Agtech news and trends

ProducePay Raises $38 Million to Expand Fresh Produce Industry Platform
Investments // February 05, 2024

ProducePay, an AgTech company focused on strengthening the fresh produce supply chain, has raised $38 million in Series D financing. With this capital infusion, the company plans to further develop its technology and services and accelerate its global expansion to Europe, Asia, Africa and Australia,...

Silo Technologies Raises $132 Million in New Capital
Supply Chain // July 12, 2023

Silo Technologies, a provider of financial technology for distributors and grower shipper businesses in the perishable food supply chain, has raised $132 million in new capital. This includes a $32 million Series C round and a $100 million funding facility from First Citizens Bank, Silo...

India’s WayCool Foods Raises $6.5M to Boost Technology
B2B Payments // July 09, 2022

Business-to-business (B2B) agri-commerce company WayCool Foods raised the equivalent of $6.5 million in debt funding to make technology-related expansions, according to multiple news reports. The funding was led by Stride Ventures, which has been expanding its portfolio of new-age Indian startups across different sectors. The...

FinTech Takes Fresh Approach To Financing The Buying and Selling of Perishable Produce
B2B Payments // March 01, 2022

The produce industry is inherently uncertain, because Mother Nature has a lot to say when it comes to growing fruits and vegetables. As a result, prices and availability fluctuate. “This inherent variability creates noise in the industry and ultimately makes it hard for people to...

Interviews & Exclusives
The Farm to Finance Revolution: How AI Is Transforming Agriculture

August 28, 2024
Technology has long had a profound impact on farming practices. With the advent of artificial intelligence, the growing intersection of AgTech, finance and robotics is helping ensure that the future of agriculture stays fertile. “AI and machine learning are not new technologies,” Ceres AI CEO Ramsey Masri told PYMNTS’ CEO Karen Webster. “They’ve been around […]

Bill Gates’ Land Grab Fuels Speculation About Smart Cities, AgTech Plans

March 04, 2021
Bill Gates’ interests are quietly moving from server farms to soil farms. No one knows why except Bill and Melinda Gates and their inner circle, but the speculation is turning...

Quick Reads
ProducePay Raises $38 Million to Expand Fresh Produce Industry Platform

February 05, 2024
ProducePay, an AgTech company focused on strengthening the fresh produce supply chain, has raised $38 million in Series D financing. With this capital infusion, the company plans to further develop its technology and services and accelerate its global expansion to Europe, Asia, Africa and Australia, ProducePay said in a Monday (Feb. 5) press release. ProducePay’s […]

Silo Technologies Raises $132 Million in New Capital

July 12, 2023
Silo Technologies, a provider of financial technology for distributors and grower shipper businesses in the perishable food supply chain, has raised $132 million in new capital. This includes a $32...

India’s WayCool Foods Raises $6.5M to Boost Technology

July 09, 2022
Business-to-business (B2B) agri-commerce company WayCool Foods raised the equivalent of $6.5 million in debt funding to make technology-related expansions, according to multiple news reports. The funding was led by Stride...