#Sementis: +US$66 million BR agfoodtech, climate report and more

#17 - July in LATAM - Sementis

Holaaaa, Oláaaaa, Helloooo

I hope this email finds you well.

Starting today's edition with that Olympic spirit! Go Latin America!

It’s inspiring to see athletes breaking their own records. For sport and for our lives.

For this edition, we have a lot of news, 4 deals, H1 Brazilian Agfoodtech investment (+ US$66 million!), a climate report and much more!

Follow the WhatsApp channel for weekly news and my Instagram and LinkedIn for daily news.

On August 29, I will participate in the Download | World Agri-Tech South America Summit 2024 event panel with ADM and BASF! Join us if you're in Sao Paulo!

And, before we start, I would like to ask you to sign up for the Newsletter for free, just to support my work.

Disclaimer: The views and opinions expressed here are solely my own and don’t necessarily reflect the views or positions of any entities I represent.

Let's go!

Topics we will cover:

• 🤝 New Startups Deals

• 🌱 Ag

•  🍇 Food

• 🌤️ Climate

• 💡 General News

• 👩🏻‍💻 Publications

• 🗓️ Events

• 💼 Job Openings

• 💬 Quote of the Month

• 👀 Before you go…

• Bready raises R$600,000 to invest in research and development

• Farmtech raises US$10 million from Bewater

• IDGeo raises R$6 M with CVC from Banco do Brasil

• Meu Pescado expands monitoring of fish and shrimp in Brazil

• ADM releases annual report on regenerative agriculture

• AGCO sells global business for US$700 million

• Agriconnection already makes almost R$2 billion with pesticides

• AgroForte cresce com seu ovo de Colombo: conceder crédito para as cadeias de aves e leite

• Assertif creates “tax bank” to turn taxes into credit

• BASF - Greatest Challenges do AgroStart seeks solution for tracking and managing inventory of soybean leaf samples

• Brandt and MyCarbon connect organics and carbon credits in grains

• BTG and IFC mobilize US$50 million for reforestation in Latin America

• BTG: The mega offer of R$8.5 billion in CDCA

• ByMyCell Founder Q&A: Building a biotech startup in Brazil for healthier crops

• Cargill and Mosaic: partnership with biological and soil health generates credit and cashback

• Cargill's Land Innovation Fund tries to give greener tones to production in the Cerrado

• CLI Logística invests R$ 1 billion to change the level of the port structure for agriculture

• Cocamar and city halls create unprecedented network to monitor the climate

• Cocriagro gains momentum for national expansion

• Cropin reinforces itself to advance in Brazil

• DVA Agro moves global HQ to Brazil to double its size

• E-agro, from Bradesco, accelerates “first Harvest Plan” to grow 70% this year

• Embrapa and Jacto form a partnership to bring precision agriculture to small producers

• IMBR signs partnership with Varda, from Yara

• Fuga Pras Colinas: urban exodus becomes a connectivity business, with an eye abroad

• Perfect Flight obtains innovative patent in the USA

• Klabin buys billions of forestry assets from Arauco

• Korin wants to grow with bioinputs

• Minas Port doubles its investment in agriculture and will have fertilizer warehouses in the Port of Açu

• MSD Saúde Animal expands “surveillance” of cattle to continue growing in Brazil

• MUU Agrotech and NVIDIA present artificial intelligence

• Nexat’s “monster machine” runs first harvest at Agro Basso and accelerates plans in Brazil

• Senior systems buys GAtec

• Sensix will test the American market with consultancy

• Sette prepares R$10 million round to seek breakeven

• Siemens develops projects and businesses in agriculture

• SLC Agricola closes joint venture with RZK to expand operations in Mato Grosso

• SLC Agrícola signs an agreement to acquire autonomous drones for crop protection

• Suno and XP kick off agricultural education platform

• Suno tests the Fiagros market and follows up to raise up to R$351 million

• Systemica, de créditos de carbono, entra no negócio de agroflorestas

• SLC vai usar aviões elétricos autônomos em sua frota de aeronaves agrícolas

• Sound Ag targets Brazilian soils

• Vankka innovates with science and AI to reduce carbon emissions

• UP2Tech: Cow tracking undergoes testing on MT farms

• UPL: we have already reached the bioinput target in Brazil, says CEO

• Yvy Capital has an agreement to invest R$300 million in Solinftec

• ZoomAgri puts soybeans in focus to make Brazil its main market

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• Brazil consolidates itself as the largest producer of animal feed in Latin America, says survey

• Brazilian government creates “Fertilizer Embrapa” and tries to unlock investments of R$ 150 billion

• Why are the big techs keeping an eye on agriculture and the Brazilian carbon market?

