PE Giant KKR Backs European Cow Monitoring Startup in Ringing Agtech Endorsement
By Gerelyn Terzo, Global AgInvesting Media In a flex for the agtech industry, private equity giant KKR is among the investors backing an innovative company. KKR is investing in smaXtec, a Graz, Austria-based provider of agri-tech solutions for the global dairy industry, alongside other backers including tech investor Highland Europe. The c
Read moreFMC Ventures Faces Reorg, Layoffs Amid Agtech and Corporate Headwinds
By Gerelyn Terzo, Global AgInvesting Media FMC Corporation's venture capital arm, FMC Ventures, has suffered a setback. The firm is facing a restructuring in the face of a disconnect between VC funding and agtech's potential. Formed in 2020, FMC Ventures was launched to invest in startups and early-stage companies developing emerging techn
Read moreGerman Food-Tech Startup Targets Food Security With €35M Capital Injection
By Gerelyn Terzo, Global AgInvesting Media Formo, a Berlin, Germany-based food biotech company, has clinched EUR 35 million (US$36 million) in a quasi-equity venture debt loan from the European Investment Bank (EIB). The funding, which was provided as part of the InvestEU program, will help the company to scale its fermentation processes f
Read moreSyngenta Crop Protection and AI-Partner Enko Achieve Milestone Toward Sustainable Weed Control
By Gerelyn Terzo, Global AgInvesting Media Swiss agtech giant Syngenta Crop Protection alongside partner Enko, an AI-informed crop health company, has reached a key milestone toward sustainable weed control solutions. Through a multi-year weed-control collaboration, Syngenta and Enko have advanced new molecules, building on the success of
Read moreMondelēz International’s VC Arm Joins in Fundraising Round for Israeli Cocoa Tech Startup
By Gerelyn Terzo, Global AgInvesting Media After overhauling its venture capital arm earlier this year, Mondelēz International is making moves. The company's venture capital arm, Mondelēz's SnackFutures Ventures, has reportedly joined in the latest fundraising round for cocoa-tech startup Celleste Bio. Based in Misgav, Israel, Celleste B
Read moreFour Growers Secures $9M in Series A Round for AI-Powered Crop Harvesting Robots
By Gerelyn Terzo, Global AgInvesting Media Four Growers, a Pittsburgh, Pennsylvania-based AI-robotics startup, has secured $9 million in its latest fundraising round. The company, which is Series A, will direct the proceeds toward scaling its flagship GR-100 robot and an expansion push into North America and internationally, including Euro
Read moreScottish Biotech Biotangents Secures £2.3M, Looks to Revolutionize Dairy Farming
By Gerelyn Terzo, Global AgInvesting Media Biotangents, an Edinburgh, Scotland-based biotech startup, has raised £2.3 million (US$2.9 million) in a Series A round. The proceeds will be directed toward bolstering the scale of its on-farm diagnostic device designed to identify disease in dairy cows. Led by St Andrews-based Eos Advisory and
Read moreQ&A: Canada’s Cascadia Seaweed Raises C$4M in Series A for West Coast Expansion and Innovation
By Gerelyn Terzo, Global AgInvesting Media Cascadia Seaweed, a British Columbia-based processor of seaweed-derived ag products, has raised C$4 million (US$2.8 million), marking the first close of a Series A funding round. Representing both new and returning investors, the roster of backers included WWF Impact, Vere Ventures, Potato Impact
Read moreEuropean Agri-Tech Company Elicit Plant Secures $48M in Series B to Bankroll US Expansion
By Gerelyn Terzo, Global AgInvesting Media France-based agri-biotech company Elicit Plant has secured a stunning $48 million in a Series B fundraising round, inching closer to greater U.S. market penetration. The company, which also has operations in Brazil, has developed biosolutions for broad acre crops, helping farmers to protect their
Read moreThe ‘Tesla of Ag’ Vertical Farming Startup Secures $150M in Extended Series B Round
By Gerelyn Terzo, Global AgInvesting Media Oishii, a U.S.-based indoor farming technology startup that specializes in high-end strawberries, has reportedly secured $150 million in a Series B fundraising round. Led by climate fund Resilience Reserve, the round also extended to Miyako Capital as well as NTT, Bloom8, McWin Capital Partners, M
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