Weekly AgTech and FoodTech Update
AgFunderNews provides an overview of the latest fundings, mergers, acquisitions, closures, and noteworthy developments in the fields of agtech and foodtech.
Funding News
🚀 Green Rebel Foods has successfully raised $12.5 million aimed at expanding its range of plant-based meats. Source: Asia Business Outlook
🇮🇳 BigHaat is gearing up for global expansion with a new capital infusion of $10 million, targeting an ambitious $1 billion annual revenue. Source: AgFunderNews
🇯🇵 Nippon Agriculture, a Japanese apple grower and exporter, has secured $8.4 million in a Series C funding round. Source: Investing in Ag
🇸🇬 Polybee has completed a funding round raising $4.3 million to enhance its automation capabilities in yield forecasting and pollination using ‘physical AI agents.’ Source: AgFunderNews
🇦🇺 Agovor raised AU$3 million in a pre-seed round to further develop its autonomous horticulture robotics. Source: iGrow News
🇬🇧 The Bland Company has raised $2.7 million to innovate with plant proteins sourced from agricultural side streams. Source: AgFunderNews
🇺🇸 CryoBio closes a funding round totalling $1.3 million to advance its innovative approach to frost protection in orchards. Source: AgFunderNews
🇺🇸 Ecovia Bio has announced an expansion in biopolymer production facilitated by new funding. Source: Plastics Today
Mergers & Acquisitions
🇳🇱 DSM-Firmenich is set to sell its animal nutrition unit to CVC in a deal valued at $2.6 billion. Source: WSJ
🇺🇸🇳🇱 Refresco has acquired plant-based food maker SunOpta for $1.1 billion. Source: Food Dive
🇮🇳 Marico acquires a majority stake in the plant-based protein startup Cosmix for $25 million. Source: Green Queen
🇺🇸🇹🇷 Uber has acquired Getir’s Turkish delivery business. Source: Tech.eu
🇺🇸 Terradot has announced the acquisition of Eion to develop a global enhanced rock weathering carbon removal platform. Source: AgFunderNews
Funds, Grants & Accelerators
🇨🇦 Farm Credit Canada is assembling a $5 billion coalition aimed at investing in agriculture and food innovation. Source: iGrow News
🇧🇷 SP Ventures has raised $50 million for a new fund targeting agtech opportunities. Source: The AgriBiz
🇩🇪 MicroHarvest plans to establish a fermentation facility in Leuna, backed by €5.46 million in federal funds. Source: Protein Production Technology
🇮🇪 Builders Vision has invested in Hatch Blue, showcasing confidence in the growing aquaculture sector. Source: Fish Farmer Magazine
People News
🇺🇸 Bel North America appoints Peter McGuinness as CEO to spearhead its expansion strategy. Source: FoodBev Media
🇺🇸 Bruce J. Schnicker, Ph.D. joins Pivot Bio as Vice President of Product Development. Source: Business Wire
🇺🇸 Little Leaf Farms has appointed a new Chief Growing and R&D Officer. Source: PR Newswire
🇺🇸 Douglas Bodenhamer has joined Phospholutions as Global Regulatory Affairs Manager. Source: LinkedIn
Other News
🇸🇬 Avant Proteins in Singapore is winding down its operations, highlighting challenges in the novel food sector. Source: Straits Times
🇬🇧 The UK Supreme Court has ruled against Oatly’s use of the ‘post-milk generation’ trademark. Source: Vegconomist
🇺🇸 Bayer has received EPA clearance to market its Stryax, following the registration of Dicamba herbicides. Source: Morningstar
🇧🇪 Biotalys will strategically refocus its activities to prioritize key assets and lower cash burn. Source: Biotalys
🇺🇸 Synonym has rebranded as Roebling to broaden its industrial infrastructure planning services. Source: Protein Production Technology
🇺🇸 Beyond Meat faces a lawsuit for allegedly hiding the necessity for a major writedown. Source: Reuters
🇺🇸 Amai Proteins has received FDA approval to market sweet proteins derived from serendipity berries. Source: Green Queen
🇳🇴 EAT Foundation in Norway is set to wind down while exploring new initiatives. Source: API Gateway
