GrowUp Secures £38 Million From Generate Capital for Vertically Farmed Leafy Green Production
July 22, 2024
By Gerelyn Terzo, Global AgInvesting Media GrowUp, a London-based vertical farm startup, has secured a £38 million (US$49.1 million) investment from Generate Capital, a San Francisco-headquartered sustainable infrastructure platform, to produce locally grown, pesticide-free greens. GrowUp will direct the proceeds, which represent Generate
Read moreJapan’s SMTB Builds on Local Trend to Back Aussie’s Laguna Bay Fund 2
July 22, 2024
By Gerelyn Terzo, Global AgInvesting Media Building on a trend set in motion by the Development Bank of Japan (DBJ), Sumitomo Mitsui Trust Bank (SMTB) has committed to invest in Laguna Bay Fund 2, overseen by Brisbane, Australia-based Laguna Bay Group. Tokyo's SMTB has signed on as an impact equity investor as part of a broader strategy in
Read morePlenty and Alpha Dhabi Subsidiary Partner for Vertical Strawberry Farms in GCC
July 19, 2024
By Gerelyn Terzo, Global AgInvesting Media San Francisco-based farming startup Plenty Unlimited has formed a joint venture with Mawarid Holding Investment, an Alpha Dhabi Holding subsidiary, in the UAE for fresh strawberry production using its vertical farming technology. The companies have committed to investing a total of $680 million ov
Read moreDevelopment Bank of Japan Backs Seviora Capital’s Inaugural Agri-Food Tech Fund
July 18, 2024
By Gerelyn Terzo, Global AgInvesting Media The Development Bank of Japan (DBJ) has announced an investment into the Seviora Future of Food and Farming (T3F) Feeder Fund LP, the first of its kind for Asia-based investment manager Seviora Capital, an indirect wholly owned subsidiary of Temasek Holdings. The strategy, which was originally lau
Read moreAgtech Startup Permia Sensing Secures £150K in Latest Seed Round
July 17, 2024
By Gerelyn Terzo, Global AgInvesting Media One agtech startup has just moved closer to its vision of improving the lives of coconut growers around the world. Permia Sensing, a London-based company whose agriculture and monitoring solutions detect Red Palm Weevil (RPW) larvae growing in coconut palm trees, has raised £150,000 (US$195,041)
Read moreVC Firm Cultivation Capital Introduces $20 Million Agtech Fund Amid Dealflow Optimism
July 17, 2024
By Gerelyn Terzo, Global AgInvesting Media Cultivation Capital, a St. Louis-based venture capital firm, is feeling optimistic about market conditions for agtech deals. According to a U.S. SEC filing, the firm has introduced the Cultivation Capital AgTech Fund IV for a total offering amount of $20 million, with a minimum allocation from out
Read moreLaxey Secures EUR 6 Million Private Placement to Advance Land-Based Salmon Hatchery
July 15, 2024
By Gerelyn Terzo, Global AgInvesting Media Iceland-based Laxey, a sustainable operator of land-based fish farms in Vestmannaeyjar, also known as the Westman Islands, has successfully completed an EUR 6 million equity private placement to finance the construction of phase two of its head-on gutted (HOG) land-based salmon production facility
Read moreFiera Comox and New Zealand’s Ngāi Tahu Form JV for Softwood Forest Production
July 15, 2024
By Gerelyn Terzo, Global AgInvesting Media Montreal-based Fiera Comox Partners, an affiliate of Fiera Capital Corporation with $3.3 billion-plus in assets under management, has entered into a joint venture with Ngāi Tahu Holdings for the development of a forestry estate on the West Coast of New Zealand, South Island. According to the term
Read moreAlgeria Lands $455 Million Deal With Italy’s BF for Regenerative Ag Development
July 15, 2024
By Gerelyn Terzo, Global AgInvesting Media In what Bonifiche Ferraresi (BF) has dubbed "the most important Italian agro-industrial project on the Southern shore of the Mediterranean," the nation of Algeria and BF have partnered for a $455 million agriculture initiative. The deal, which is designed to strengthen food security in the North A
Read moreeAgronom Attracts €10 Million to Its Coffers Amid Sustainable Farming Push
July 12, 2024
By Gerelyn Terzo, Global AgInvesting Media Estonia-based eAgronom, an agtech company specializing in climate technology, has attracted EUR 10 million to its coffers in a Series A2 equity round led by Swedbank AB. Of the total investment, eAgronom netted EUR 4.2 million from a booster round that took place last year, which has since been co
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