| Date | Title | Description |
| 02.06.2024 | Kenya data analytics startup Gro Intelligence shuts down | Months after the board of the agricultural data platform Gro Intelligence replaced CEO and founder Sara Menker, the New York and Nairobi-based company will shut down, despite raising emergency funding in March 2024. Despite that March bridg... |
| 31.05.2024 | BREAKING: Ag insights platform Gro Intelligence is closing down | Ag insights platform Gro Intelligence is calling it quits after failing to secure enough capital to stay afloat following a turbulent few months, AgFunderNews understands.
The firm, which secured some eleventh hour funding in March as it la... |
| 03.05.2024 | Maize: South Africa’s most abundant grain now has to be imported | Importing maize is turning out to be more cost-effective. Image: Pixabay
South Africa is currently looking at a 20% reduction in maize yields, while the Southern African region has suffered a 50% loss in staple food crops.
“Some of which ar... |
| 07.04.2024 | Innovative Agritech Solutions: Modernizing Agriculture in Africa | Innovative agritech solutions are playing a crucial role in modernizing agriculture in Africa, addressing various challenges such as limited access to resources, climate change, and food security.
These technologies leverage digital tools, ... |
| 15.02.2024 | Job cuts at AI-powered ag insights platform Gro Intelligence: ‘They have a great product, but I’m not sure they know how to sell it’ | Gro Intelligence—a New York- and Nairobi-based startup behind what it claims is the world’s largest agricultural data platform—laid off 10% of its staff, about 20 people, at the end of January, AgFunderNews has learned.
Founded in 2012 by f... |
| 07.07.2023 | The Real Use Case for CBDCs: Dethroning the Dollar | Much like the cruel joke Charles de Gaulle reportedly cracked about Brazil – that it’s “the country of the future and always will be” – predictions of an end to the dollar-based international monetary system seem to belong to a future that ... |
| 17.05.2023 | Pale Blue Dot backs Amini, an African climate tech startup solving environmental data scarcity | Amini, a Nairobi-based climate tech startup focused on solving Africa’s environmental data gap through artificial intelligence and satellite technology, has raised $2 million in a pre-seed funding round.
Pale Blue Dot, the European climate-... |
| 11.08.2022 | From Twinkies to Nutter Butters, lack of ingredients hampers snack food production | Production of Twinkies, Nutter Butters and other packaged goods has been stalled by a lack of ingredients, creating intermittent stockouts at grocery stores.
Consumer packaged goods giants including General Mills, Conagra Brands and Mondelē... |
| 10.08.2022 | Data Snapshot: California agrifoodtech investment still outpaces the rest of US by billions | Data Snapshot is a regular AFN feature analyzing agrifoodtech market investment data provided by our parent company, AgFunder.
Click here for more research from AgFunder and sign up to our newsletters to receive alerts about new research re... |
| 09.08.2022 | As supply chain woes persist, brands’ inventory management strategies are evolving | “At times, you’ve got to be flexible. And you make decisions on, ‘Do we want to air something in to make sure that we can serve our customer, or can we delay it?’” he said. Inventory management
Women’s intimates brand Lively’s founder and C... |
| 21.06.2022 | How can the global agrifood system build resilience amid climate change? Look to Ukraine | “Resilience” is a word that comes up a lot when we talk about the war in Ukraine, with news outlets around the world zeroing in on the courage of Ukrainians and their willingness to stand together in the face of Russia’s ongoing attacks and... |
| 28.04.2022 | Indonesia's palm oil export ban takes effect as supply pressures mount | Whether protectionist or political, Indonesia’s decision to ban palm oil exports this week is having real consequences to the supply and price outlook for edible oils.
At midnight today, the Southeast Asian nation began imposing an export b... |
| 25.04.2022 | Indonesia, the world's top cooking-oil exporter, says it's going to ban exports of the oil this week, and it's sent the global prices of edible oils soaring | Indonesia, a top palm-oil exporter, is planning to ban exports beginning on Thursday.
Palm oil, the world's most used vegetable oil, is used in cooking and a range of consumer products.
