Binyamin Ali
Cell-cultured meat fundraising rose to $1.38bn in 2021, up from $60m in 2019, as Agronomics backs the tech to leave plant-based behind.
The New York-based firm acquired its stake in GoodWest Industries in 2015 and has been bought out by PE firm The Jordan Company.
The Italian firm deployed capital from its Fund III, which closed on €230m in 2018, and is the firm’s dedicated private equity vehicle.
Cell-cultured fish start-up says it will be able to hit price parity with natural fish products when its 140,000 sq ft facility becomes operational in 2027.
The real estate investor is eyeing the food production sector for its potential to mitigate climate change.
The UK is in the same boat as the rest of Europe with regards to higher energy prices, but a weak pound and a suboptimal seasonal worker scheme have brought some greenhouses to a halt.
The Paris-based firm will target sectors including robotics, specialty ingredients and carbon farming for its follow-on vehicle.
The majority of farmers surveyed by McKinsey expect profits to remain intact or experience growth in the next two years, as higher commodity prices and increased agtech use combine to support farm performance.
The firm raised the figure from existing investors and has also made three new hires across its natural capital platform.
Partner Richard Boos says the direct and indirect impacts of issues such as inflation and the Russia-Ukraine war mean raw materials for food products through to packaging and logistics have been affected.