Agtonomy Closes on Seed III Round, Brings Total Funding to $13.5M
By Lynda Kiernan-Stone, Global AgInvesting Media Hybrid autonomy and tele-assist service platform Agtonomy has successfully closed on a Seed III round, bringing total funding to-date for the startup to $13.5 million. Co-leading the round were Cavallo Ventures, the venture arm of Wilbur-Ellis, and Mirae Asset Venture Investment, the ven
Read moreUnigrains Acquires Stake in Premium Vegetable Oil Company Huilerie Cauvin
By Lynda Kiernan-Stone, Global AgInvesting Media French independent agri-food and agro-industry investor Unigrains has acquired a minority stake in Huilerie Cauvin (Cauvin), a French family-owned oil mill specializing in the production, packaging, and distribution of premium vegetable oils. Undertaken at the behest of the company’s
Read moreSanity Group Raises Largest EU Cannabis Funding Round to-Date
By Lynda Kiernan, Global AgInvesting Media German cannabis company Sanity Group announced it has raised $37.6 million in Series B funding representing the largest investment round in the EU sector to-date. Led by British American Tobacco (BAT), the round was also joined by existing Sanity Group investors including Redalpine and Snoop D
Read moreNew Funding Will Back Integrated Superfruit Grower, Marketer Agrovision
By Lynda Kiernan-Stone, Global AgInvesting Media Based in Los Angeles, but with roots firmly planted in Peru, Agrovision currently has farming operations growing blueberries, raspberries, blackberries, and table grapes in Mexico, Morocco, and in the U.S. in the state of Oregon. The company explained that the Humboldt Current flowing
Read moreHaving Gained Court Approval, U.S. Sugar Plans to Close on Imperial Sugar, Begin Upgrades
By Lynda Kiernan-Stone, Global AgInvesting Media It was in March 2021 when Louis Dreyfus Company (LDC) agreed to sell the business and related assets of Imperial Sugar Company to Clewiston, Florida-based U.S. Sugar for $315 million. Founded in 1843 in Sugar Land, Texas, (which in 1959 based its name on the company), Imperial Sugar is o
Read moreInnovafeed Closes on $250M Series D, Appoints Two New Leadership Positions
By Lynda Kiernan-Stone, Global AgInvesting Media Paris-based insect protein leader Innovafeed has closed on a $250M Series D, bringing total capital raised by the company to-date to $450 million. Led by Qatar Investment Authority (QIA), the round also included agribusiness giants Archer Daniels Midland (ADM) and Cargill, both of which h
Read moreSub-Saharan Poultry Company Flow Equity Closes on $14M from AgDevCo, Others
By Lynda Kiernan-Stone, Global AgInvesting Media Flow Equity has a successful business model. Mainly operating in Ethiopia via its subsidiary EthioChicken and Rwanda through its subsidiary Uzima Chicken, Flow Equity’s primary product is high-yielding, day-old chicks (DOC). Taking a unique approach, the DOC are sold in a package inclu
Read moreProlific Machines Emerges From Stealth With “Massively Oversubscribed” Seed, Series A Rounds
By Lynda Kiernan-Stone, Global AgInvesting Media Next-gen biotechnology startup Prolific Machines has emerged from stealth announcing multiple “massively oversubscribed” funding rounds totaling $42 million. Pre-Seed funding had been previously committed by Po Bronson, managing director, IndieBio and general partner, SOSV, who incub
Read moreLDC to Acquire Emerald Grain From Roc Partners Associated Entity Longriver Farms
By Lynda Kiernan-Stone, Global AgInvesting Media Louis Dreyfus Company Asia Pte. Ltd. (LDC) has entered into an agreement with Longriver Farms, an associated entity of Roc Partners, for the acquisition of Emerald Grain - a leading grain handler in Australia - for an undisclosed sum. Longriver Farms came into ownership of Emerald in lat
Read moreAurora Cannabis Acquires Control of Leading North American Vegetable Supplier Bevo Farms for C$45M
By Lynda Kiernan-Stone, Global AgInvesting Media Global cannabinoid leader Aurora Cannabis announced it has acquired a majority stake in Bevo Farms, one of the largest suppliers of propagated vegetables and ornamental plants in North America, for C$45 million (US$33.4 million). Under the terms of the deal, over the three years following
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