• Mercado Different invests R$1.5 million in virtual shopping assistant

• Scala launches e-commerce platform offering personalized shopping journey in partnership with foodtech Food2C

• Typcal turns fungi into “meat

• Low food waste is a trend that reduces costs, increases sustainability and even creates new businesses

• Agroforestry opens round, arrives in Europe and announces COO

• BNDES will release R$32 billion from the Climate Fund

• Carrefour contributes R$28 million to businesses that coexist with the forest

• Carrot.eco uses blockchain to generate carbon credits

• Climatempo signs strategic partnership with Comgás

• Fortescue takes another step forward in green hydrogen megaproject at the Port of Pecem, Ceara

• Honeywell has (bio)fuel to double its size every year in Brazil

• Pro-nature business alliance with 130 companies calls for urgent action from governments

• Just ClimateJust Climate seeks to reduce the environmental impact of agriculture

• Marina Feffer's Generation Pledge has already mobilized US$840 million in donations from heirs

• Morpho receives R$ 1M to reforest Rio

• Natura completes fundraising of R$1.3 billion in green bonds and attracts IFC and BID

• Climate investment waits for no one

• Latam Climate Turnaroud - Why Fama's activist fund invested in SLC

• Suzano: why the company invested R$22 billion in a new low-carbon factory?

• Tero Carbon's plan to bring the carbon market to small and medium producers

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• 70% of micro and small businesses in Brazil want to be more sustainable, says research

• Brazil details billion-dollar global fund proposal to protect tropical forests

• Brazil - Northeast Fund releases R$92 million for energy transition projects

• Colombia prepares credit for US$138.5 million for the energy transition

• La Niña threatens to increase global inflation and bring losses to emerging markets

• 'Water stress' can affect health, nutrition and increase inequality in Latin American countries, says UN

• Worsening weather will impact grain production sooner than expected, says USDA study

General:

• Argentina will hinder LatAm growth in 2024: this is how Brazil and Mexico will fare, according to IMF

• Artificial Intelligence can transform millions of jobs in Latin America and the Caribbean, says ILO

• Brazil boosts VC rounds in Latin America

• Start the business of data centers with AI in South America; your potential is high

• Uruguay: the refuge of the most successful technology entrepreneurs in LatAm faces a challenge

Highlights:

1. Investment

More than US$66 million was invested in Brazilian agfoodtech in the first half of 2024, according to a research by Rural Insights.

Agfintechs were prominent in the size of checks, and startups that use AI were present, such as Cromai, umgrauemeio and BemAgro.

2. Climate

In June, we released the Rural Insights Report - Climate and Agribusiness: Technology for Climate Resilience.

In this edition, you learn more about:

• The importance of climate resilience

• The origin of meteorology

• Expert's vision: Caio Souza - Head of Agribusiness at Climatempo

• Grower's vision: Caio Penido - President of IMAC - Mato Grosso Meat Institute President of the Pioneira Farm Council (Agro Penido & SLC Agrícola)

• Innovation and technology for climate resilience

• Climate Techs and investments

• Technological solutions for climate resilience: Metos Brasil, umgrauemeio and Salva.

