By Lynda Kiernan-Stone, Global AgInvesting Media Global alternative investment manager Investcorp has acquired a majority stake in Sunrise Produce, a leading wholesale produce distributor based in Southern California, for an undisclosed amount. For Investcorp, this deal provides strong exposure to a high-potential segment of the food supply chain. The U.S. fruit and vegetable market, which […]
By Lynda Kiernan-Stone, Global AgInvesting Media Massachusetts-based, mission-driven seed breeding technology company Inari announced it closed on another $124 million in Series E funding, successfully completing its latest fundraise and bringing cumulative capital commitments to the company to $475 million. This round reflects strong support for the company from new investor Canada Pension Plan Investment Board […]
By Lynda Kiernan-Stone, Global AgInvesting Media Hybrid autonomy and tele-assist service platform Agtonomy has successfully closed on a Seed III round, bringing total funding to-date for the startup to $13.5 million. Co-leading the round were Cavallo Ventures, the venture arm of Wilbur-Ellis, and Mirae Asset Venture Investment, the venture unit of South Korea-based Mirae Asset […]
By Lynda Kiernan-Stone, Global AgInvesting Media French independent agri-food and agro-industry investor Unigrains has acquired a minority stake in Huilerie Cauvin (Cauvin), a French family-owned oil mill specializing in the production, packaging, and distribution of premium vegetable oils. Undertaken at the behest of the company’s family shareholders, this transaction is happening at a point when […]
By Michelle Pelletier Marshall, Global AgInvesting Media Over 100 years of management expertise in fixed income investing, fund management, capital allocation, underwriting, servicing, and workouts are behind the strength of new venture Lending Acres, LLC (Lending Acres), an alternative lending platform for American agriculture businesses. This creative company is a joint venture between ARMOUR Capital Management […]
By Lynda Kiernan, Global AgInvesting Media German cannabis company Sanity Group announced it has raised $37.6 million in Series B funding representing the largest investment round in the EU sector to-date. Led by British American Tobacco (BAT), the round was also joined by existing Sanity Group investors including Redalpine and Snoop Dogg’s Casa Verde Capital, […]
By Lynda Kiernan-Stone, Global AgInvesting Media Based in Los Angeles, but with roots firmly planted in Peru, Agrovision currently has farming operations growing blueberries, raspberries, blackberries, and table grapes in Mexico, Morocco, and in the U.S. in the state of Oregon. The company explained that the Humboldt Current flowing along the western coast of Peru […]
By Lynda Kiernan-Stone, Global AgInvesting Media It was in March 2021 when Louis Dreyfus Company (LDC) agreed to sell the business and related assets of Imperial Sugar Company to Clewiston, Florida-based U.S. Sugar for $315 million. Founded in 1843 in Sugar Land, Texas, (which in 1959 based its name on the company), Imperial Sugar is […]
By Lynda Kiernan-Stone, Global AgInvesting Media Five years after the success of its first fund, Capagro I, the pioneer European agtech and food tech venture capital fund, Capagro announced the launch of Capagro Agri-Food Innovation Fund II (Capagro II) with €200 million (US$192.52 million) to support the growth of the most promising startups in the […]
By Lynda Kiernan-Stone, Global AgInvesting Media Paris-based insect protein leader Innovafeed has closed on a $250M Series D, bringing total capital raised by the company to-date to $450 million. Led by Qatar Investment Authority (QIA), the round also included agribusiness giants Archer Daniels Midland (ADM) and Cargill, both of which have strategic partnerships in place […]
By Lynda Kiernan-Stone, Global AgInvesting Media Flow Equity has a successful business model. Mainly operating in Ethiopia via its subsidiary EthioChicken and Rwanda through its subsidiary Uzima Chicken, Flow Equity’s primary product is high-yielding, day-old chicks (DOC). Taking a unique approach, the DOC are sold in a package including the necessary feed and vaccines to […]
By Lynda Kiernan-Stone, Global AgInvesting Media Next-gen biotechnology startup Prolific Machines has emerged from stealth announcing multiple “massively oversubscribed” funding rounds totaling $42 million. Pre-Seed funding had been previously committed by Po Bronson, managing director, IndieBio and general partner, SOSV, who incubated the startup from IndieBio while they de-risked the early science. “Prolific was a […]
