Agritech

Russian agroindustrial group launches international foodtech fund

November 12, 2020

Last month Efko, an agroindustrial group founded in 1994 in the Belgorod region, launched a $50 million corporate venture fund, Firrma.ru reported.  Dubbed ‘Fuel for Growth,’ the new fund will target early-stage foodtech startups — those that can potentially disrupt the food industry, promote a healthy lifestyle, support the ecology or food security.  According to Efko …

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Russian corporate fund Sistema_VC backs UK agritech startup

July 26, 2019

Sistema_VC, one of the venture investment vehicles of Russian conglomerate Sistema, announces it has led a £3.4 million round for UK agrotech startup KisanHub. Two UK-based funds, Notion and IQ Capital also participated in the round.  KisanHub helps global food and beverage companies “manage their supply chains efficiently by connecting directly with their farmers to collect information and …

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Siberian startup secures $1 million to develop “vertical farms” across Russia and Europe

November 11, 2020

iFarm, a Novosibirsk, Siberia-based startup, has just secured $1 million in a round led by Gagarin Capital – the California-based VC firm founded by Nick Davidov and Mikhail Taver – with participation from individual Russian investors. The details of the deal have not been disclosed. This agritech startup builds vertical farms, which “use a footprint …

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Larix VC invests $1 million in Indian agri-marketing platform Ninjacart

December 28, 2018

Larix VC, a fund launched by Moscow-based businessmen Oskar Hartmann and Igor Rybakov, has invested $1 million in Indian startup Ninjacart. Launched in 2015, this B2B “agri-marketing platform” claims to serve currently  more than 3,000 vegetables and fruits farmers, connecting them to businesses. Ninjacart is the market leader in India, ahead of its competitors Crofarm, FarmTaaza and …

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Russian-Belarusian fund invests in precision farming startup

January 10, 2019

AgroDroneGroup, a Russian startup that uses drones and computer software to closely monitor the condition of soil and crops, has raised 25 million rubles (some $440,000) in investment from the Russian-Belarusian Venture Investment Fund (RBF Ventures). The news was reported in late March by the Skolkovo Foundation, which cited Firrma. The deal, in which the …

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Russia wants to deploy drones and IoT solutions in 1 farm out of 3

November 12, 2020

Should proper measures be taken to develop and deploy these technologies, one Russian farm in three could use Internet-of-Things (IoT) solutions and drones in their operations in less than three years, according to a roadmap now circulating among Russian government  circles. Held in the framework of Russia’s governmental strategy for food quality until 2030, the discussions …

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Panasonic to launch pilot hi-tech agricultural project at Skolkovo

November 11, 2020

Japan’s Panasonic Corporation may be primarily associated in the public mind with consumer electronics, but in some parts of the world, it is selling a very different kind of product: vegetables. The company already has automated factories in Japan and Singapore where lettuce and other vegetables are grown indoors in controlled and optimised conditions. Now …

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Agritech arrives in Skolkovo

November 12, 2020

Skolkovo, the international tech hub under completion on the outskirts of Moscow, has begun accepting applications from startups in the agricultural business and expects its first resident companies by the end of the year. Agricultural startups will fall under the wing of the biotech cluster headed up by Skolkovo vice president Kirill Kaem, reports the …

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Maxfield Capital invests in “magic” Californian farming data platform

November 12, 2020

Maxfield Capital, a venture fund operating globally from its offices in Moscow, New York City and Tel Aviv, has invested “up to $500,000” in OnFarm. This Fresno, California-based startup defines itself as an “Internet-of-Things platform that enables a comprehensive array of leading farm hardware technologies into a single grower-friendly management and decision platform.” Thus the startup …

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Russian university invests $1 million in electronic gardening

November 12, 2020

Synergy Innovations, the venture arm of the Moscow University of Industry and Finance, will invest $1 million into the i-Ogorod web service – ‘i Garden’ in Russian – a project allowing its users to set up real vegetable gardens and manage them through the Internet.

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