital and Hubei Forbon Technology alongside a new investor, the Trendlines Agrifood Fund. “We believe that Saturas’ unique technology for measuring stem water potential is […]
Arieli Capital has signed a cooperation agreement with Ramat Negev Regional Council and Ramat Negev Industries, for the establishment of an agri-tech innovation center, within the jurisdiction of the regional council in southern Israel. The objective of the innovation centre is to expand the economic potential of the region’s agricultural sector and the agricultural research […]
Greeneye Technology, a leading AgTech company with a focus in precision agriculture, announced that it closed a seed funding round of $7 million, led by Jerusalem Venture Partners (JVP) and participation from Syngenta Ventures, 2B Angels, One Way venture, Panache Ventures Techstars, and Hyperplane Venture Capital. The company is based in Tel-Aviv, Israel and was […]
Cape Town-based Aerobotics, uses aerial imagery from drones and satellites, and blends them with machine learning algorithms. This helps in early problem detection and offer personalised solutions to tree and wine farmers and optimise crop performance. The startup’s cloud-based application Aeroview provides farmers with insights, scout mapping and other tools to mitigate damage to tree […]
Insurance Australia Group Limited (IAG) is the largest general insurance company in Australia and New Zealand. The Group’s businesses underwrite almost $12 billion of premium per annum, selling insurance under many leading brands. IAG, Australia’s largest general insurer, made the investment in Digital Agriculture Services (DAS) through its $75 million venture capital fund Firemark Ventures. […]
Abu Dhabi’s, ADQ has agreed to acquire a 50 per cent stake to buy 50% stake in agri-food specialist Al Dahra Holding. Al Dahra is a prominent multinational leader in agribusiness, specializing in the cultivation, production and trading of animal feed and essential food commodities and end-to-end supply chain management. Serving a large customer base […]
The Yield Technology Solutions (“The Yield”), a leading Australian agricultural technology company, received investment of AUD $11 million, led by Yamaha Motor Ventures. Yamaha Motor Ventures is the strategic business development and investment arm of global technology organisation, Yamaha Motor Co., Ltd. The Yield is developing its proprietary digital application providing microclimate data and predictive […]
Abu Dhabi-based Al Dahra Holding has signed a deal to cultivate and supply essential crops and forage across Bulgaria. The memorandum of understanding (MoU) was signed with Bulgaria-based AJD Agro and includes alfalfa and other grasses. Al Dahra previously invested in the country through Loulis Mills, the Greek-based flour miller, which acquired the largest flour […]
Hershey is looking to divest its high-flying jerky brand KRAVE along with its artisan chocolates Scharffen Berger and Dagoba, Hershey CEO Michele Buck told analysts. KRAVE, a high-end jerky and meat snack company that Hershey acquired for $220 million in 2015, had failed to meet company’s expectations. These are great brands that continue to resonate […]
Plantible uses duckweed, a tiny aquatic leaf, to extract a plant-based protein ingredient that will eventually allow food companies to make animal-based products into plant-based products. The offering would be attractive to companies that make baked goods or protein powder, and thus use lots of egg whites as part of their creation process. Plantible claims […]
Growthwell, a leading manufacturer of plant-based alternatives for meat and seafood for the South East Asian market, announced that it has raised US$8 million in a funding round led by Temasek, with other investors DSG Consumer Partners, Insignia Ventures, Genesis Ventures, Brandify and Mr Koh Boon Hwee participating. The proceeds from this funding round will […]
THE Alliance for a Green Revolution in Africa (AGRA) has invested $2.5 Million to boost the share capital of the Agri-Business Capital Fund (ABC Fund). The ABC Fund is a initiative of AGRA, the European Commission through its EU-ACP agreement, the Luxemburg Government and the International Fund for Agricultural Development (IFAD) to support sustainable and inclusive agricultural […]
For centuries, African farmers across the continent have grown cassava. But Zambia’s cassava growers were not deriving as much out of the crop as was possible. Farmers in the southern African country used low-quality planting materials and suffered from poor harvests leading to hunger and poverty across many of the country’s villages. To tackle this […]
The Bee Corp, an Indiana agtech startup developing solutions for growers and beekeepers who rely on commercial pollination, receives $250K investment from IU Philanthropic Venture Fund. The company uses infrared cameras that attach to a smartphone to provide a noninvasive look at the health of the hive. This investment arrives despite widespread uncertainty due to […]
Inari Agriculture, a Cambridge-based agtech startup that crafts “personalized seeds” for farmers, raised $45 million in a loan and security agreement with K2 HealthVentures (K2HV), a life sciences-focused investment firm.This round complements the $89 million the company raised in equity last August. It will be used to accelerate the development and commercialization of gene-edited crops […]
