Mycorena Raises Largest Ever Alt Protein Series A in the Nordic Region
By Lynda Kiernan-Stone, Global AgInvesting Media Sweden’s Mycorena has done it again. Last July, the startup completed a Pre-Series A round raising SEK 77 million (US$9 million), marking one of the largest funding rounds for a Nordic vegan food tech startup made to-date, and bringing total funding for the company to SEK 100 million (U
Read moreAmsterdam’s Source.ag Raises $10M in Seed Funding for AI-Driven Indoor Farms
photo credit: Source.ag By Lynda Kiernan-Stone, Global AgInvesting Media The increase in demand across Europe during the global pandemic for organic foods and foods produced without the use of chemical inputs, along with a drop in cost for LED lighting, are examples of two factors driving growth for indoor farming across the EU, which is
Read moreTastewise Secures $17M to Bring AI-Driven Insight to the Food and Beverage Industry
By Lynda Kiernan-Stone, Global AgInvesting Media In February 2019 Israeli startup Tastewise announced the launch of its AI-powered intelligence platform designed to predict rapidly changing food trends and consumer tastes. Founded by former Google exec Alon Chen, and Eyal Gaon, Tastewise’s platform is able to “capture food innovati
Read moreBank of America is First Corporate Global Financial Institution to Invest in ABC Fund
By Lynda Kiernan-Stone, Global AgInvesting Media Bank of America announced it has made a $5 million capital commitment to the Agri-Business Capital Fund (ABC Fund), marking the first investment in the fund from a corporate global financial institution. Managed by Palladium’s asset management business Bamboo Capital Partners, The ABC
Read moreIn Ovo Raises EUR34M Series B to Stop Culling Male Chicks Through In-Egg Identification
By Lynda Kiernan-Stone, Global AgInvesting Media Founded in 2013 and spun-off from Leiden University, Dutch Agtech startup In Ovo was launched for the purpose of ending the culling of male chicks. Whether organic, free-range, or cage-free, the process remains the same. Since male chicks don’t lay eggs, and do not quickly grow like hens
Read moreBunge North America, Chevron Finalize $600M Renewable Fuel JV
By Lynda Kiernan-Stone, Global AgInvesting Media Bunge North America is partnering with Chevron Corp, a subsidiary of Chevron U.S.A., in a joint venture for the production of feedstocks used in the production of renewable diesel and sustainable aviation fuel. Definitive transaction agreements have been signed that outline the parameter
Read moreAgDevCo Raises $90M to Advance Agribusiness Across Sub-Saharan Africa
By Lynda Kiernan-Stone, Global AgInvesting Media Impact and socially responsible investing has gained serious traction in recent years, however, it is estimated that there remains a $2.5 trillion (with a “t”) gap between current impact investing levels and what is needed to achieve the UN’s Sustainable Development Goals (SDGs). As
Read moreFinland’s Onego Bio Raises EUR10M in Seed Funding to Make Eggs Without Chickens
By Lynda Kiernan-Stone, Global AgInvesting Media Finland-based cellular ag startup Onego Bio announced it has successfully closed on EUR10 million (US$11.2 million) in Seed funding through a round involving venture capital investors Agronomics Limited, and Maki VC. Eggs are one of the most commonly used animal proteins. Global egg pr
Read moreLaguna Bay Fund II Secures A$350M From WSIB; Laguna Subsidiary BidCo Offers A$32M for Angel Seafood
By Lynda Kiernan-Stone, Global AgInvesting Media Tim McGavin, founder and CEO of Laguna Bay, told GAI News in a former 2020 interview, “I would say that Laguna Bay’s origination edge comes from our strong reputation and broad networks amongst the agricultural community. We are a private, staff-owned firm with long-term patient capita
Read moreWorld’s Largest Salmon Farmer Offers $1.55B for Rival
By Lynda Kiernan-Stone, Global AgInvesting Media Norway’s Mowi ASA, the largest salmon farmer and producer of Atlantic salmon in the world, has made an offer of 13.8 billion kroner (US$1.55 billion) to acquire rival NTS ASA. Mowi alone meets 20 percent of the global demand for farm-raised Atlantic salmon. The company has 12,000 emplo
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