24 - 29 July, 2022
Stay up to date with the most recent news, investments and partnerships regarding the agrifood tech industry and sustainability.
IPOs, M&As & Investments:
Enko, the crop health company, announced $70 million in Series C funding, bringing the company's overall capital to $140 million to date. Global agrochemical company Nufarm led the round as part of an expanded partnership to bring innovative products to their core markets.
Kitchen United raises $100 million in a Series C funding round led by Kroger, Circle K & others. Thanks to the investment, the ghost kitchen operator will expand from 15 locations to more than 500 over the next five years.
Agtech's Arable, announced it has raised $40 million in series C financing. The company will use the new funding to advance climate resilience in agriculture by accelerating product development, delivering new services for customers and expanding its global footprint.
French biotech startup Core Biogenesis recently completed a $10.5M Series A funding round. The funds will be used to build out an industrial-scale facility dedicated to expanding production and HR.
German FoodTech startup Root Global raised €2.5 million to help companies along the food value chain make business decisions that lead to sustainable carbon reduction and climate-friendlier consumer products.
Plant-based food producer Bandit, formerly known as Conscious Cultures Creamery, has raised $1.5 million in a seed funding round. The capital will be used to continue scaling up its production processes and growing its consumer base.
Copenhagen-based Agreena has announced its acquisition of UK-based Hummingbird Technologies. It’s a move that reflects the influence that tech startups are having in fueling the green transition and sustainability across Europe.
Funds & Accelerators
Agrifood tech early-stage investment fund Radicle Growth has announced the launch of The Radicle Farm, a global farm-access platform to accelerate the development of early-stage companies developing new on-farm technologies
The Good Food Accelerator Program led by DayDayCook and Brinc will invest $10 million in 45 food tech companies working to address global food sustainability, specifically bringing game-changing tech to Asia’s food systems.