Weekly Roundup: Latest Agri-Tech Funding, M&A, and Innovations
This week in the world of agriculture technology, several companies have secured significant funding, while others have announced partnerships and breakthrough innovations. Let’s take a closer look at the latest developments:
Startup Funding
๐บ๐ธ Liberation Labs closed a $50.5 million convertible note to support the completion of a new plant.
๐บ๐ธ Bonsai Robotics secured $15 million in Series A funding to advance its agricultural AI solutions.
๐ฉ๐ช German climate data startup OCELL nabbed $10.4 million in funding.
๐ฎ๐ฑ Pluri secured a $6.5 million investment to acquire 71% of alt-cocoa producer Kokomodo.
M&A, IPOs & Partnerships
๐ฎ๐ฑ Pluri secured a $6.5 million investment to buy 71% of Kokomodo.
๐บ๐ธ Microsoft inked a deal with Chestnut Carbon to kick off a 100-year-long carbon removal project.
๐ซ๐ท Isagri acquired Sencrop to become the EU’s number one in agro-meteorology.
Funds, Grants & Accelerators
๐บ๐ธ Manulife closed a $480 million Forest Climate Fund to drive sustainable forestry investments.
๐จ๐ฆ Nova Scotia invested $730,000 in a precision fermentation plant on Cape Breton Island.
People Moves
๐ซ๐ฎ Rami Jokela has been appointed CEO of Solar Foods as the company targets global markets.
๐บ๐ธ Kerry Group North America has appointed a new president and CEO.
๐บ๐ธ CropX welcomed Spencer Swayze to its board of directors.
Other News
๐บ๐ธ Heritable Agriculture, a Google spinout, is bringing AI to crop breeding.
๐ซ๐ท Insect ag pioneer ลธnsect is exploring all possible options, including a third-party takeover.
๐บ๐ธ Luxury vegan silk brand niLuu has launched in Saudi Arabia & Qatar.
Stay tuned for more updates on the latest developments in the agriculture technology sector.
