Agtech

  • Winnow Raises US$7.4M Round to Scale Up its Fight of Commercial Food Waste

    UK-based Winnow Solutions, a tech developer of smart solutions that help commercial kitchens reduce food waste, announced it has secured its latest US$7.4 million growth capital round led by Circularity Capital, Mustard Seed, and D-Ax. This round follows upon an oversubscribed US$3.3 million Series A for the company led by Mustard Seed and

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  • AgDevCo Invests $3M in Rwandan Poultry Company

    UK-based social impact and sub-Saharan-focused investor AgDevCo announced it has invested $3 million in Rwandan poultry company Uzima Chicken Ltd. Uzima is an early stage poultry operation that was developed by U.S.-based investor Flow Equity, which also launched a sister company EthioChicken in Ethiopia. Currently operating out of facilit

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  • Japanese Ag Drone Company Nileworks Raises US$7M

    Nileworks, a Japanese agtech company focused on the development of hyper-precise agricultural spray drones, announced the successful raising of 800 million yen (approximately US$7 million). Involved investors include Japan’s National Institute of Industrial Innovation, Kumiai Chemical Industry Co., Sumitomo Corporation and its subsidiary Sum

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  • Update: MycoTechnology Closes Series B Oversubscribed at $42M

    Colorado-based mushroom-focused food tech startup MycoTechnology announced that it has officially closed its Series B round of funding oversubscribed at $42 million. In mid-September the company announced it had successfully raised  a $35 million round co-led by S2G, Bunge Ventures, and Emerson Collective. Other investors included in the r

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  • Leonardo DiCaprio Invests in Plant-Based Meat Producer Beyond Meat

    Plant-based meat alternative producer Beyond Meat announced the addition of Leonardo DiCaprio as an investor in the company and as an advocate. DiCaprio joins an impressive list of existing investors including Bill Gates, Kleiner Perkins Caufield and Byers, the Humane Society of the United States, and Biz Stone and Evan Williams - the two

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  • With BFG Backing, Caulipower Grows U.S. Retail Presence

    Boulder Food Group (BFG) has invested $2 million in Seed funding in Caulipower - maker of a frozen cauliflower-based pizza crust that is not only gluten-free, but more nutritious than typical gluten-free options. Founded by Gail Becker, a mother of two boys with Celiac, a disorder where gluten causes damage to the small intestines, Caulipow

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  • Verlinvest Leads $6M Series C for Veeba Foods

    Leading Indian condiments company Veeba Foods has successfully raised a $6 million Series C led by Verlinvest, the investment holding company of Anheuser-Busch InBev’s founders. The round also included Samaa Capital, DSG Consumer Partners, and new investor, Sixth Sense Ventures, with Verlinvest accounting for $4 million of the total round.

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  • EBRD Acquires 13 Percent Stake in Romanian Agribusiness

    The European Bank for Reconstruction and Development (EBRD) announced it has acquired a 13 percent stake in Agricover Holding - a Romanian agribusiness owned by Iranian investor Jabbar Kanani for RON 32 million (US$8.3 million).  The deal, which values the group at US$63.7 million, is expected to close by the end of this year. Agricover H

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  • Kellogg Spends $600M to Acquire Better-for-You Protein Bar Maker

    Kellogg Company continues to rail against flagging sales and shifts in consumer demand by spending large amounts of capital to diversify its business interests into categories that align with convenience and health-conscious options. The company’s most recent move under its new CEO Steve Cahillane was announced this week as it agreed to a

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  • BASF Acquires Majority of Bayer Seed and Herbicide Business in $7B Deal

    As part of its planned acquisition of Monsanto, Bayer has agreed to divest significant portions of its seed and non-selective herbicide business to BASF in a US$7B all-cash deal. This deal marks the entrance of Germany’s BASF, the third largest player in the crop chemical industry, into the global seeds space - a sector that the group had

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