Advertisement
The world's top palm-oil producer announ... |
| 25.04.2022 | Top palm oil producer Indonesia to ban some exports | Dive Brief:
Prices for edible oils whipsawed over the weekend after Indonesia — the largest producer of the food commodity in the world — announced plans for an export ban of palm oil starting April 28. Although the government initially sai... |
| 29.03.2022 | Hormel's Jennie-O confirms presence of bird flu in its supply chain | Dive Brief:
Jennie-O, the turkey brand owned by Hormel Foods, announced in a statement last weekend the highly pathogenic avian influenza (HPAI), or bird flu, has infected poultry in its supply chain. The flock carrying the disease are at a... |
| 15.02.2022 | Here’s how the CEOs of Bayer, Cargill & 2 agtech startups would spend Elon Musk’s $6bn for world hunger | Food prices hit their highest in a decade by the end of last year. Fertilizer prices, too, saw all-time highs as 2021 turned into 2022, further exacerbating food inflation. Prices for both sets of commodities have continued to rise this yea... |
| 27.01.2022 | Beef has a sustainability problem. Is this the year the industry finds a fix? | Editor's note: This story is part of a series on the trends that will shape the food and beverage industry in 2022.
Beef is not sustainable: That’s what critics charge and what many consumers want to see change.
The statistics around the me... |
| 17.11.2021 | Are we on the cusp of a software revolution in farming? | Farming and software might sound like unlikely bedfellows, but a change is on the horizon. Slow moving and deep-rooted value chains in the sector have proven resistant to the adoption of new software, but significant investment in emerging ... |
| 23.09.2021 | EXCLUSIVE: Intelinair raises $20m to scale digital agronomy product, expand into carbon | Aerial imagery and agronomic intelligence platform Intelinair has closed a $20 million Series B round of funding in its second-ever external round of funding, AFN can exclusively reveal.
Data-focused growth-stage investor Regulator Group in... |
| 16.09.2021 | Time опубликовал список самых влиятельных людей года | Журнал Time опубликовал список самых влиятельных людей этого года, традиционно разделённый на шесть разделов: «Кумиры», «Пионеры», «Титаны», «Артисты», «Лидеры» и «Новаторы». В списке указаны такие личности, как глава Tesla Илон Маск, генер... |
| 21.07.2021 | BREAKING: ClimateAi raises $12m Series A from Robert Downey Jr fund, others | Without a doubt, the biggest challenge the majority of farmers face the world over is the weather. Forever unpredictable, it’s now more erratic than ever as global warming creates more extreme weather events such as severe flooding, drought... |
| 21.07.2021 | ClimateAi raises $12m Series A from Robert Downey Jr fund, others | Without a doubt, the biggest challenge the majority of farmers face the world over is the weather. Forever unpredictable, it’s now more erratic than ever as global warming creates more extreme weather events such as severe flooding, drought... |
| 08.07.2021 | African startups have raised over $1 billion in H1 2021, more than double H1 2020’s figures | Share this article:
According to data from Maxime Bayen, Senior Venture Builder at BFA Global, African startups raised $1.19 billion in the first half of 2021.
🚀🌍In H1'21, startups in Africa have raised more than they had raised in H1'19 an... |
| 07.02.2021 | Venture capital funding boomed in 2020. But women’s share of the pie shrank to 2.2% | When the pandemic hit the United States in March 2020, fundraising briefly ground to a halt in Silicon Valley. "People thought there would be a strong retrenchment that was reminiscent of the dotcom era and the retrenchment of 2009,&qu... |
| 02.02.2021 | Record-breaking female founder warns of food inflation risk amid Covid-19 & climate change | Gro Intelligence founder and CEO Sara Menker. Image credit: Gro Intelligence
We are in a “worrisome place.”
This isn’t a sentence you’d expect to hear from a founder after raising $85 million in funding; let alone a female founder from Afri... |
| 22.01.2021 | Gro Intelligence Raises $85 Million in Series B Funding | Share this:
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| 14.01.2021 | Gro Intelligence, Kenyan data analytics company, raises $85m in Series B funding round | The Kenya-based data analytics company Gro Intelligence has secured a US$85 million Series B funding, the largest ever-growing funding round of African technology start-ups. The funds will be used to accelerate the development and global ac... |
| 13.01.2021 | Kenyan AI Startup Gro Intelligence Raises $85 Mln in Series B Funding | They were joined by previous investors DCVC and GGV Capital. Participating new investors include Schusterman Family Investments, Dick Parsons, Rethink Food and various strategic family offices.
