Ledger.

Founder, Farmers2Founders

Sarah Nolet

Coverage

Stories naming Sarah Nolet. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.

Funding announcement

The world's first Drought Venture Studio is on the hunt for agtech ideas to future proof farmers

Beanstalk Ventures' Drought Venture Studio, supported by the national Future Drought Fund, has showcased eight agtech startups from its first cohort and moved four into a longer second phase; a second cohort is underway.

5 deals

Agtech VC Tenacious Ventures plants $18 million in first close for Fund II

Agtech investor Tenacious Ventures reached an $18 million first close on its second fund, which has a $50 million target; backers include Trawalla Group, Wollemi Capital Group and Macdoch Ventures.

Also Forbes Australia

6 deals

Five Australian startups that raised at least $38.2 million this week

Roundup of five Australian startups that secured new capital this week: Amber Electric's $29m Series C, ProcurePro's $6.15m, Yume's $2m seed, Alt.Leather's $1.1m seed, plus an undisclosed Tenacious Ventures investment in Nbryo.

6 deals

After closing $27m maiden fund, Tenacious Ventures seeks to scale-up Australian agrifoodtech

Agrifoodtech venture firm Tenacious Ventures has completed the final close of its debut fund at A$35 million, with CEFC and Grok Ventures as cornerstone backers, and has so far backed six startups including Goterra, Nori and Vow.

2 deals

Tenacious Ventures closes first agrifood tech fund, oversubscribed at $35m

Tenacious Ventures closed its debut agrifood tech fund oversubscribed at A$35 million, after a March 2020 first close of just over $20 million backed by the CEFC's Clean Energy Innovation Fund and Grok Ventures.

Also Startup Daily·AgFunderNews·SmartCompany·SmartCompany·Startup Daily·Startup Daily·AgFunderNews·evokeag.com·farmingahead.com.au·Dynamic Business·agriinvestor.com·@AuManufacturing·AgFunderNews·globalaginvesting.com·@AuManufacturing·globalventuring.com

Unnamed stage $4.5m

SwarmFarm raises $3.2m to grow its open platform for ag robotics

An Australian agricultural robotics maker has secured a multi-million-dollar round led by two local venture firms, with a Queensland government fund also backing, to expand engineering, production and its robot app ecosystem.

Also SmartCompany·SmartCompany·SmartCompany·SmartCompany

3 deals

Australia joins agrifoodtech VC party with Tenacious Ventures’ $16m raise

Interview with Tenacious Ventures co-founder Sarah Nolet on the firm's $16 million close toward a $30 million agri-foodtech fund backed by CEFC and Grok Ventures, alongside recent Australian agtech deals.

Also AgFunderNews·Startup Daily·SmartCompany·SmartCompany·SmartCompany·SmartCompany·Startup Daily·AgFunderNews

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