Categories
FoodTech Fund Raise

ProfilePrint, a Singapore-based A.I.-powered food fingerprint platform, quadrupled its clients in 12 months and closes Series A round comprising the world’s largest food ingredient conglomerates

ProfilePrint, a patented food ingredient A.I. fingerprint platform, announced the closing of its Series A funding round at a valuation over three times its pre-series A round last year. ProfilePrint is seeing accelerated growth with four times more clients compared to a year ago for its food ingredient A.I. fingerprint solution driven by strong demand […]

Categories
Agriculture AgTech BioTech Precision Agriculture

Saffron Tech Challenges Iranian 1,000-Year Monopoly on the Lucrative $1B Saffron Market

Saffron Tech, an Israeli wholly owned subsidiary of Seedo Corp., announced its technology for automated, year-round saffron growing, is challenging the global Iranian monopoly on saffron supply of 90-95% of world demand, which has been in place for the past 1,000 years! The reason Iran was the dominant player in supplying 90-95% of world demand […]

Categories
AgTech Digital Solutions e-Commerce Fresh Produce

AgTech startup, Nile has traded a whopping 1m Kg of fruit and vegetables within 5 weeks of launch

Nile Marketplace, a B2B e-commerce platform that enables direct trades between producers and entities that sell to consumers, has taken the agricultural industry by storm as it reportedly traded a whopping one million kilograms of fruit and vegetables via its online platform within a mere five weeks of launching. Founded in February 2020 by a […]

Categories
Agriculture AgTech Fund Raise Supply Chain

AgTech platform Gramophone raises $3.4m in new funding

Gramophone, an AgTech platform that helps farmers achieve better yields by providing information and input planning, has raised US$3.4 million (INR 25 crore) in a funding round led by Siana Capital. Company’s existing investors Info Edge, Asha Impact and Better Capital also participated in this round. Founded in 2016 by IIT and IIM Ahmedabad graduates […]

Categories
Agriculture Commodities Fund Raise Grains

Indian agritech startup Arya bags $ 21 Mn In Series B Round

Indian agritech startup Arya has raised USD 21 million in a mix of equity and debt in a Series B funding round from a clutch of investors, including Quona Capital, alongside existing investors LGT Lightstone Aspada and Omnivore. Arya provides post-harvest services across the agricultural value chain, including warehousing, warehouse receipt financing, rural storage discovery, […]

Categories
Agriculture AgTech Blockchain Traceability

BlockApps launched a blockchain-based agri crop tracking network

BlockApps launched, TraceHarvest, an Ethereum-based Agritech network in collaboration with Bayer Crop Science, the leading technology innovator in the agriculture industry. TraceHarvest is the first blockchain solution of its kind to track and trace the full lifecycle of agricultural products starting from seeds, all the way to defining the responsibilities of each party involved in […]

Categories
Agriculture AgTech Blockchain Commodities

Mastercard announced a collaboration with GrainChain

Mastercard announced a collaboration with GrainChain, an AgTech company solving the complex challenges facing the global agricultural industry at every stage of the supply chain. The partnership is expected to bring integrity to supply chains, tracing more than 24 commodities, such as coffee, sorghum and grain, in the United States, Mexico and Central America. “The […]

Categories
Agriculture Business Plan Commodities Events Fund Raise

2021 Grains Innovation Fund is now open for applications

Grain Farmers of Ontario is the province’s largest commodity organization, representing Ontario’s 28,000 barley, corn, oat, soybean and wheat farmers. The crops they grow cover 6 million acres of farm land across the province, generate over $4.1 billion in farm gate receipts, result in over $18 billion in economic output and are responsible for over […]

Categories
Bankruptcy Commodities

Phoenix Commodities has gone into liquidation after amassing $400m in potential trading losses

Phoenix Commodities, a trader of agricultural products with offices in Dubai and Singapore, is being liquidated after amassing more than US$400 million (S$567 million) in potential trading losses. It was valued at $1.1bn-$1.24bn as recently as January, according to a document filed by its provisional liquidators.. The Phoenix Group, which was registered in the British […]

Categories
AgTech Blockchain

Blockchain for Food and Agriculture

Blockchain is an emerging technology allowing universal transactions among distributed parties, without the need of intermediaries. Blockchain is not a single technology but uses a combination of technologies that have a considerable history in computer science and in commercial applications like public/private key cryptography, cryptographic hash functions, database technologies especially distributed databases, consensus algorithms, and […]