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Tracxn – Analyst Notes # 1266 – AgriTech

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Analyst Picks

  • Lumen Bioscience (2017, Seattle, $11.2M) – Algae production technology developer
    Market: AgriTech > Agribusiness > Cultivation > Algae
  • ClariFruit (2016, Ness Ziona) – Mobile app to monitor and analyze fruit quality and ripeness
    Market: AgriTech > Supply Chain Tech > Content analysis
  • PharmaCielo (2014, Toronto, $9.6M) – Controlled environment cultivation of medicinal cannabis and production of cannabis oil and other products
    Market: AgriTech > Indoor Agriculture > AgriBusiness > Cultivation > Soil-based > Cannabis

Funding Rounds

Series D, $275M
Ginkgo Bioworks (2008, Boston, $429M) – Designs microbes to produce cultured ingredients
Investors: Viking Global Investors, Y Combinator, Cascade Investment Group, General Atlantic, Bill Gates

Series D, $110M
Farmer’s Business Network (2014, Davenport, $192.9M) – Network based big data analytics for farmers to increase productivity
Investors: T. Rowe Price, Temasek, Acre Venture Partners, KPCB, DBL Partners, GV

Series D, $47M
Indigo (2013, Cambridge, $366.5M) – Delivery of selective plant microbes through seed coatings for resistance to biotic and abiotic stresses
Investors: ICD

Series D, $44M
Fractal Labs (2013, Morelos, $44M) – Develops robots and assorted AI based robot control software
Investors: GV, True Ventures, IDO Investments

Series B, $12.7M
Crop One Holdings (2012, Millis, $12.7M) – Infrastructure development and technology for indoor agriculture

Series B, $12.3M
Asilomar Bio (2013, San Francisco, $15.3M) – Developer of biological products for crop protection and enhancement
Investors: Syngenta Ventures, Cavallo Ventures, Mission Bay Capital, Fall Line Capital, Cultivian Sandbox

Series A, $11.2M
Lumen Bioscience (2017, Seattle, $11.2M) – Algae production technology developer
Investors: Bioeconomy Capital, Avista

Series B, $7.7M
Inocucor (2007, Montreal, $45.4M) – Sustainable Biological Products for enhancing plant growth
Investors: Sustainable Development Technology Canada

Series A, $5.7M
Farmwise (2016, San Francisco, $6.3M) – Robotic equipment for automating weed elimination and data gathering operations on vegetable farms
Investors: Playground Global, Felicis Ventures, Basis Set Ventures, Valley Oak Investments

Seed, $4.2M
MilkLane (2015, Mumbai, $4.2M) – Online platform for industrial-scale milk collection and supply
Investors: Pioneering Ventures, Schreiber Foods

Post IPO, $4.1M
Avivagen (2005, Ottawa) – Development and marketing of livestock animal feed additives

Series B, $3.5M
Weather Analytics (2005, Washington D.C., $36.3M) – Historical, current and forecast weather conditions

Seed, $2.4M
Tortuga AgTech (2016, Denver, $5M) – Integrated business for cultivation in soil-based automated greenhouses and supply of produce
Investors: Root Ventures, Susa Ventures, AME Cloud Ventures, Grit Labs, StartX, SVG Partners, Haystack

Series A, $2M
PharmaCielo (2014, Toronto, $9.6M) – Controlled environment cultivation of medicinal cannabis and production of cannabis oil and other products

Post IPO, $1.8M
Surna (2010, Boulder, $1.2M) – Climate control systems for indoor agriculture with a focus on cannabis

