Yume has raised $2 million to reduce food waste in Australia. Yume’s online portal, which sells “surplus food” by connecting suppliers to buyers, has transacted A$400,000 since launching last year. The startup’s A$2.6 million ($2 million) financing included Impact Generation Partners and the Vincent Fairfax, Myer and English family foundations. “Surplus food is not necessarily close
Arc-net, based in Northern Ireland, is using the technology behind bitcoin to tackle food fraud — part of what could become a $14 billion tech market by 2019. Arc-net’s founders say their approach was inspired by the UK’s 2013 “horsemeat scandal.” Arc-net uses DNA sampling to verify food sources (other ventures do the same), then uses blockchain to
Farms are being “teched up” to make feeding the world (9.7 billion people by 2050!) more sustainable and profitable. The number of venture investments in agriculture technology, or agtech, was up 10 percent last year versus a 24 percent drop in global VC deal activity, according to AgFunder’s 2016 report. Total agtech funding, however, fell
Dealflow #Dealflow : Tyson Goes Beyond Meat, Bridges Backs Vegetarian Express and USDA Invests in Rural Development Nov. 13, 2016 Sustainable food, animal welfare and the logical (if not always fully satisfying) conclusion, vegetarianism, is rising as an investment theme (have a listen to our recent podcast, “How Bringing Animals Into Impact Investing Can Help People, Too”).