AgFunderNews highlights the latest significant funding events, mergers, acquisitions, and general trends within the agtech and foodtech industries.
Funding Updates
🇬🇧 Apoha, a new startup working on AI-driven material creation, has successfully raised $36 million. Fortune
🇺🇸 Marble Technologies has secured $30 million in Series A funding to innovate meatpacking processes in Nebraska. Silicon Prairie
🇺🇸 701x has wrapped up an oversubscribed Series B round, achieving profitability and expanding globally. National Beef Wire
🇪🇺 PROSCALE has garnered €7 million from the EU to develop single-cell proteins utilizing byproducts from the food industry. Protein Production Technology
🇫🇮 Raisio has acquired EUR 4.5 million to create functional fiber ingredients from grain waste. Vegconomist
🇬🇧 Mykor raised £4 million to advance mycelium-based construction materials sourced from agricultural waste. iGrow News
🇮🇩 The Cool Japan Fund supports the Indonesian vending startup JumpStart. Tech in Asia
Mergers and Acquisitions, Partnerships, and IPOs
🇺🇸 Elanco has finalized the acquisition of AHV, reinforcing its focus on the dairy sector. AgriNovus Indiana
🇺🇸 CVC is set to acquire IFF’s food-ingredients division for $4.3 billion. Wall Street Journal
🇮🇳 ADM and TechnoServe are collaborating to promote regenerative soybean farming in India. Food Ingredients First
🇳🇱 Foodbytes has been acquired by Jaarbeurs, coinciding with the start of VIV Europe. Food Agribusiness World
🇺🇸 Transfresh has taken over Hazel Technologies. Fresh Plaza
🇨🇭🇺🇸 Syngenta and Ascribe Bioscience have partnered to develop a new biofungicide for Asian farmers. Business Wire
🇬🇧 Munters has acquired Optifarm to enhance its AI-based livestock health monitoring capabilities. Swine Web
🇺🇸🇳🇱 Ingredion is boosting its functional fiber offerings with the acquisition of Benicaros. Nutra Ingredients
🇨🇭🇺🇸 Nestlé is teaming up with Helaina to explore bioactive proteins for infant nutrition. AgFunderNews
Funds, Grants, and Accelerators
🇺🇸 Enduring Planet has raised $12 million for its second climate fund. Impact Alpha
🇺🇸 Purdue’s DIAL Ventures believes it’s a pivotal moment for AI in agriculture following the first close of Fund II. AgFunderNews
🇺🇸 Converge Bio has received a $2.5 million grant to extend drug modeling during crop genomics work. Horti Daily
🇮🇱 Ayana Bio and Brevel have secured a $1.25 million grant to explore “illuminated fermentation” for enhancing plant cell culture. AgFunderNews
Additional News
🇩🇪 Formo has gained approval to sell cow-free casein in the U.S. after halting its Koji protein cheese project. Green Queen
🇩🇪 ProVeg Incubator is inviting applications for its second “fast-track to impact” program, aimed at alt-protein innovators. ProVeg
🇮🇱 Aleph Farms is downsizing and shifting to outsourcing due to challenges in the cultivated meat sector. CTech
🇮🇹 GERBER-RAUTH is exiting the dairy commodities market to focus on the “future of dairy.” AgFunderNews
