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Aussie Crop Health Monitoring Startup FluroSat Raises A$1.5M

  • Aussie Crop Health Monitoring Startup FluroSat Raises A$1.5M

    January 4, 2018

    Australian agtech startup FluroSat announced it has raised A$1.5 million (US$1.2 million) in funding through a round including CSIRO Main Sequence Ventures, AirTree Ventures, and the Cotton Research and Development Corporation (CRDC) of Australia. The startup also has secured a number of grants with the assistance of Cicada Innovations and it

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  • Firmenich Acquires Category Pioneer, Natural Flavors

    January 4, 2018

    Firmenich, the largest privately owned flavors and fragrances business in the world, announced it has acquired New Jersey-based organic and natural flavors business Natural Flavors for an undisclosed amount. Founded in Geneva, Switzerland, in 1895, Firmenich is a leader in the global flavors and fragrances industry, committing 10 percent of

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  • Amundi Launching US$180M Italian Agri-Food Debt Fund

    January 4, 2018

    French asset manager Amundi is launching a €150m (US$180M) private debt fund backed by luxury Italian agri-food products such as Parma ham and Parmesan cheese. The fund is targeting between 10 and 20 investments averaging 10 million Euro each, according to Private Debt Investor. Under the structure of the fund, the firm will invest in pri

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  • Nuritas Targets U.S. with $20M Series A

    January 4, 2018

    Nuritas, an Ireland-based food and biotech company, has raised $20 million through a Series A backed by Cultivian Sandbox. Founded in 2014 by mathematician and computational biologist Dr. Nora Khaldi, the company, which is based in Dublin and which was awarded Forbes’ Thrive Accelerator award, uses artificial intelligence, deep learning,

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  • Israel’s SuperMeat Raises $3M to Advance Lab-Created Chicken

    January 2, 2018

    Israel-based biotech startup SuperMeat, a company dedicated to developing cultured meats in a laboratory setting, has raised a Seed round of $3 million backed by U.S.-based venture capital fund New Crop Capital, mission-focused venture capital firm Stray Dog Capital, and European poultry producer PHW. Founded in Tel Aviv in 2015, SuperMeat

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  • Hershey Captures Greater Share of Snacking Market with $1.6B Cash Acquisition

    December 29, 2017

    Hershey has expanded its position in the snacking market with the acquisition of Amplify Snack Brands Inc. for $12 per share, or $1.6 billion. The all-cash deal is indicative of the strategic plan of consolidation in the face of dwindling returns and expanding beyond chocolate for new Hershey CEO Michele Buck following Hershey’s rejectio

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  • After Divesting SAF Portfolio, AgCAP’s Focus for 2018 – Dairy

    December 28, 2017

    In March 2017 AgCAP, the fund manager of Australia’s Sustainable Agriculture Fund (SAF), decided to divest the portfolio when after seven years as cornerstone investors – a collection of Australian superannuation funds including AustralianSuper – made the decision to exit the fund. The collective move placed AgCAP in the position of l

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  • FarmWise Raises $5.7M to Advance Autonomous Weeding Technology

    December 28, 2017

    San Francisco-based FarmWise has raised $5.7 million in seed funding through a round led by venture fund Playground, and backed by Felicis Ventures, Basis Set Ventures, and Valley Oak Investments. The company also announced that Bruce Leak, the co-founder of WebTV and investor of QuickTime, will be joining its Board of Directors. Founded in

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  • Cooke Aquaculture Announces $500M Omega Protein Acquisition

    December 22, 2017

    New Brunswick, Canada-based seafood giant Cooke Aquaculture has announced its largest deal to date in the U.S. with the acquisition of Omega Protein, a Houston, Texas-based fishing company that sources omega oils and nutritional proteins, for $22 per share, or $500 million. "It's the single largest acquisition [our] company has ever made,

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  • GAI News – Looking Forward and Back: Top 10 Stories of 2017

    December 22, 2017

    Hello Readers, Do you feel the same as me? That each year passes more rapidly than the last? As the final days of 2017 approach, there is an innate desire to simultaneously look back upon the meaningful developments of the past 12 months, and to look forward to the exciting possibilities that await us in the new year. In ancient Rome th

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