By Lynda Kiernan-Stone, Global AgInvesting Media Advanced U.S. indoor agricultural grower Local Bounti announced it has secured $23.3 million in funding through a PIPE (private investment in public equity) agreement with existing investors Fidelity Management & Research Company, BNP Paribas, additional unnamed existing backers, and management. This agreement follows a year after the company closed […]
By Lynda Kiernan-Stone, Global AgInvesting Media Leading sustainable food and agribusiness investor Arable Capital Partners has expanded its footprint in the fresh fruit segment through a new partnership with BlazerWilkinsonGee (BWG), a leading grower, packer, and shipper of premium strawberries in North America, and David Sullivan, industry veteran and co-founder of Pacific Trellis Fruit. Arable […]
photo credit: AgroSpheres By Lynda Kiernan-Stone, Global AgInvesting Media Founded in 2016 by COO Payam Pourtaheri and CTO Ameer Shakeel, AgroSpheres’ mission is to dramatically improve the delivery of pesticides, making them more effective, cheaper, and more environmentally-friendly. But, the company recognizes that biologicals are currently faced with three key bottlenecks: cost, performance, and stability. […]
By Lynda Kiernan-Stone, Global AgInvesting Media Soil is a living ecosystem; home to billions of microorganisms that all factor into our ability to achieve the highest potential in crop production. However, despite its critical role, we still know far less about soil than we do about the crops it grows. Further complicating the relationship and […]
By Lynda Kiernan-Stone, Global AgInvesting Media The Saudi Agricultural and Livestock Investment Company (SALIC) and Minerva Foods have acquired the Australian Lamb Company (ALC) for AUD400 million (US$2523.3 million). SALIC originally agreed to acquire a 20 percent stake in Minerva in December 2015 for $188.4 million. This stake was later raised to 33.83 percent in […]
By Lynda Kiernan-Stone, Global AgInvesting Media Just like the evidence of rising atmospheric CO2 levels first reported in the 1950s, there is now increasing evidence that synthetic nitrogen is correlated to the degradation of farm soils. And as food demand increases, so does the use of synthetic nitrogen, degrading more soils and intensifying the threat […]
By Lynda Kiernan-Stone, Global AgInvesting Media Los Angeles-based private equity firm Pacific Avenue Capital Partners has acquired the sunflower and roasted snacks business of SunOpta in a $16 million deal. Based in Crookston, Minnesota, this business division is a leading integrated provider of sunflower seeds, chickpeas, and other nutritious snacks. Business-related assets acquired through this […]
By Lynda Kiernan-Stone, Global AgInvesting Media Australian global forestry and ag investment manager New Forests and its partners – British International Investment (BII), Norfund, and Finnfund – have agreed to launch a dedicated African fund – the African Forestry Impact Platform (AFIP) with subscription agreement commitments of $200 million. This official launch follows a prior […]
By Lynda Kiernan-Stone, Global AgInvesting Media Agtech startup AgriWebb understands that there’s a distinct difference between record keeping, and being a data-driven livestock business. On its path to becoming the number one livestock business management tool available, the startup announced an expansion to its Series B funding round, having secured an additional AUD$10 million (US$6.7 […]
By Lynda Kiernan-Stone, Global AgInvesting Media British Columbia-based Cascadia Seaweed is an innovative Canadian startup focused on kelp farming – an activity the company calls “the definition of regenerative aquaculture” – as it is renewable, uses no fresh water, fertilizers, pesticides, or arable land, and sources all required nutrients directly from the sea. Cascadia stated […]
By Lynda Kiernan-Stone, Global AgInvesting Media Manulife Investment Management (MIM) has acquired two permanent crop farming assets in Fresno, California, on behalf of investors, including a 500-acre almond, pistachio, and citrus orchard, and a second pistachio orchard of approximately 900 acres. These assets will be added to MIM’s existing portfolio of 400,000 acres of managed […]
By Lynda Kiernan-Stone, Global AgInvesting Media Cultiv8 Funds Management (Cultiv8) has partnered with global investment manager Findante for the launch of the Cutliv8 Agriculture and Food Technology Fund. With a target size in place of $100 million, the fund is launching with a cornerstone investment from Fidante parent company Challenger Limited as a foundation for […]
