Agtech

  • UAE’s Pure Harvest Raises Over 60 Pct of Seed Round; Welcoming Interested Investors

    UAE-based agtech enabled arid climate agribusiness Pure Harvest Smart Farms (Pure Harvest) announced it has raised over 60 percent of a $4.5 million seed round and has made appointments to its advisory board. Co-founded by Silicon Valley private equity investor Sky Kurtz and his Emirati business partner Mahmound Adi, and backed by Abu Dhab

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  • Nestlé Partners with Rabobank, RocketSpace in Food and Ag Accelerator

    Nestlé USA announced it has partnered with global financial services provider and leading agriculture, food, and beverage investment bank, Rabobank, and San Francisco-based technology campus RocketSpace to foster food and agtech startups through the Terra Food + AgTech Accelerator. Launched last summer, the Terra Food + AgTech Accelerator

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  • RMG Concept Ltd. Acquires AgDevCo’s Babator Farming Company

    West African agribusiness group RMG Concept Ltd. announced it has acquired a 70 percent stake in the Babator Farming Company (BFC) for a total investment of $1.75 million. Established by AgDevCo Ghana, a division of British social impact investor and agribusiness project developer AgDevCo, BFC is a 356-hectare irrigated farming company that

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  • JBS to Sell World’s Largest Cattle Feeding Operation; Top EU Poultry Producer

    Brazil’s JBS, the largest meatpacker in the world, announced its plans to divest non-core assets with the goal of raising US$1.8 billion in order to reduce the group’s debt. The announcement follows an industry scandal that left J&F Participações (J&F), the holding company of JBS, agreeing to pay more than $3 billion in fines und

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  • Growth Being Sought Through Premium Wine Asset Acquisitions

    News broke this week that Constellation Brands, the third biggest wine company in the U.S. market, had agreed to acquire the ultra-premium Napa Valley winery Schrader Cellars for an undisclosed amount. The bulk of Schrader’s wine cost a minimum of $350 upon release, launching Constellation into a new level of premium wine offerings, des

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  • Avrio Fund III Closes Sixth Investment

    Avrio Capital announced that its third agtech fund, Avrio Fund III, has closed on its sixth investment, which will add POS Bio-Sciences Inc. (POS) to the fund’s portfolio. Founded in 1977 and headquartered in Saskatoon, Saskatchewan, Canada, POS in an innovative bioprocessing company that creates value-added products and ingredients from

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  • Blumar Investing $150M in Chilean Salmon Farms

    Global fishing and aquaculture company Blumar is set to invest $150 million in salmon farming operations in the Magallanes region in the far south of Chile. Undercurrent News reports that the Blumar Board gave its approval at the end of May for the proposed Atlantic salmon farming project, which will include a processing plant and is expect

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  • Kellogg’s eighteen94 Makes Second Investment

    Kellogg’s venture capital fund eighteen94 has led a $2 million seed round for innovative plant-based smoothie company Bright Greens. The round also included Blu Venture Investors and CircleUp. Continuing Kellogg’s strategic goal of diversifying through investing in alternative breakfast options, this investment in Bright Greens marks th

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  • Amazon to Buy Whole Foods for $13.7B

    Amazon has made a massive bet on the natural and organic food sector, announcing its planned acquisition of Whole Foods in a deal worth $13.7 billion including debt.   The global e-commerce giant has agreed to pay $42 in cash per share for the organic grocer, reflecting a 27 percent premium over the stock’s price on Thursday, June 15.

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  • Chickpea Snack Company Raises High-Profile Series A

    As plant-based proteins continue to gain momentum, chickpea-based snacks have emerged at the forefront of recent private equity deals. Boston-based chickpea snack company Biena announced it has raised $3.75 million through a high-profile Series A that includes Blueberry Ventures, Centerman Capital, and New Ground Ventures; a well as Darren

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