Deal Tracking

  • Constellation Moves Deeper into U.S. Market with Craft Beer Acquisition

    International producer and marketer of beer, wine and spirits - Constellation Brands, which also happens to be the third largest beer company in the U.S. and parent company to mega-popular brands such as Corona and Modelo- announced its acquisition of Florida craft beer brewer Funky Buddha for an undisclosed amount. Founded in Boca Raton in

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  • Indian Supply Chain Management Startup Raises $1.5M Seed Round

    Indian agtech farm-to-business (F2B) startup Crofarm raised a Rs 10 cr (US$1.5 million) seed round that included U.S.-based Factor[e] Ventures, Mukul Singhal and Rohit Jain, former principals at SAIF Partners; angel investor Himanshu Aggarwal; co-founder and CEO of Aspiring Minds, Ashish Gupta; and vice president at Paytm, Sunil Goyal, among

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  • U.S. Frozen Food Giant Makes Significant Investment in Shrimp Farming

    U.S. frozen food giant Schwan's Company has made a significant undisclosed investment in Ralco-backed trū Shrimp Systems. Through the investment, the companies have formed a strategic partnership designed to advance land-based shrimp production. Although both companies are based in Marshall, Minnesota, the joining of the two global distri

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  • Dupont Acquires Farm Management Software Company Granular

    Various outlets are reporting that Dupont Pioneer has acquired farm management software platform startup Granular. Terms have not been officially disclosed, however AgFunder is reporting a value of $300M. The transaction marks a successful exit in the sector as Granular had raised over $24M to date in two rounds, the second being a $18.7

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  • Gladstone Land Acquires Vegetable Farm in Florida for $9.7 Million

    Gladstone Land Corporation announced that it has acquired a 1,910-acre farm in Okeechobee, Florida, for $9.7 million. Upon acquisition, Gladstone Land entered into a 6-year lease agreement with Cabbage, Inc., for a 6-year, triple-net lease that includes two extension options. "We are privileged to acquire more farmland in Florida and partner

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  • Crop Pro Insurance Closes $8 Million Series A

    Des Moines, Iowa-based Crop Pro Insurance has announced the close of an $8 million Series A round of financing co-led by top agriculture investors Finistere Ventures and Seed 2 Growth Ventures (S2G). Established insurance provider GuideOne Insurance also joined the round. Crop Pro will use the investment to expand its team and speed the dev

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  • Mexichem Takes 80 Percent Stake in Israeli Irrigation firm Netafim

    In a deal valued at approximately $1.5B, Mexican industrial group Mexichem has agreed to buy an 80 percent stake in Israeli irrigation firm Netafim. Mexichem is acquiring the majority stake currently owned by private equity and buyout firm Permira, and smaller stakes from Israel's Kibbutz Magal and Kibbutz Hatzerim, which will remain a min

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  • TerraVia Declares Bankruptcy, Corbion Makes $20M ‘Stalking Horse’ Bid

    TerraVia, a pioneering producer and developer of algae-based ingredients, has filed for bankruptcy under Chapter 11, and has agreed to a buyout by Corbion, a Dutch ingredients and bio-based product supplier, through a $20 million 'stalking horse' stock and asset purchase agreement. “Stalking horse” bids are often used to hold off low b

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  • Temasek Leads $75M Round for Impossible Foods’ Plant-Based Burgers

    Redwood City, California-based Impossible Foods announced it has raised $75 million in a round led by Singapore’s sovereign wealth fund, Temasek, and including Open Philanthropy Project, Bill Gates, Khosla Ventures, and Horizon Ventures. Building on previous rounds including a $108 million round raised in 2015 that was led by UBS and incl

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  • Wamda Capital Leads $10.3M Series A for Kenya’s Twiga Foods

    Wamda Capital has led a $10.3 million Series A for Kenya-based Twiga Foods - a disruptor of the food and ag supply chain that was launched with the goal of resolving the fragmentation in the produce market in order to generate value and returns for producers, vendors, and consumers. Other investors in the round, which was comprised of $6.3

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