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Waabi raises $200MM to launch driverless trucks in 2025

- General News
Waabi, a company pioneering generative AI for the physical world, today announced it has raised $200 million in an oversubscribed Series B round, led by Uber and Khosla Ventures.

Agrovision receives financing boost for expansion

- General News
Agrovision, known for its premium berries sold under The Fruitist and Big Skye brands, today announced a growth capital investment led by Los Angeles-based Aliment Capital, a global investment firm investing across the food value chain, health and nutrition, and the supply chain.

Chipotle doubles pledge to Cultivate Next fund to $100MM

- General News
Chipotle Mexican Grill today announced it is increasing its commitment to its Cultivate Next venture fund by $50 million, which brings the fund's total investment pool to $100 million.

Oishii raises $134MM for vertical farming expansion

- General News
Vertical farming leader Oishii announced the closing of $134 million in Series B funding from a diverse group of investors with deep expertise in food tech, sustainable agriculture, and automation.

ProducePay raises $38 million to accelerate growth

- General News
ProducePay, the agtech company recognized as one of Fast Company’s Most Innovative Companies and the World Economic Forum’s newest Unicorn Innovators for its transformational work strengthening the fresh produce supply chain, today announced $38 million in Series D financing.

Merchants Distributors, Lowes Foods parent gets financial boost

- General News
First Citizens Bank today announced that it served as syndication agent, joint lead arranger and joint bookrunner on a $400 million senior credit facility for Alex Lee Inc.

Farmland and the institutional investor

- Analysis
Microsoft czar Bill Gates has gotten attention for his purchases of farmland: some 275,000 acres (another figure gives 242,000 acres).

Silo secures $132MM to support food supply chain

- General News
Silo Technologies, the leading provider of modern technology solutions for the food supply chain, today announces $132 million in new capital.

Food Lion spending $50MM to remodel stores

- Retail
With a capital investment exceeding $50 million, Food Lion is unveiling remodeled stores in Wilmington, NC, that feature a new, easier shopping experience for customers.

Local Bounti releases 2022 financial results, secures $145MM of additional financing

- General News
Local Bounti today announced its financial results for the three and twelve months ended December 31, 2022 and provided sales guidance for full year 2023.