Top 10 AgTech Capital Raises in the U.S. – October 1st-15th, 2024
Several interesting transactions closed in the AgTech sector this past 2 weeks. If you would like more info on these deals or would like to discuss the capital raising market for your company, please contact me.
Later Stage VC
- Entosystem, producer of insect proteins with added value intended to reduce food waste for a sustainable agri-food sector, raised $58 million of venture funding in a deal led by Sanimax, Idealist Capital and Fondaction.
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Plantible, producer of sustainable plant-based protein intended to revolutionize the food industry, raised $30 million of Series B venture funding from Pulse Fund.
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Ascribe, developer of crop protection products designed to protect crops from Rhizoctonia, raised $2.15 million of venture funding.
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EMGenisys, developer of a proprietary software platform designed to improve animal production and promote sustainability, raised $521,435 of venture funding.
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Guardian Agriculture, developer of autonomous lithium-battery-powered electric vertical takeoff and landing systems designed for sustainable farming on a commercial scale, raised $10.74 million of venture funding.
Early Stage VC
- Oaken, developer of a digital relationship, lease, and land management software designed to manage agribusinesses and their trusted advisors, raised $700,000 of Series 1 venture funding from Grit Road Partners, putting the company’s pre-money valuation at $8 million.
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AcreShield, provider of seed prescription services designed to enhance seed selection for farmers, raised an estimated $2.5 million of Series A venture funding in a deal led by Vertical Ventures.
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FruitScout, operator of a crop load management platform intended to automate farming processes, raised $3.8 million of venture funding.
Angel, Seed, and Grant
- Smart Agri Labs, developer of crowdsourced data analytics platform designed to improve the sustainability and profitability of small farms globally, company joined Alchemist Accelerator as a part of on Inaugural Cohort of Alchemist Japan program and received $25,000 in funding, putting company’s pre-money valuation at $475,000.
- Cirsium Biosciences, operator of a research and development biotechnology company intended for the production of gene therapies, received $61 million of grant funding from ARPA-H.
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Karen Witt
Managing Director
20 years of experience in financial services including all facets of lending and portfolio management. Advised companies on mergers and acquisitions, market expansion, product launch and process improvement. Industry experience includes banking/fintech/payments, construction/real estate development, energy, manufacturing, agriculture, and software development. BA (Business) and MBA from Anderson School of Management, University of New Mexico. FINRA Series 7 and 63 licenses
- Email: kwitt@castleplacement.com
- (C) (406) 471-8088
 Karen WittManaging Director |
Please contact me if you have any questions or would like to discuss your capital raise:
Email: kwitt@castleplacement.com
(C) (406) 471-8088
Sources: Information on this page was derived from a variety of sources including Bloomberg, Company Websites, Crunchbase, PitchBook and other news outlets. Castle Placement™ does not warrant or guarantee this information, nor makes any representations as to the accuracy of the information. For more Risks, see CPGO Risks and Disclaimers.
