Agtech

  • Monsanto Growth Ventures Leads Series A for Agtech Startup, FarmLead

    Monsanto Growth Ventures (MGV) had led a $6.5 million Series A for Ottawa, Canada-based agtech startup, FarmLead. Others in the round include Avrio Ventures, the MaRS Innovation Accelerator Fund, and Serra Ventures. Founded in 2013, FarmLead has established an online cash grain marketplace, where through its platform, grain buyers and selle

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  • SproutX Announces Close on Agtech Fund at $10M

    Australian agtech startup accelerator and co-working innovator, SproutX, announced a first close on its SproutX Venture Capital Fund at A$10 million. The backing for the fund, which is managed by Artesian Venture Partners, is being committed by Artesian and from the superannuation fund Hostplus. This funding will back SproutX’s 2017 accel

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  • Carolina AgTech Accelerator Pours $10M Into Crop Fungicide Startup

    The Research Triangle Park, N.C.-based AgTech Accelerator has revealed agtech startup Boragen as its maiden investment. Boragen develops a fungicide that targets fungi to bolster crop yields, all while using a sustainable farming approach. The AgTech Accelerator and its investors are backing the startup with a $10 million Series A investment.

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  • Iowa AgriTech Accelerator Ushers in New Investors, Raises $700,000

    The Iowa AgriTech Accelerator, which is a product of the Greater Des Moines Partnership and Iowa’s Cultivation Corridor, has attracted a trio of new investors to commit $100,000 each, bringing the tally of investors to seven, and the total capital raised to $700,000.  All of the investors are from the private sector. The new investors --

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  • Blockchain: Ag’s Next Problem Solver?

    Blockchain, which is the technology fueling digital currencies such as Bitcoin, has made its way into the agriculture sector, and industry participants ranging from major corporations to startups are embracing it. Blockchain gets avocados and pork chops from the farm to the table with greater speed and security than has been possible until

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  • Farmers Business Network Announces $40M Series C

    Farmers Business Network Inc. (FBN), the company behind the independent farmer-to-farmer network built to connect farmers and allow for the sharing of data, insights, and information critical to agronomic decision making, announced a $40 million Series C led by GV (formerly Google Ventures), and including DBL Partners, Bow Capital, Acre Ventu

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  • Land O’Lakes Hunts Farmer Drone Solution With $150k Challenge

    Land O’Lakes has launched a challenge for tech innovators to develop a complete drone solution -- including both hardware and software -- for farmers. Land O’Lakes, which has partnered with HeroX and the University of Minnesota for the challenge, will award $150,000 across a single grand prize and a pair of runners-up who meet the coop’s

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  • TechAccel, Iowa Corn Opportunities Invest in Agrivida

    TechAccel, a venture and developmental partner focused on the agriculture, animal health, and food sectors, and Iowa Corn Opportunities, the equity funding arm of the Iowa Corn Growers Association, have jointly announced separate investments in St. Louis-based biotech animal nutrition company Agrivida Inc. "TechAccel and Iowa Corn Opportun

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  • Jain Irrigation Acquires Australian Agtech Company, Observant

    India-based Jain Irrigation Systems Ltd. announced its fourth overseas acquisition, having agreed to acquire Australian agtech company Observant for an undisclosed amount. Through the deal, Jain Irrigation will acquire the technology and core team of Observant, which provides in-field hardware and cloud-based applications for precision farm

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  • Ag-Tech Funding Falls Amid Broader VC Pullback

    Venture capital funding in the agtech market slowed in 2016, falling by 30 percent to $3.2 billion versus 2015 levels, and interrupting three consecutive years of rising investments, according to AgFunder, a San Francisco-based online investment platform for agtech. The pullback, which hit bioenergy, drone technology, and food delivery star

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