Browsing tag

agritech

New Israeli Startup Hub Looks To Fast Track Sustainable Agri & FoodTech Startups

3 Mins Read Global specialty minerals and chemicals company ICL Group has launched the ICL Planet Startup Hub, which aims to fast track innovative foodtech and agritech startups to the marketplace and provide them with support, including mentoring and investment. Tel Aviv-based ICL Group has set up the ICL Planet Startup Hub to serve early stage, pilot-ready start-ups, […]

Chinese Agri-Food Tech Companies Raised US$6 Billion In 2020, New Data Shows

4 Mins Read Chinese agri-food tech companies collectively bagged US$6 billion in 2020, representing a 66% increase from the year before, new statistics show. It comes as total private equity and wider venture capital funding across all industries in China dropped by more than half, signalling the bullish investment sentiment for the agri-food sector amid the growing pandemic-driven […]

Vertical Farming Firm AeroFarms Lands SPAC Merger To Go Public & Become Unicorn

4 Mins Read AeroFarms, the New Jersey-headquartered indoor vertical farming firm, has struck a merger deal with black check company Spring Valley Acquisition Corp. to go public on the Nasdaq stock exchange. The transaction slated to close in the second quarter of 2021 is expected to bring in as much as US$357 million in new capital, lifting AeroFarms’ […]

Total Agri-Food Tech Funding In 2020 To Reach US$30.5 Billion, New Data Shows

5 Mins Read Investment into the agri-food tech industry in 2020 is expected to top US$30.5 billion, representing a 34.5% increase from the year before, according to new statistics. As the pandemic continues to spotlight the critical need for resilient supply chain solutions, funding has been pouring into a range of ventures in the industry, spanning from novel […]

Singapore Unveils New US$45.2M Agritech Fund To Empower Farmers Through Food Tech Innovation

4 Mins Read In a recent announcement, the Singapore government will dedicate S$60 million (US$45.2 million) for a new agritech fund that will focus on supporting farmers through the use of technology that ultimately boosts domestic food production. The purpose of the Agri-Food Cluster Transformation Fund is to help farmers through the use technology in local food production. […]

Impossible Foods CFO David Lee Takes On Indoor Farming In New AppHarvest Role

3 Mins Read David Lee, former chief financial officer at plant-based giant Impossible Foods, has left his position to take on his new role at agri-tech startup AppHarvest. Joining AppHarvest as president, Lee will lead strategy development and operations, marketing and sales to drive the company’s ambitions to become an “iconic brand and sustainable foods company”.  David Lee, […]