Tidal Vision wraps up $140M Series B round

This past week in the AgriFoodTech sector, significant funding rounds were completed by multiple companies emphasizing the growing importance and innovation within the industry. Tidal Vision, a developer of chitosan solutions, successfully closed a Series B funding round securing $140 million. Sweet protein innovator Oobli joined forces with established ingredient producer Ingredion to secure $18 million to advance their products, while Stockholm-based Agteria raised $6.2 million in seed funding to work on methane-reducing additives for animal feed. Tidal Vision's development and funding highlight the increasing focus on sustainable technology in agriculture. Besides the funding activities, consolidation was apparent downstream in the industry as India-based KiranaPro acquired grocery delivery service Joper, and Finnish startup Raisio divested its plant protein business to dairy giant Valio, marking a notable shift and evolution in business strategies across the sector.