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Unnamed stage $600k

Indigenous-backed Bush Beef project seeks $10m for ethical wild food

A Far North Queensland Aboriginal corporation has raised $600,000 toward its wild-harvested Bush Beef venture and is seeking further backing, alongside a government-commissioned report finding consumers will pay more for Indigenous produce.

Funding announcement

Wise Repro launches state-of-the-art semen processing lab

A Queensland cattle genetics business has opened a laboratory to process bull semen at Glen Aplin with government grant support, and a partner will sort sexed semen there from early 2026.

2 deals

$10m capital raising accelerating genetic improvement in cattle

Queensland cattle biotech Nbryo completed a $10 million raise backed by Tenacious Ventures, AgriZeroNZ, QIC and Mandalay, and reports over $18 million in grants from the Gates Foundation and Meat & Livestock Australia.

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Exit / M&A

Australian plant protein pioneer enters voluntary administration

Beef Central reports that plant-based protein producer Proform Foods, whose backers include Andrew Forrest's Harvest Road, has entered voluntary administration, with KPMG appointed and operations continuing during a sale process.

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2 deals

Bill Gates, Twiggy invest in methane-reducing feed additive company

WA climate tech firm Rumin8 closed the second phase of its seed round, raising US$12 million from Breakthrough Energy Ventures and Harvest Road Group, with existing climate fund investors topping up their holdings.

Also SmartCompany·Techboard

8 deals

$28.9m in grants issued to help improve soil carbon technology

Eight projects share 28.9 million dollars in Australian government grants under the National Soil Carbon Innovation Challenge, funding cheaper technologies for measuring soil organic carbon, with ministers Bowen and Watt announcing the recipients.

3 deals

Agtech investment momentum continues, despite economic downturn

Coverage of AgFunder and AgriFutures' new Asia-Pacific investment report, which found Australian agrifoodtech startups attracted $565.5 million across 55 deals in 2021, plus Lyro's raises and evokeAG 2023 applications.

Also Startup Daily·Startup Daily

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News

Methane-reducing seaweed additive now commercially available for beef producers

Asparagopsis seaweed feed supplement reaches commercial phase in Australia as CH4 Global records first feedlot sales. FutureFeed licenses CSIRO-discovered technology, with Sea Forest and SeaStock also taking orders from beef producers.

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