“Food security and climate risk represent exis... |
| 12.01.2021 | Kenyan startup secures $85-million funding | Gro Intelligence, an AI-powered insights company, has secured $85-million in Series B funding co-led by Intel Africa, Africa Internet Ventures, and several other investors including GGV Capital, DCVC, Schusterman Family Investments, Dick Pa... |
| 12.01.2021 | Kenyan startup secures $85-million funding | Gro Intelligence, an AI-powered insights company, has secured $85-million in Series B funding co-led by Intel Africa, Africa Internet Ventures, and several other investors including GGV Capital, DCVC, Schusterman Family Investments, Dick Pa... |
| 11.01.2021 | Gro Intelligence raises $85m Series B funding round | Kenya: The Kenya-founded data analytics company Gro Intelligence has raised US$85 million Series B funding round, by some way the largest funding round ever raised by an African tech startup, to accelerate the growth and global adoption of ... |
| 11.01.2021 | Ethiopia-born Sara Menker’s Gro Intelligence raises $85m in Series B funding | Gro Intelligence, an analytics startup deploying artificial intelligence systems for food security and climate stability solutions, has closed an $85 million Series B round.
Sara Menker, an Ethiopia-born former Wall Street commodities trade... |
| 16.12.2020 | Delivering the goods: Food supply chain tech market map & predictions for 2021 | Editor’s note: Seana Day and Brita Rosenheim are partners at Culterra Capital and venture partners at Better Food Ventures, each with 20-plus years of investment, M&A, and strategy experience in agrifoodtech. Their analyses on the agrif... |
| 21.10.2020 | TOP 10 AgTech Startups in the USA | AgTech or Agricultural Technology means using technology in agriculture, horticulture and aquaculture with the goal of improving yield, productivity, profit and beneficialness. |
| 25.09.2020 | Expect Plagues of Locusts as Climate Change Gets Worse, Say Scientists | It’s time to wake up. On Global Climate Day of Action, VICE Media Group is solely telling stories about our current climate crisis. Click here to meet young climate leaders from around the globe and learn how you can take action.
For much o... |
| 06.02.2019 | Why 2019 is The Year of the Mushroom | Editor’s Note: Andrew Carter is cofounder and CEO of Smallhold, a distributed farming pioneer, placing connected, autonomous mini-farms throughout the Northeast of the US–each capable of growing between 30 and 120 pounds of produce a week i... |
| 11.01.2019 | Three Ag Data Startups Offer Open Access to Data Amid Indefinite Government Shutdown | The government shutdown has left growers without access to important crop data published monthly by the USDA. The federal agency is responsible for publishing the monthly World Agriculture Supply and Demand Estimates (WASDE) report, a compr... |
| 22.05.2018 | USDA Has a Responsibility to Reveal Crop Yield Forecasting Methods | Editor’s Note: Sara Menker is CEO of ag data and analytics software Gro Intelligence. Prior to founding Gro, Sara was a vice president in Morgan Stanley’s commodities group. Gro’s software automatically harvests disparate data, transforms i... |
| 25.10.2017 | Big Data for Ag Platform Gro Intelligence Raises Series A Round from TPG, Data Collective | Nairobi and New York-based agricultural data startup Gro Intelligence has raised an undisclosed Series A round led by TPG Growth, an arm of the $70 billion global private investment house TPG, with Palo Alto VC Data Collective and family of... |
| 24.10.2017 | Gro Intelligence Raises Series A-2 Financing | Gro Intelligence, the New York and Nairobi, Kenya-based agricultural data analytics business used by investment professionals, major corporations, governments and international organizations around the world, raised a Series A-2 financing o... |
| - | India’s rice export ban could send decade-high prices spiking even further | India has banned the exports of non-basmati white rice with immediate effect, the latest in the government’s effort to rein in high food prices.
India is the world’s leading rice exporter, accounting for more than 40% of the global rice tra... |
| - | Sunflowers, war and drought: Why the price of margarine and butter spiked 32% | Inflation has impacted all groceries, but none more so than butter and margarine in the past year.
Margarine and butter prices rose 32% in September versus 12 months earlier, according to the latest consumer price index, issued Thursday by ... |
| - | Разбор технологического рынка Африки: пока Китай вкладывает в него миллиарды, местные власти тормозят рост Статьи редакции... | Как он устроен, кто и почему привлекает многомиллионные инвестиции из Китая и США и зачем власти тормозят его развитие — в пересказе анализа The Generalist.
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| - | Global rice shortage is set to be the biggest in 20 years | Rice production for 2023 is set to log its largest shortfall in two decades, according to Fitch Solutions.
“At the global level, the most evident impact of the global rice deficit has been, and still is, decade-high rice prices,” Fitch Solu... |
