The Week in Agbiotech: Funding, Acquisitions, and Partnerships
The past week in the agbiotech industry saw significant activity in terms of funding rounds, acquisitions, and strategic partnerships. Here are some of the key highlights:
Startup Funding
🇺🇸 Tidal Vision completes $140m Series B to scale chitosan tech globally – Tidal Vision, a chitosan solutions developer, announced a successful Series B round to expand its innovative technologies on a global scale.
🇺🇸 With $115m in new funding, 80 Acres Farms tackles plant genetics – 80 Acres Farms secured $115 million in new funding to further its research and development in plant genetics.
🇺🇸 Oobli joins forces with Ingredion & raises $18m to develop sugar reduction techniques – Sweet protein innovator Oobli partnered with ingredient giant Ingredion and raised $18 million to advance sugar reduction techniques.
🇸🇪 Swedish Agteria raises $6.2m to advance methane-reducing feed additives – Stockholm-based Agteria secured a seed round of $6.2 million to develop feed additives that reduce methane emissions.
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M&A, IPOs & Partnerships
🇮🇳 India’s KiranaPro acquires grocery delivery service Joper – KiranaPro, based in India, made a strategic acquisition of grocery delivery service Joper.
🇫🇮 Raisio sells plant protein business to Finnish dairy giant Valio in $7m deal – Finnish startup Raisio divested its plant protein business to dairy giant Valio in a $7 million deal.
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Funds, Grants & Accelerators
🇦🇺 Australian government backs Magic Valley with $100K to advance cultivated meat – The Australian government provided funding support to Magic Valley for the development of cultivated meat.
People Moves
🇨🇱 Christina Trampota joins NotCo as new chief product officer – NotCo welcomed Christina Trampota as its new chief product officer.
🇺🇸 Vive Crop Protection welcomes four industry experts to commercial team – Vive Crop Protection added four industry experts to its commercial team.
Other News
🇺🇸 New player on lactoferrin block plans precision fermentation site in the Midwest – A new entrant in the lactoferrin space announced plans to establish a precision fermentation site in the Midwest.
🇺🇸 Walmart includes in-ovo sexing in new egg supplier guidelines – Walmart updated its egg supplier guidelines to include in-ovo sexing practices.
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The Rise of Remote Work: How Technology is Changing the Way We Work
In recent years, there has been a significant shift in the way people work. With advancements in technology, the traditional 9-5 office job is no longer the only option for many professionals. Remote work, or telecommuting, has become increasingly popular as more companies embrace the benefits of a flexible work environment.
One of the key drivers behind the rise of remote work is technology. With the widespread availability of high-speed internet, video conferencing tools, and collaboration platforms, employees can now work from anywhere in the world. This not only allows for greater work-life balance but also opens up opportunities for companies to tap into a global talent pool.
Remote work has also been shown to increase productivity and employee satisfaction. A study conducted by Stanford University found that remote workers were 13% more productive than their office-based counterparts. This can be attributed to the lack of distractions in a traditional office setting and the ability for employees to work during their most productive hours.
Furthermore, remote work has been proven to reduce employee turnover and absenteeism. A survey by Gallup found that remote workers were 25% less likely to leave their company compared to on-site employees. This is because remote work offers employees greater flexibility and autonomy, leading to higher job satisfaction and loyalty.
However, remote work is not without its challenges. Communication can be a major hurdle when team members are spread out across different locations. To combat this, companies are increasingly turning to tools such as Slack, Zoom, and Microsoft Teams to facilitate seamless communication and collaboration.
Additionally, remote work can blur the lines between work and personal life, leading to burnout and decreased job satisfaction. It is important for companies to set clear boundaries and expectations for remote workers to ensure a healthy work-life balance.
Overall, the rise of remote work is a testament to the power of technology in shaping the future of work. As companies continue to embrace flexible work arrangements, we can expect to see a continued shift towards a more remote-friendly workforce. Whether you’re a seasoned remote worker or new to the concept, it’s clear that the way we work is changing – and technology is leading the way.
