Stay up to date with the most recent news, investments and partnerships regarding the agrifood tech industry and sustainability.
IPOs, M&As & Investments:
Venture capital firm Lightbox Ventures announced on Tuesday that it has participated in the Series D funding round of fresh-produce distributor WayCool Foods and Products. The company is seeking up to $120 million one of the largest raise for an agritech startup to date.
Agritech startup AgroStar has raised USD 70 million (around Rs 527 crore) from Evolvence, Schroders Capital, Hero Enterprise and UK's development finance institution CDC to expand its business.
NadaMoo! announces it has secured almost $10 million in a Series B round. The Austin, Texas-based pioneer of dairy-free ice cream plans to continue the expansion of distribution, focusing on increased marketing and product development
Robotic vision and intelligence maker Photoneo has raised $21 million in a Series B funding round. The capital is aimed at accelerating the development of the company’s 3D sensor technologies and enabling the expansion of its newest business unit, Brightpick.
Grupo Bimbo is the lead investor in a Series A funding found for LiveKuna, a manufacturer of natural products made from superfood ingredients including quinoa and chia. No details were given on the amount of the funding round or how much
London-headquartered agtech firm Gardin has raised $10.8 million in a seed funding round. The funding will be used to further develop the entire product lineup, and continue to market the technology to greenhouses and vertical farms across Europe and North America.
Mighty bags an extra £4.5 million seed plus round, bringing the total funding for the startup to £8 million. Funds are being earmarked for international expansion, alongside bringing a new precision fermentation-based plant milk to market in early 2022.
Serve Robotics, the autonomous sidewalk delivery robot spinout of Postmates (which itself was acquired by Uber), has announced a $13 million expanded seed round of funding.
Pieter Pot, the fully circular e-grocer launched in 2019 in Rotterdam, has just received a €9 million investment boost led by ETF Partners.
REEF Technology, an operator of ghost kitchens and proximity hubs, announced it has acquired 2ndKitchen, a provider of turnkey food service to hotels, offices, buildings, and other hospitality businesses.
News & Trends:
Bayer and grain-marketing startup Bushel have teamed up with Amazon‘s Web Services (AWS) to launch Project Carbonview – a data-based carbon measurement tool aimed at helping farmers to better assess and report the carbon footprint of their produce across the supply chain.