By Lynda Kiernan-Stone, Global AgInvesting Media The strategic business development and investment arm of Yamaha Motor Co., Yamaha Motor Ventures, has led a $7.5 million Series A for Verge Ag. Additional participants in the round included Fall Line Capital, SP Ventures & Artesian/GrainInnovate. Headquartered in Alberta, Canada, Verge Ag is a precision ag startup that […]
By Lynda Kiernan-Stone, Global AgInvesting Media Warakirri Asset Management (Warakirri), a multi-boutique management firm that is one of the largest ag investment managers and operators in Australia, announced that its Warakirri Diversified Agriculture Fund has made its fifth investment – the acquisition of the Chromy Estate Vineyard and Winery in the Tamar Valley, Tasmania’s oldest […]
By Lynda Kiernan-Stone, Global AgInvesting Media 301 INC, the venture arm of General Mills, is committing a combined $15 million to two early-stage venture capital funds dedicated to supporting food enterprises led by women of color as part of General Mills’ dedication to promoting racial and gender equality through economic opportunity. These two vehicles will […]
By Lynda Kiernan-Stone, Global AgInvesting Media Bunge and CoverCress Inc. (CCI) announced a unique, long-term commercial partnership to bring a new renewable oilseed and animal feed crop that is ideal as a lower carbon intensity feedstock for renewable fuel production to market. Cover crops have generally been background noise in agricultural production. However, they have […]
By Lynda Kiernan-Stone, Global AgInvesting Media Mondelēz International announced its agreement to acquire Ricolino, the leading confectionery business in Mexico, from Grupo Bimbo for $1.3 billion. With four manufacturing facilities, 6,000 employees, and annual revenue of approximately $500 million, Ricolino produces and distributes a range of lollipops, marshmallows, chocolates, gunnies, and other confectionery products under […]
photo credit: Inseco By Lynda Kiernan-Stone, Global AgInvesting Media South African startup Inseco closed on $5.3 million in Seed funding led by Futuregrowth Asset Management via its Futuregrowth Development Equity Fund. The round, which is one of the largest Seed rounds closed in South Africa’s history, also included E4E Africa, Oak Drive Ventures, and additional […]
By Lynda Kiernan-Stone, Global AgInvesting Media Riverstone Holdings and Piva Capital have co-led a $65.5 million Series D for Anuvia Plant Nutrients (Anuvia) in support of commercialization of the company’s SymTRX™ XP line of field-ready bio-based fertilizers for large-scale agriculture. Also participating in the round were Morgan Stanley Investment Management, LK Advisers – the Mittal […]
By Ben Palen, Ag Management Partners Some Updates Since July 2021 Some nine months ago, I opined that farmland had become an “investment du jour”. That was meant to suggest that increasing numbers of investors, ranging from retail to institutional levels, were realizing the benefits of land ownership. There are few signs that its greater popularity […]
By Lynda Kiernan-Stone, Global AgInvesting Media Saudi Arabian agtech startup Red Sea Farms announced it has raised $18.5 million in strategic growth capital in support of its one-of-a-kind technology that enables commercial scale farming using a sustainable low energy, zero freshwater, climate-controlled model. This round, which brings total funding to-date for the company to $36.5 […]
By Lynda Kiernan-Stone, Global AgInvesting Media The Public Sector Pension Investment Board (PSP Investments) has moved to consolidate two of its majority-owned Australian broadacre cropping businesses, bringing together BFB and Daybreak Cropping to create one of the leading cereal growing operations in the country. With 41 farms across 10 aggregations spanning four states, the resulting […]
By Lynda Kiernan-Stone, Global AgInvesting Media The Norwegian Investment Fund for Developing Countries (Norfund) has made an $8 million growth capital investment in South Africa-based raisin processor and distributor Redsun Dried Fruit and Nuts (Redsun). Majority owned by One Thousand & One Voices (1K1V), a Denver-based private equity fund of which the limited partners are […]
photo credit: UPSIDE Foods By Lynda Kiernan-Stone, Global AgInvesting Media UPSIDE Foods (formerly Memphis Meats) has raised the largest funding round in the cultivated meat space to-date, closing on a $400 million Series C co-led by Temasek and Abu Dhabi Growth Fund (ADG). This round, which brought UPSIDE Foods’ valuation to more than $1 billion, […]