• CEOs' vision: Luciano Loman, Rogerio Cavalcante and Mariana Caetano

Free Download: Portuguese and English

• AgFunder e ISF Advisors with support from the Bill & Melinda Gates Foundation: Climate Capital: Financing Adaptation Pathways for Smallholder Farmers

• Brazilian Biodiversity and Ecosystem Services Platform - Thematic Report Agriculture, Biodiversity and Ecosystem Services

• DJI - Drone Industry Insight (2023/2024)

• Rural Insights Report - Climate and Agribusiness: Technology for Climate Resilience

• Sling Hub & Itaú BBA - Q2 2024 LatAm startup

• Unilever: Menus of the Future

Call for Startups:

• 🇧🇷 Aug, 9: AgroStart BASF

• 🇧🇷 Aug, 9: ABDI and IBT Innovation: Industry Startup

• 🇧🇷 Ago, 25: Inova Cerrado 2024

• 🇧🇷 AptaHub Call to Support Solutions for Agriculture

• 🇧🇷 Nexus is accepting applications for the Batch#24 startup acceleration and incubation program

Upcoming events:

• 🇧🇷 Aug, 5: ABAG Congress

• 🌎 💻 Aug, 6: Exploring the Data & AI Landscape: Unveiling Industry Trends, Practical Challenges, and Expert Insights

• 🇧🇷 Aug, 6-8: International Animal Protein Salon

• 🇦🇷 Aug, 7-9: AAPRESID Congress

• 🇧🇷Aug, 13 - Agro ao Cubo - Risk management in Agribusiness

• 🇧🇷 Aug, 16: Rio Innovation Week

• 🇧🇷 Aug, 26 - 28: São Paulo Climate Week

• 🇧🇷 Aug, 28 - Download | World Agri-Tech South America Summit 2024

• 🇧🇷 Aug 28-29: 5th DATAGRO Opening Season – Soybean, Corn and Cotton

• 🇨🇴 Aug 26 - Sep 3 - Colombia Tech Week

• 🇧🇷 Sep 12 - Artificial Intelligence in Agribusiness

• 2024 LATAM Events Full List

• 🌎 Latam - Somewhere’s customer (food, agriculture, and biotech industry) - Strategy and Operations Associate

• 🇦🇷 Bayer - Technology Deployment Scientist

• 🇦🇷 Agricultural Sales Talent Community

• 🇧🇷 Conservation International - Senior Manager, Negotiations & Natural Climate Solutions

• 🇧🇷 Decken IA - Home Office Agronomist

• 🇧🇷 EcoFlow - Business Development Manager

• 🇧🇷 Intelup - Sales Executive

• 🇧🇷 Louis Dreyfus Company - Sustainability Analist

• 🇧🇷 Principles for Responsible Investment - New Business Solutions Specialist, Responsible Investment Ecosystem

• 🇧🇷 Puratos - Product Manager

• 🇧🇷 Solinftec - Digital Marketing Specialist

• 🇧🇷 Stepan Company - Global Market Manager - Agriculture

• 🇧🇷 Strada - Chief Customer Officer

• 🇧🇷 The Nature Conservancy (TNC) - Value Chain Engagement Specialist

• 🇨🇴🇸🇻🇬🇹🇲🇽 Acesso - Program Director

• 🇨🇴 Conservation International - Technical Director, Sustainable Coffee

• 🇨🇴 Palladium: Make It Possible - Market Linkage Specialist, Catatumbo - USAID Colombia Sustainable Agriculture

• 🇨🇱 USDA - Natural Resource Specialist / Soil Conservationist🇬🇹 Syngenta - Technology Scientist

• 🇭🇹 Acceso - Agriprograms Director, Haiti

• 🇲🇽 Bayer - Technology Deployment Scientist

• 🇲🇽 New Sun Crop Science - Key Account Manager in Mexico

• 🇨🇷 Deep Science Ventures - Co-Founder in Residence, Accelerating Crop Lifecycle to Boost Farm Productivity

• 🇵🇪 ResponsAbility Investments AG - Assistant- Sustainable Food Debt

• 🇵🇪 SGS - Environmental Consultant in Biodiversity - Leader

“These difficulties make us understand where we can go and what we are capable of doing" Rebeca Andrade - Brazilian ginasta 🥈

Meme of the Month

Here we are! 🙋‍♀️🙋

And I’m sorry, but Brazil is winning in the Olympic MEME medal table 🥇🥇🥇🥇

😂😂😂

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That's it, folks! If you want to share some news from your company or project in this Newsletter, you can send it to me. 🤗

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Saludos,

Juh Chini, a dreamer

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