Rhythm® Superfoods, maker of organic and non-GMO plant-based snacks, announced it has closed on a $6 million Series D led by General Mills’ venture capital unit, 301 Inc., and including the CircleUp Growth Fund and Blueberry Ventures. This is a return for 301 Inc., which led a $3 million Series C for the company one […]
Brazil’s Amaggi Group and Louis Dreyfus Co. announced that they have agreed to sell a 33 percent stake in their existing Brazilian joint venture to Japan’s Zen-Noh Grain Brazil, making Zen-Noh an equal partner in the venture. The partnership between Amaggi and Louis Dreyfus dates back to 2009 when it was launched under the name […]
At the beginning of January, Gladstone Land President and CEO David Gladstone stated that the company had a large-scale deal in the pipeline that would be announced before the end of the month – and so it has. The real estate investment trust (REIT) announced that it has acquired 3,750 acres of organic farmland in […]
Eighteen94, the venture capital unit of Kellogg’s, announced its first investment, taking the lead in a $4.25 million Series A for Kuli Kuli, a manufacturer and distributor of moringa-based bars, powders, and energy shots. Additional investors in the round include S2G Ventures and InvestEco. Kuli Kuli was founded in 2013 in Oakland, California by CEO […]
Moringa SICAR SCA, an €84 million (US$89 million) investment vehicle initiated by Edmond de Rothschild Private Equity and ONF International to invest in high impact agroforestry projects in sub-Saharan Africa and Latin America, has invested in Tolaro Global, the leading cashew processor in Benin. Founded in 2008, Tolaro processed 2,500 tons of cashews last year […]
FarmLogs, an Ann Arbor, Michigan-based farm data management platform provider, has raised $22 million in a Series C led by new investor, Naspers Ventures, and including Drive Capital, Huron River Ventures, Hyde Park Venture Partners, SV Angel, and Y Combinator president, Sam Altman. Founded in 2011 and a graduate of the Y Combinator startup accelerator, […]
BRF SA, Brazil’s largest meatpacker, and Qatar’s sovereign wealth fund have acquired Banvit, the largest poultry producer in Turkey in a deal that values the company at $470 million. Under the terms of the deal BRF and Qatar Investment Authority (QIA) have formed a joint venture through which BRF will control a 40 percent interest […]
Chinese state-backed conglomerate, CITIC Ltd. and private equity firm, Carlyle Group have acquired an 80 percent stake in McDonald’s mainland China and Hong Kong business for US$2.08 billion. Under the terms of the deal, CITIC and its investment unit, CITIC Capital Holding, will gain a controlling interest of 52 percent, while Carlyle will hold 28 […]
China Mengniu Dairy Company Limited is moving to secure 91 percent control of China Modern Dairy – the largest dairy farming company by herd size and the largest producer of raw milk in China, through two deals with a combined total value of just over $1 billion. Already in control of a 25.4 percent stake […]
The European Investment Bank (EIB) is lending €50 million (US$53 million) to Mlekpol, Poland’s largest dairy manufacturer under the European Fund for Strategic Investments (EFSI) – a key component of the European Commission’s €315 billion Investment Plan for Europe. Based in Grajewo, Poland, the 2,200-employee co-operative plans to use the funding for the construction of […]
