|
 |
|
|
|||
|
 |
|
Jan. 2, 2024 by Jennifer Marston, AgFunderNews.com Agtech deals of 2023 followed much the same trajectory as other tech sectors, with lower valuations and far fewer mega-rounds than seen in the VC heyday of 2021 and early 2022. This year also saw a shift towards more investment in climate-focused solutions, hence the multiple waste-to-energy startups and carbon-related companies on the list below. Ag biotechnology, which includes the biologicals sector, was another strong category this year. 1. EcoCeres (United States) - Bain Capital invested $400 million into US-based biorefinery platform EcoCeres, which converts low-value waste (e.g., agricultural biomass) into high-value biofuels and biopolymers. 2. Atlas Agro (Switzerland) - Renewable fertilizer company Atlas Agro raised $325 million in a late-stage round from Australia-based Macquarie Group's asset management arm. 3. Xpansiv (United States) - The carbon and environmental commodities marketplace raised $125 million from Blackstone Energy Partners, Bank of America and Goldman Sachs. 4. eFishery (Indonesia) - Aquaculture management platform Fishery reached "unicorn" status with $200 million in Series D funding from UAE-based G42 Global Expansion Fund (42xFund), SoftBank Vision Fund II and others. 5. Charm Industrial (United States) - Charm Industrial raised a $100 million Series B led by General Catalyst to expand across the US. Charm converts agricultural biomass into a carbon-rich liquid it then pumps underground to permanently remove carbon from the atmosphere. To read the entire report click here. Tweet |
|
|
|
|
|
|
|
|
|||||||||||||
