Reflections on 2023 AgTech Trends
By S2G Ventures This is the first installment of a series looking back on our report, "Trends Shaping the Future of Food in 2023." 2023 was a tough year for startups. It was the warmest year on record, and emissions from fossil fuels hit a new high. Geopolitical turmoil, inflation, rising interest rates, hesitant corporate customers, c
Read moreFuture Food Fund II Announces Final Close at €40M
By Lynda Kiernan-Stone, Global AgInvesting Media More food tech news out of Europe. Dutch agrifood tech impact investor Future Food Fund II (FFF II) announced its final close at €40 million (US$43.11 million) with the support of aligned entrepreneurs and other high-profile backers such as the European Investment Fund (EIF) - which commit
Read moreElanco Sells Aqua Business to Merck in $1.3B Deal
By Lynda Kiernan-Stone, Global AgInvesting Media After a year-long review process, Elanco Animal Health announced it has agreed to sell its aqua business to Merck Animal Health for approximately $1.3 billion in cash. Generating about $175 million in revenue and an approximate $92 million in adjusted EBITDA, the business includes product
Read morePlanet A Foods Raises $15.4M Series A for Cocoa-Free Chocolate
By Lynda Kiernan-Stone, Global AgInvesting Media Chocolate is almost universally loved. But the cocoa industry has been long-beset with challenging issues – economic, environmental, and social – including climate change, deforestation, child labor issues, and smallholder producers earning barely the price of a candy bar per day. In
Read moreSaga Robotics Gains $11.5M for US and UK Expansion
photo credit: Saga Robotics By Lynda Kiernan-Stone, Global AgInvesting Media As agtech steps up to develop and provide sustainable solutions for the future of agriculture, Norway-based Saga Robotics has successfully closed on $11.5 million in growth capital. This funding was committed by existing investors Nysnø Climate Invest
Read moreTall Grass Fund I Adds Farm Credit Canada as a Key Investor
By Lynda Kiernan-Stone, Global AgInvesting Media Tall Grass Ventures, a Canadian investment firm with a focus on early-stage agri-food tech startups, announced it has welcomed Farm Credit Canada (FCC) as one of the largest investors in its inaugural fund - Tall Grass Fund I. “Tall Grass is excited to have the support of FCC as w
Read moreInari Closes on $103M Series F For its SEEDesign™ Platform
By Lynda Kiernan-Stone, Global AgInvesting Media I have been sharing the successes of mission-driven seed breeding technology company Inari for about six years, and now I get to share that the company has closed on $103 million in Series F funding, bringing total equity raised to-date to over $575 million. In a show of enduring confi
Read moreElo Life Systems Closes on Oversubscribed $20.5M A2 Round for Molecular Farming Platform
By Lynda Kiernan-Stone, Global AgInvesting Media Less than a year after food tech company Elo Life Systems (Elo) closed on a $24.5 million Series A, the company announced it has now closed on an oversubscribed $20.5 million A2 round led by DCVC Bio and Novo Holdings, bringing total capital raised to-date to $45 million. Other part
Read moreProtealis Closes Oversubscribed EUR22M Series B for Sustainable Plant Protein Seed Solutions
By Lynda Kiernan-Stone, Global AgInvesting Media In recent years, concerns associated with animal protein production and consumption have increasingly come to the fore, including antibiotic resistance, sustainability, animal welfare, food-borne illnesses, and perhaps most pressingly, the environmental impact of such production systems. The
Read morePhageLab Gains $11M to Bring Bacteriophage Solutions to the Livestock Industry
By Lynda Kiernan-Stone, Global AgInvesting Media This is the second time in a matter of weeks that we hear news of investments being made to advance bacteriophage technologies. Santiago, Chile-based PhageLab announced it has closed on $11 million in funding from Nazca, Collaborative Fund, Water Lemon Ventures, and individual investor Kevin
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