By Gerelyn Terzo, Global AgInvesting Media Vejen, Denmark-based FarmDroid, which is behind autonomous, solar-powered agricultural robots, has secured €10.5 million (US$11.4 million) in its latest fundraising round. Led by Convent Capital, the round also extended to EIFO and Navus Ventures. FarmDroid’s robot has mastered skills like sowing, weed removal and reducing pesticide usage with a […]
By Gerelyn Terzo, Global AgInvesting Media AMERRA Capital Management has announced the sale of one of its portfolio assets. The U.S.-based asset manager, which specializes in sustainable agribusiness and renewable bio-energy, has sold Brazilian sugar mill Salto Botelho Agroenergia (SBA) to Zilor Energy and Food. Located in the prime sugarcane region of Lucélia, São Paulo, […]
By Gerelyn Terzo, Global AgInvesting Media Tokyo-based Mitsubishi Corp is betting on the ocean economy. Through its investment arm, Mitsubishi is backing Finnish aquaculture technology company Finnforel to catapult the expansion of land-based fish farming projects. Mitsubishi’s investment is part of a wider €240 million (US$260.5 million) funding round for Finnforel, GAI News has learned. […]
By Gerelyn Terzo, Global AgInvesting Media Eighteen months after closing its oversubscribed Fund II at $850 million, Boston, Massachusetts-based Solum Partners is making some moves. Solum Partners, founded by former Harvard Management Company executives, is an investment management firm focused on real assets in the agriculture and food production industry. Amid a strategy to bring […]
By Gerelyn Terzo, Global AgInvesting Media While green bonds have already made their mark in the ESG industry, a different type of debt instrument is gaining traction. In a first for France’s water sector, Saur Group has announced the pricing of €550 million (US$594.8 million) in blue bonds, which while modeled after green bonds, specialize […]
By Gerelyn Terzo, Global AgInvesting Media Icelandic-domiciled salmon farmer Laxey is advancing its sustainable, land-based aquaculture vision. With a view to build a fish farm on land in the Westman Islands to produce 32,000 tons of Atlantic salmon each year, Laxey has inked an agreement with German-based aquaculture company Baader for the delivery of processing […]
By Gerelyn Terzo, Global AgInvesting Media Making a statement in the robotics and AI revolution, Seattle, Washington-based Carbon Robotics has attracted a whopping $70 million in a Series D investment round. The fast-growing company will direct the proceeds toward growing its capital-intensive LaserWeeder business, developing software and hardware products, and expanding its manufacturing footprint. Led […]
By Gerelyn Terzo, Global AgInvesting Media In its second close and surpassing its target size achieved in March, the Blue Revolution Fund (BRF), a collaboration between Ireland-based VC firm Hatch Blue and non-profit The Nature Conservancy (TNC), has attracted €93 million (US$100.2 million) in commitments to back sustainable aquaculture technology. BRF, Hatch Blue’s sequel fund, […]
By Gerelyn Terzo, Global AgInvesting Media In a deal underpinned by regenerative agriculture practices, Iroquois Valley Farmland, a U.S.-based private real estate investment trust (REIT), has partnered with Dirt Capital to co-invest in Evergreen Ranching and Livestock. Through the deal, the investors provided financing to organic rancher Cindy Tolle to acquire over 22,000 deeded and […]
By Gerelyn Terzo, Global AgInvesting Media While GAI News has wrapped up our Asia 2024 event in Tokyo, the buzz is still alive. Among the many highlights, AgIS Capital Vice President of Acquisitions and Investment Strategy Cody Dahl presented a session on U.S. permanent cropland. With an emphasis on nut crops like pistachios, walnuts and […]
By Gerelyn Terzo, Global AgInvesting Media Blue Stripes, a U.S.-based cacao startup looking to transform the cocoa supply chain, has secured $20 million in a Series B round, attracting some high-profile backers to the deal that valued the company somewhere between $80 million-$120 million. The investor lineup included Berlin’s Zintinus, The Hershey Company as a […]
By Gerelyn Terzo, Global AgInvesting Media The AI revolution has officially made its way into the ag space. Syngenta Crop Protection, a North Carolina-based business unit of the global Syngenta Group, has entered into a partnership with Taranis, a vertical AI-powered crop-intelligence platform with locations in the U.S., Brazil and Israel. The multi-year agreement is […]
