Seed Plus Speed: The Amber Wave Of Today’s Ag-Tech Deals
The recent ICL/Growers acquisition marks the latest in a series of notable transactions just this year for startups in agtech and precision farming, reports Investable Universe. The fast-germinating market for these high-tech applications is expected to reach nearly $13 billion in value, with a compound annual growth rate of 13%, by 2027.
Just this week, NewLeaf Symbiotics, a St. Louis-based startup that produces beneficial microbes, or M-trophs, to enhance row crop yields, announced the successful closing of a $20 million Series D funding round. Investors included Koch Agronomic Holdings, the agronomy VC arm of Koch Industries, and agtech heavyweight S2G Ventures, the latter known for its early support of plant-based alt-meat Beyond Meat. This latest funding round will be used to accelerate product commercialization.
Continue reading at Investable Universe.