AGTECHApplied Genetics Technology
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Pontifax AgTech Management, a growth capital investor in the global food and agriculture sector, has announced the close of its first fund, the Pontifax Global Food and Agriculture Technology Fund ("the Fund"), with commitments totaling USD 105 million, the company said.
Major acquisitions during 2017 changed the narrative around agtech exits, with John Deere acquiring robotics company Blue River Technology for $305 million, and DowDuPont acquiring farm management software platform Granular for $300 million.
Nutrition and Health & Wellness Industry Transactions: 2013-2015 2015:Q12 2014 2013 Total M&A 102 168 160 Financings Biotech & Agtech 15 11 5 Branded Food & Beverage 32 33 23 Ingredients & Contract Manufacturers 2 6 5 OTC & Personal Care 2 10 5 Retail and Distribution 4 9 4 Supplements 1 6 4 Technology--Apps, Information, Media * 20 31 13 Technology--Delivery Service * 35 28 9 Technology--Devices: Analytical, Diagnostic 5 18 8 & Monitoring Technology--E-Commerce * 5 20 7 Technology--Software 3 14 3 Other 9 18 7 Total Financings 133 204 93 Source: Nutrition Capital Network, NCN Transaction Database.
So will funding of agtech startups result in disruption of any parts of agriculture?
The vice-president was speaking at the inauguration of the three-day AP AgTech Summit-2017, organised by the Andhra Pradesh Government in Visakhapatnam.
Investment in AgTech from outside investors is up substantially.
Foley, Ph.D., interim chancellor of the University of Missouri (MU) and Blake Meyers, Ph.D., principle investigator, Danforth Center and professor, Division of Plant Sciences, University of Missouri will discuss the growing agtech industry and the strong tradition of plant science research in Missouri.
The chief minister was speaking at the inauguration ceremony of the three-day AP AgTech Summit-2017, organised by the Andhra Pradesh Government in Visakhapatnam.
As President of AgLaunch, he leads the drive to support the development and growth of Agtech and valuechain startups.