by Lynda Kiernan ColorPoint, the sixth largest commercial greenhouse operation in the U.S., announced it is transitioning to a hemp-only company and is merging operations with vertically integrated hemp company AgTech Scientific to become a leader in indoor/outdoor hemp production and products. Founded in 2015 by a small group of Canadians, AgTech Scientific began as […]
by Lynda Kiernan Equanimity Ventures has led a $2 million funding round for Mumbai-based agricultural supply chain aggregator, FreshVnF. GVFL and Manish Choksi, the executive vice chairman of Asian Paints Ltd., also participated in the round, which was the first funding raised by the company. Founded only last year by Atul Kumar, Vikas Dosala, Sumit […]
by Lynda Kiernan For the second time in a month, Canopy Rivers, a cannabis-focused investment and operating platform, has made an agtech investment in a Finistere portfolio company. In its latest deal, Canopy Rivers has invested $10 million and forged a strategic collaboration with ZeaKal, a California-based plant genetics innovator, in exchange for an 8.7 […]
by Lynda Kiernan Israeli food tech startup DouxMatok announced it raised a $22 million Series B to fund the scale-up of its sugar reduction solution. The round was led by Singapore’s BlueRed Partners, and included a string of strategic investors – Südzucker AG, the largest sugar company in the EU; Royal DSM, a global leader […]
(photo courtesy of IGS) by Lynda Kiernan S2G Ventures has led a £5.4 million (US$6.8 million) Series A for Scottish agtech startup Intelligent Growth Solutions (IGS) to advance the company’s ground-breaking automated technology for the indoor farming industry. The Scottish Investment Bank (SIB) and AgFunder also participated in the round. Based in Dundee, IGS offers […]
(photo courtesy of InFarm) by Lynda Kiernan Berlin, Germany-based urban farming startup InFarm has raised $100 million in equity funding and debt financing through a round led by London-based Atomico. Existing investors Balderton Capital, Astanor Ventures, and Cherry Ventures also participated, while TriplePoint Capital provided nearly all of the debt. Founded in 2013 by Osnat […]
by Lynda Kiernan Biopesticide developer Vestaron announced it has raised a $40 million Series B led by Novo Holdings, and including continuing investors Anterra Capital, Cultivian Sandbox, Open Prairie Ventures, and Pangaea Ventures. “This is Novo Holdings’ first investment in biocontrols, specifically, and agtech more broadly,” said Anders Spohr, senior director at Novo Holdings. “We believe […]
by Lynda Kiernan Britain’s Ocado, the world’s largest online grocery retailer, has made its first venture into vertical farming with a pair of agreements representing a total investment of £17 million (US$22 million). Infinite Acres As a way to diversify its tech solutions business, Ocado announced a memorandum of understanding that will found a three-way […]
by Lynda Kiernan The IFC, a member of the World Bank Group, and TLcom, an Africa-focused venture capital firm, have co-led a $10 million funding round for Twiga, a Kenyan agtech startup that uses mobile phone technology to align supply and demand in Africa’s large, but fragmented fruit and vegetable market. Other participating investors include those […]
by Lynda Kiernan Tel Aviv-based agtech startup Agritask has raised $6 million from the InsuResiliance Investment Fund, an investment vehicle established for the German government by KfW Development Bank and managed by Swiss impact investment manager BlueOrchard Finance. This round represents the largest funding for the company to-date. Through its one-of-a-kind agronomic geo-management platform, Agritask’s […]
