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AgTech Navigator News
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UK-based Tropic has raised $105 million in a Series C funding round to scale its climate-resilient banana and rice product lines, utilizing CRISPR-like gene-editing tools. The funding, led by Forbion and Corteva, will aid in high-volume plant production, global supply chain expansion, and strategic partnerships, as governments update regulations to facilitate gene-edited crop deployment. Tropic's innovations include non-browning and extended shelf-life bananas, with commercial demand exceeding supply, and a programme targeting Panama Disease TR4. This investment reflects a broader trend towards agri-biotech solutions for sustainability and crop resilience.
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Amatera, a French biotech company founded in 2022, secured €6 million in seed funding to advance its AI-powered non-GMO crop breeding platform, which integrates plant cell biology, robotics, and AI to speed up trait evaluation and prediction. Initially applied to coffee and wine grapes, the platform aims to expand to staple crops, promising to make breeding faster and more cost-effective, helping to address climate resilience challenges in agriculture.