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

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

    June 23, 2017

    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

    June 23, 2017

    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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  • $50M Indian Ocean Venture Capital Fund Launched to Leverage Chinese Capital

    June 23, 2017

    Indian Ocean Group, the corporate advisory firm of Australian brothers Domenic and Luke Martino, is launching the $50 million Indian Ocean Venture Capital Fund - the first of a potential number of specialty funds that will leverage access to Chinese capital to invest in Australian sectors including agriculture, technology, equities, and real e

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

    June 22, 2017

    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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  • Mellinger’s Minutes: Executives in Transition

    June 22, 2017

    Non-Traditional Player Alert - Top Talent - I was contacted this morning by a former senior government figure seeking her next role in the agriculture sector. She had a sense that there may be dynamic and novel types of board and management roles to be found among investors, private equity, venture capital, and agtech non-traditional players w

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

    June 21, 2017

    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

    June 21, 2017

    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

    June 20, 2017

    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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  • New Player Finds Market Niche in Agri Commodity Services

    June 20, 2017

    By Michelle Pelletier Marshall Arcadia Group, a global commodity trading house, primarily focused on the energy markets and headquartered in London, UK, has found a new niche in the agricultural space that has this non-traditional player starting up a risk management solutions company called Arcadia Agri. It will service small and mid-size ag

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  • Blumar Investing $150M in Chilean Salmon Farms

    June 19, 2017

    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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