Agriculture

Mashgin raises $ 63 million, absolute – $ 100 million: A week at Agrifoodtech

Among the largest rounds of funding this week in agricultural machinery were $ 100 million raised by the Indian company Absolute Foods, which seeks to vertically integrate the value chain of agricultural products. Mashgin, an American manufacturer of contactless machines, also received a high score; as well as the Pachama portal, dedicated to the forest.


Funding Foodtech

🇺🇸 Brightseed bags $ 68 million in B-Series funding Themes, AgFunderand others to start an ingredient business. The San Francisco-based nutrient discovery startup will release its first ingredient, which will be labeled as “generally recognized as safe” in accordance with U.S. Food and Drug Administration regulations. (AFN) [disclosure: AgFunder is AFN‘s parent company.]

🇺🇸 “Contactless” cash register Mashgin raises $ 62.5 million. NEA led a $ 1.5 billion round by Mashgin, a provider of cash register technology to retailers, grocers and stores. (Grocery diving)

🇫🇷 Sencrop completes a $ 18 million Series B round to enter the world market with its weather stations. The circle led to Jerusalem Venture Partners. Supported by the EU EIT Food, Stellar impactIRD Management, BPIfrance, Demeter IMand NCI Waterstart also invested. (AFN)

🇺🇸 Tomorrow the farm $ 8.5 million to develop healthier pantry and refrigerator products. The circle led to Low carbon capital involving with Maveron, Valor Siren Ventures, Simple Food Venturesand S. W. Angel. (AFN)

🇬🇧 Lollipop receives £ 5 million ($ 6.11 million) in a seeded round led by Octopus Ventures. Its family-friendly app combines meal planning, shopping and cooking services. (Tech.eu)

🇺🇸 3D printing of vegetable protein, Moody’s meat collects $ 3 million. Good start, Joint Foundation, Lever VCand AgFunder participated in Y combinator seeds hail round. (TechCrunch) [disclosure: AgFunder is AFN‘s parent company.]

🇮🇲🇨🇳 Agronomy back CellX again. Investor Agrifoodtech from the Isle of Man has introduced another $ 2 million to a Chinese meat startup, giving it a 5.1% stake on a fully diluted basis. (Morning Star)

🇮🇳 Technology startup NutriTap raises $ 1.5 million in funding from Venture catalystsothers. It will use these funds to expand its own technology, invest in research and development and expand its presence in different sectors and regions. NutriTap creates “alternative retail channels” for brands to conduct retail directly to customers, including through “smart kiosks”. (The Economic Times)

Funding by Agtech

🇮🇳 Absolute products raises $ 100 million in a led round Sequoia Capital, Alpha waveand Tiger Global. The startup – which aims to integrate the entire agricultural value chain – will use the funding to develop its capabilities in biological research, farm software and a trading platform. (The Plunge Daily)

🇺🇸 Pachama Series B funding is $ 55 million to account for the forest carbon market. The carbon credit platform in San Francisco has secured investments from Future Positive, Breakthrough Energy Ventures, LowerCarbon Capital, Plus Capital, 20VC, Reddit founder Alexis Ahanian and celebrity couple Ellen DeGeres and Portia De Rossi. (AFN)

🇦🇺 Grain Management Platform AgriDigital attracts A $ 25 million ($ 17.7 million). This was stated by CEO Emma Weston AFN that the startup will use these funds to “develop our supply chain financial fund and drive our global expansion with key partners”. (AFN)

Other news

🇸🇬 Good start closes the $ 34 million investment fund. The Good Protein Fund I is a “cross-border, multi-stage” vehicle, the company said in a statement. Since launching last year, Good Startup has supported similar ones Eat Simply, The company “Each”., Turtle tree, and Mooji Meats (see above), among others. (Good start)

🇬🇧 Grocery giant Tesco launches accelerator program in partnership with World Wildlife Fund. Accelerator brings startups together with retailers to “accelerate sustainability innovation in the supply chain […], reduce the impact of food on the environment and support the UK’s food security ”. (Tesco)

🇸🇬 Glife Technology conducts several mergers and acquisitions to expand its ecosystem from farm to table in Southeast Asia. The Singapore startup has invested in a Vietnamese counterpart Koina and acquired controlling stakes in Indonesia PanenID and Yolek from Malaysia in recent weeks. (AFN)

🇺🇸🇿🇦 Karteva invests in Africa and the Middle East facility for seed treatment. A new specialty of agribusiness Center for Seed Applied Technology in Plant, South Africa, will focus on developing recipes and testing the safety of chemical and biological treatments. (AFN)

https://agfundernews.com/mashgin-bags-63m-absolute-nets-100m-the-week-in-agrifoodtech Mashgin raises $ 63 million, absolute – $ 100 million: A week at Agrifoodtech

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