Latest AgTech and FoodTech Developments

AgFunderNews rounds up the most important fundings, mergers, acquisitions, closures, and industry buzz in agtech and foodtech.

Funding News

🇺🇸 Pepper has successfully raised $50 million in Series C funding to enhance its operations. FinSMEs

🇫🇷 French precision fermentation startup Verley secured $38 million in a Series A round, tapping into a new segment of the protein market. AgFunderNews

🇳🇴 Biosort has secured NOK 100 million to innovate salmon farming through advanced lice control technology. Seafood News

🇩🇰 Danish foodtech company REDUCED raised a total of €12 million in Series A funding to support the rollout of clean-label savoury ingredients. Arctic Startup

🇪🇸 Impact Bridge invested in IKOS Advanced, contributing to an €8 million funding round aimed at enhancing agricultural digitization. Riesgo

🇬🇧 Resurrect Bio raised $8.1 million to further develop plants’ innate disease resistance capabilities. AgFunderNews

🇬🇧 Ex-Deliveroo executive launched Alpa with $3.5 million to improve financial visibility in the hospitality sector. Tech Funding News

🇪🇸 Grodi has raised €2.5 million led by Swanlaab to enhance greenhouse automation technologies. Tech.eu

🇧🇪 Those Vegan Cowboys successfully raised €2.5 million in one day through crowdfunding for their ‘cow-free cheese’ initiative. Vegconomist

🇳🇿 A New Zealand startup has obtained funding to advance food security through lab-grown fruits and nuts. Green Queen

Mergers & Acquisitions, IPOs & Partnerships

🇪🇺 EFSA and FAO have signed a three-year MoU to enhance regulatory science collaboration. Protein Production Technology

🇮🇳 Mitti Labs has partnered with ICAR to advance GHG monitoring techniques in rice farming. iGrow News

Funds, Grants & Accelerators

🇺🇸 Mars has introduced a new impact fund with an annual commitment of $50 million aimed at supporting communities and scientists. ESG Today

🇨🇮 The African Development Bank Group awarded a $16.6 million grant to IITA for agricultural technology advancements in Africa. African Development Bank

🇺🇸 Kelly Hills Unmanned Systems has been awarded $3 million for agricultural drone technology. iGrow News

People Moves

🇨🇭 Vivent Biosignals has appointed Fernando Derossi as CEO and partner. Horti Daily

🇳🇱 Karin Lowik has been named CEO of Rival Foods. LinkedIn

Other News

🇨🇳 The legal battle over DJI’s appeal sets the stage for the future of the US agricultural spray drone market. AgFunderNews

🇺🇸 DoorDash exits four markets, including Japan, to concentrate on growth in other areas. AP News

🇩🇪 Döhler has commenced commercial production of Superbrewed’s postbiotic protein. AgFunderNews

🇮🇳 BioPrime has received regulatory approval for its biostimulants portfolio. Hindu Business Line

🇨🇭 Syngenta is expected to initiate a process for an IPO in Hong Kong, potentially valuing up to $10 billion. Reuters

🇩🇪 Bayer introduces newgold, a multi-crop seed brand connecting agriculture to the low-carbon fuel economy. Bayer

🇳🇴 Grønt fra Nord is undergoing court-supervised restructuring due to biological losses and regulatory financing issues. Vertical Farm Daily