AGRI3 Fund Secures $13.5M Investment From GEF
By Lynda Kiernan-Stone, Global AgInvesting Media The AGRI3 Fund had a bang of a launch at the beginning of 2020 when during the World Economic Forum in Davos, Switzerland, the Dutch Ministry of Affairs and Rabobank both announced their cornerstone investments of $40 million each. Created by the UN Environment Programme, together w
Read moreNew Zealand’s Halter Raises NZ$85M
By Lynda Kiernan-Stone, Global AgInvesting Media New Zealand-based Halter’s platform is doing it all - improving the well-being of livestock, increasing sustainability and efficiency in farming, reducing labor workloads, protecting the environment, and raising productivity. The company’s AI-driven application, in combination w
Read moreManulife IM Acquires 55,000 Ac. of Timberland From Sonoco for $72M
By Lynda Kiernan-Stone, Global AgInvesting Media Timberland and agriculture investment manager Manulife Investment Management (Manulife IM) has acquired 55,000 acres of timberland in South Carolina from global sustainable packaging company Sonoco for $72 million in cash. Manulife IM manages a timberland portfolio of truly global p
Read moreVytelle Closes $20M Series B to Accelerate Cattle Genetics
By Lynda Kiernan-Stone, Global AgInvesting Media Precision livestock company Vytelle has closed on a $20 million Series B that will fund the company’s continued work of advancing cattle genetics and reshaping how cattle producers optimize their herds. Led by Calgary-based Forage Capital Partners, a growth equity fund focused on
Read moreAgreena Closes €46M Series B for Regenerative Ag Digital Platform
By Lynda Kiernan-Stone, Global AgInvesting Media Only one year after it closed on a €20 million (US$21.8 million) Series A, climate and fintech company Agreena announced it has now successfully completed a €46 million (US$50 million) Series B led by German multi-stage investor HV Capital. Reflective of a high level of confiden
Read moreOntario Teachers’ Acquires Controlling Stake in Australia’s Largest Potato Grower
By Lynda Kiernan-Stone, Global AgInvesting Media Ontario Teachers’ Pension Plan (Ontario Teachers') has acquired a controlling majority stake in Mitolo Family Farms, the largest potato grower in Australia, through its Australian agriculture subsidiary AustOn Corporation. Operating 26 farms across South Australia and New South Wa
Read moreVertical Grower Local Bounti Locks Down $145M in New Funding
By Lynda Kiernan-Stone, Global AgInvesting Media Advanced U.S. indoor agricultural grower Local Bounti estimates that the U.S. market for herbs and vegetables will reach a value of $30 billion by 2025, with less than 1 percent of that produce currently being produced through indoor systems. For Local Bounti, which was launched in
Read moreCooke Agrees to Acquire Iconic Slade Gorton
By Lynda Kiernan-Stone, Global AgInvesting Media Cook Inc. announced it has agreed to acquire Slade Gorton, one of the largest manufacturers, distributors, and importers, of fresh and frozen seafood in the U.S. (Do you remember the jingle… “Trust the Gorton’s fisherman” ?) Headquartered in Waltham, Massachusetts, with a
Read morePrecision Ag Company Braiin Going Public Via SPAC at $215M Valuation
By Lynda Kiernan-Stone, Global AgInvesting Media Already revenue and EBITDA positive and positioned for growth, Australian end-to-end precision and ag analytics company Braiin Limited announced its plans to go public via a SPAC agreement with Northern Revival Acquisition Corporation (NRAC). “Partnering with Northern Revival Acqu
Read moreMahindra Acquires 100 Percent of M.I.T.R.A, Omnivore Exits
By Lynda Kiernan-Stone, Global AgInvesting Media Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES) announced it has acquired 100 percent of MITRA Agro Equipments Private Limited (M.I.T.R.A) by increasing its holding from 47.33 percent to 100 percent. Consequently, in connection with this deal, Omnivore has been fully bought out
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