M&A

  • TyraTech : Proposed Sale of Vamousse for Initial Consideration of $13 Million in Cash, New Strategic Focus on Animal Health 4-Traders
  • Sample6 Pathogen DETECT Platform Acquired by IEH PR Newswire
  • rfxcel Acquires Frequentz Assets PR Newswire
  • Myriad Mobile Acquires iNet Solutions Group Business Wire
  • Future Farm Hires RwE In Preparation For Spin Off Of New Augmented Reality Cannabis Company NewMediaWire
  • AgroFresh Closes Acquisition of Controlling Interest in Tecnidex Business Wire
  • InnovaSea Systems Announces Acquisition of Amirix Systems PR Newswire
  • Bayer Receives CFIUS Clearance For Monsanto Deal RTTNews
  • Chinese Seed Producer Yuan Longping Acquires Dow AgroSciences’ Corn Seed Business in Brazil Yicai Global
  • Hydrofarm Acquires Greenstar Plant Products and Eddi’s Wholesale Garden SupplyBusiness Wire

New Product Announcement

  • Fluence Bioengineering Launches New Vertical Farming Lighting Solutions LEDinside
  • Zoetis Launches Vanguard® CIV H3N2/H3N8 Vaccine for Canine Influenza Virus Business Wire
  • GrowLife, Inc. Launches Cube Pro California Edition Grow Starter Kits; Recreational Market Compliant Business Wire
  • Swift Navigation Building An Autonomous Future Through Smart Vehicle Positioning And Navigation Technologies SuperbCrew
  • Verra Wellness launches cannabis nasal spray, other products in Colorado Cannabis Daily Record
  • American Robotics Unveils Fully Autonomous Drone System for Precision FarmingRoboticsTomorrow
  • Highline Mushrooms wins new product award The Packer
  • Farmcrowdy unveils app thenationonlineng.net
  • Autogrow launches cloud application fruitnet.com
  • Introducing Insights – Unlocking Data Potential ResponseSource

New Geo Entry

  • US biotech firm increases Teesside presence following successful year Bdaily

Business Partnership

  • UrtheCast and SIIS sign agreement for the global distribution of their respective portfoliosPR Newswire
  • Delta 9 Extends Partnership with Canopy Growth; Joins CraftGrow Program 4-Traders

Company Announcement

  • Future Farm Signs Contract to Buy Cannabis Zoned Building in Rhode IslandGlobeNewswire
  • Future Farm Signs First Cannabis Grower From Puget Sound Energy Rebate ProgramPR Newswire
  • Future Farm Closes on 120-Acre Licensed Industrial Hemp Farm Projects Over $10million in Revenue PR Newswire
  • Future Farm Releases LED Canada Update PR Newswire
  • ICC International Cannabis Corporation Changes its Name to ICC Labs Inc. to Reflect Medicinal and Pharmaceutical Opportunity Marketwired

Earning Release

  • Evogene Reports Third Quarter 2017 Financial Results GlobeNewswire
  • Avivagen Inc. Announces Results for Fiscal Year Ending October 31, 2017 4-Traders
  • CannTrust Turns To Profit In Q3 RTTNews

Research Partnership

  • Synlogic and Ginkgo Bioworks Announce Collaboration as First Step Toward Building an Unprecedented Discovery Engine for Novel Living Medicines in Neurological and Liver Disorders Business Wire
  • Systech International and NKP Pharma Expand Presence in India to Deliver Pharmaceutical Serialization and Traceability Solutions PR Newswire
  • Ceres Imaging Partners with Evergreen FS to Bring Pest and Disease Early Warning System to Corn and Soybean Farmers PR Newswire
  • NRGene Delivers First-ever Food Potato Genomes PR Newswire

Key People Movement

  • Kraig Biocraft Laboratories Expands Team With Appointment of New Molecular BiologistBioSpace
  • Future Farm Expands Management Team and Provides Information on Voluntary Shareholder Warrant Conversion PR Newswire

Board Updates

  • Avivagen appoints Aubrey Dan to the Board of Directors Talent4Boards
  • Arcadia Biosciences appoints Board member Kevin Comcowich as new ChairmanTalent4Boards

Regulatory Issue

  • India fines Monsanto for delays in answering anti-trust questions Reuters

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