Candy maker Mars is launching Farmer Income Lab to help address the poverty and needs of smallholder farmers, whose output is also critical to the confectionery company's supply chain.
Among the highlights this past week - Cue's $15.5 million raise for its unique, self-health care tracker, Neighborly's $25 million raise for its platform to democratize the municipal bond market, and Japan-based Farmnote's $4.6 million raise for its IoT devices to track the health of livestock. Also, Naval Ravikant of Angel Co. took the stage at TechCrunch Disrupt in New York today Wednesday to announce a new syndicate vehicle called "Angel Funds."
Dodla Dairy in India has raised $50 million in private equity to help fund its business supplying milk sourced sustainably from the thousands of smallholder farmers in the country. The $2B Growth Fund's Rise Fund facilitated the deal, its first in AgTech.
Among the highlights this past week - Farmecco received $600K to help modernize farmers P&L in Australia, Hamburg-based Kreditech, a competitor to Lenddo and LendUp, received $110 million, and Uber rival Go-Jek, based in Indonesia, received $1.2 billion in new funding.
"I think impact investing presents a new tool in the toolkit for solutions that can scale," says AgTech and food system venture capitalist Jason Ingle of Closed Loop Capital and Greener Partners, a non-profit.
Sustainable feedstock maker Calysta, AltSchool and Bonsai AI were among this past week's notable investing deals. Calysta received $40 million in Series D for its innovative food technology that promises to eliminate the need for two increasingly scarce resources in our planet – water and agricultural land – for production of fish feed for the aquaculture industry.
Next-generation 911 emergency call delivery network RapidSOS, the Dave app that helps predicts bank overdrafts and helps consumers avoid big fees and all-natural kids meal creator KidFresh were among this past week's notable investing deals. RapidSOS received $14 million to continue its work building out its 911 emergency technology platform.
Ooho maker Skipping Rocks Labs, insurtech provider BIMA and food-waste startup Wasteless were among this past week's notable investing deals. Ooho received $1.05 million for its biodegradable product, to help save the dumping of one-billion wasted water bottles per year, among the chief sources of microplastics that end up in our planet's oceans.