AfDB approves US$81.7m in funding for agricultural expansion in Sudan

SUDAN – The African Development Bank’s Board of Directors has approved a US$60m loan to Elnefeidi Group Holding Company in Sudan to help finance its long-term agriculture and food expansion programme. The loan is expected […]

Indian meat delivery startup Licious closes US$30m funding round

INDIA – Licious, an Indian online fresh meat and seafood brand has closed US$30 million Series E funding round led by Bengaluru-based investor Vertex Growth. Licious’ existing set of backers, which includes, 3one4 Capital, Bertelsman […]

Dairy alternatives startup Perfect Day raises US$140m in Series C funding round

USA – Perfect Day, a California-based dairy alternatives startup has raised US$140 million in Series C Funding round led by Singapore’s investment giant Temasek to help commercialize its ingredients and expand its footprint. The funding […]

French e-grocery shopping platform Jow raises US$7m additional funding

FRANCE – French e-grocery startup Jow has raised US$7 million in new funding led by Stride.VC alongside DST Partners, as well as Caterina Fake and Jyri Engeström from Yes VC and Shan-Lyn Ma, the co-founder […]

Plant-based ingredients maker Nutriati raises US$12.7m in funding

USA – American plant-based ingredient maker, Nutriati has raised US$12.7 million in a Series C Funding round to support research and development, increase production capacity and expand its footprint. The funding round was led by […]

Chinese fruit supply company Hongjiu Fruit raises US$71m in funding

CHINA – Hongjiu Fruit, which operates across the fruit supply chain in Asia, has secured US$71 million (500 million yuan) in funding as part of its Series C round led by the CMC Capital Partners.  […]

Indoor farming startup Bowery Farming raises US$50m in funding

USA – New York-based indoor farming startup, Bowery Farming Inc has raised US$50 million in funding in an extension of its Series B round. The funding was led by Singapore state investor Temasek with participation […]

Coffee stakeholders’ partner to launch US$950m Africa Coffee Facility

AFRICA – The Inter African Coffee Organisation (IACO) in partnership with the Centre for Agriculture & Biosciences International (CABI) and the International Coffee Organization (ICO) have launched the Africa Coffee Facility’ (ACF) worth US$950 million […]