Predictive analytics agtech startup Agrible has raised $9.7 million toward a $15.7 million Series B, and has announced a new global partnership with Anheuser-Busch InBev (AB InBev). The $6 million balance for this Series B will be closed as the timelines for the remaining partners align, according to Cynthia Bruno, chief strategy officer for Agrible, […]
Israel-based DouxMatok, a developer of flavor delivery technologies, announced the successful raising of $8.1 million led by Israel’s largest venture capital fund, Pitango, and including existing shareholders, Gil Horsky, and FoodLab Capital. GAI News first brought you news of DouxMatok in May 2015, when the company announced it was seeking $4 million in funding, and […]
Updated to include revealed investors, final closing amount, and company plans Colorado-based food tech startup MycoTechnology has raised a $35 million Series B, co-led by S2G, Bunge Ventures, and Emerson Collective. Other investors included in the round are Health for Life Capital; Seventure Partners; Middleland Capital; Tao Capital Partners; Kellogg’s venture fund, Eighteen94 Capital; Continental Grain; […]
Bayer and Boston-based bioagtech company, Ginkgo Bioworks, announced their partnership to create a new agtech company that will focus on the potential within beneficial biological-based microbes to make nitrogen more available for plants. “Accessing the microbiome is part of Bayer’s innovation strategy,” said Kemal Malik, member of the Board of Management of Bayer AG and […]
Flying SpArk, an Israel-based producer of insect protein for human consumption derived from the Mediterranean fruit fly, has been selected as one of 10 startups for IKEA’s inaugural accelerator, IKEA Bootcamp. Focused on producing a sustainable alternative to animal protein in the human diet, Flying SpArk is working to develop a line of all natural […]
The Pontifax Global Food and Agriculture Technology Fund announced its highly successful first exit through the sale of portfolio company Blue River Technology to John Deere in a deal valued at $305 million. “We think this exit is a real benchmark transaction that demonstrates the value of robotics and related technologies, and their ability to fundamentally […]
Descartes Labs, an imagery data refinery platform, announced it has raised an oversubscribed $30 million Series B led by California-based venture capital firm March Capital, and including existing customer, Cargill, and existing investors, Crosslink Capital, and Cultivian Sandbox. This funding reflects the growing size of rounds being raised in the agricultural AI and data analytics […]
Square Roots, an innovative indoor, urban farming incubator launched in Brooklyn, New York, last year by Kimbal Musk – younger brother of Tesla and SpaceX founder Elon Musk and his business partner Tobias Peggs – has closed on a Seed Round totaling $5.4 million. The round was led by New York-based Collaborative Fund that committed […]
iUNU, a Seattle-based startup that develops computer-based artificial intelligence applications for the greenhouse and indoor farming industries, announced it has raised $6 million through a round that included 2nd Avenue Partners; Initialized Capital – the firm launched by Reddit co-founder Alexis Ohanian; Liquid 2 Ventures, which was founded by NFL great Joe Montana; Fuel Capital, […]
Indiana-based Co-Alliance LLP, a partnership of agricultural cooperatives, and one of the largest agricultural companies in the U.S., has deepened its relationship with Indoor Farms of America, taking an undisclosed equity stake in the company. Indoor Farms of America, founded four years ago by a team with farming roots that reach back through multiple generations, […]
