Sustainable Food & AgTech Market Update – October 2018

Sustainable Food & AgTech Market Update Newsletter - October 2018

Greentech Capital Advisors’ Sustainable Food & AgTech Monthly Market Update summarizes key announcements, M&A, and capital raising activity related to sustainable agriculture, while providing detailed trading metrics on public companies across the sector.

Key Takeaways:

  • Instacart raised a growth financing round of $600mm at a $7.6bn valuation and Imperfect Produce received an undisclosed investment to arrive at a valuation of upwards of $180mm, as evidence of interest in the grocery delivery space; the early success of these startups will draw attention and competition from incumbents such as Amazon and Walmart, who are still developing their strategy for the space
  • Pivot Bio, a producer of clean alternatives synthetic fertilizers, raised a $70mm Series B round and Geltor, a bio-design company that makes sustainable advanced proteins, raised a $18.2mm Series A round. Traditional venture capital investors are starting to show significant interest in sustainable and high yielding farming inputs
  • In the midst of the shift by strategic players, to move to more sustainable supply chains, Mondelez has announced plans to make all packaging recyclable by 2025