THRIVE Announces 2019 Top 50 Report Highlighting Leading Growth Stage Companies & Unicorn Predictions in Food and AgTech

San Francisco, March 11, 2019 – SVG Ventures today announced its 2019 THRIVE Top 50 Report, an annual ranking of 50 leading global AgTech companiesexemplifying the best in agriculture and food-focused innovation. Recognizing companies across 6 different technology categories and seven problem areas within agriculture and food, the list is the result of six months of rigorous research and analysiswith input provided by SVG Ventures corporate partners’ Trimble, Land O’Lakes, Wilbur Ellis, Taylor Farms, Elanco, Corteva, E&J Gallo Winery, Verizon Wireless, the City of Salinas, Western Growers Association, Yamaha Motor Venture & Laboratory Silicon Valley, Driscoll’s Berries, JV Smith, and Wells Fargo.

 

The 2019 report uses data from SVG Ventures’ startup database and supplementary industry data to identify 50 companies that are series A funded and have recently fundraised as well as have a product in market. The final fifty companies reflected in this year’s report were then categorized into six main technology categories- Biotechnology, Connected Devices, Cloud Services/Saas, Robotics & Automation, Next-Gen Farms, and Big Data & Analytics- and seven problem areas- Health & Nutrition, Labor, Farm Management, Environmental Sustainability, Food Safety, Traceability, And E-Commerce.

 

The report also includes analysis and highlights of industry exits, including the purchase of previous THRIVE Top 50 companies Agrible, by Nutrien for $63M, and Strider by Syngenta, amongst other purchases led by Land O’Lakes, Merck and Jain Irrigation.

 

In addition, 2019’s report includes THRIVE’s 25 Ones to Watch, a list is comprised of 25 agtech companies that fell just short of meeting the top 50 criteria(series A, recent large fundraise and a product in market).

 

Finally,2019 Unicorn Contenders predicts the industry’s next billion-dollar companies, and this year is dominated by vertically integrated ‘next-gen’ farms including AeroFarms and Brightfarms, and top biotechnology contenders Gingko Bioworks and Indigo Ag.

 

“This year’s awardees are developing incredible solutions that enable the agriculture and food industries to respond in a proactive way to urgent environmental challenges, labor shortages, food security, and human health concerns” said SVG Ventures-THRIVE Founder and CEO John Hartnett, “Top 50 companies are critical assets to the industry and we are proud to highlight the incredible spectrum of innovation represented by this year’s Top 50.”

THRIVE Top 50 company founders and executives, including CropIn Technology Solutions, AeroFarms, Pivot Bio, Prospera, Taranis Ag, Bension Hill Biosciences and Solinftech, will present onstage during THRIVE’s AgTech Innovation Summit on March 27, hosted for the first time at Santa Clara University.

 

Big Data Analytics

Ceres Imaging

Farmer’s Edge Laboratories

Farmers Business Network

Phytech Inc

PrecisionHawk, Inc

ProducePay

Prospera

Resson

Taranis

 

Biotechnology

AgBiome

Agriprotein

Apeel Sciences

Benson Hill Biosystems

Cibus

Clear Labs

Concentric Ag Corporation

Cool Planet Energy Systems

Ginkgo Bioworks

Inari

Indigo

Myco Technology

Nuritas

Pairwise Plants

Phytelligence

Pivot Bio

PlantResponse

Provivi

Rootility

SafeTraces

VoloAgri

Zymergen

 

Cloud Services/SaaS

Agriwebb

AgWorld

Cibo Technologies

Conservis

CropIn Technologies

FarmLogs

Farmobile

 

Connected Devices

Advanced Animal Diagnostics

CropX

Hortau

Semios

Solinftec

Stellapps technologies Pvt. Ltd.

Understory

 

Next Gen Farms

AeroFarms

Bowery Farming

BrightFarms

Plenty Inc.

 

Robotics & Automation

Harvest Automation

 

About SVG Ventures-THRIVE

SVG-THRIVE is the leading agri-food innovation ecosystem, comprised of top agriculture, food & technology corporations, universities and investors. With a community of over 1,500 startups from 67 countries, the THRIVE platform invests, accelerates and creates unparalleled access for entrepreneurs to scale globally. SVG Ventures-THRIVE is based in Silicon Valley, California.

 

SVG Ventures-THRIVE Platform Announces Strategic Partnership With E. & J. Gallo Winery

San Francisco, California (March 11, 2019) – SVG Ventures, a California-based venture and innovation firm, announced today its latest partnership with E. & J. Gallo Winery (Gallo), the world’s largest family-owned winery.

 

As an industry leader committed to innovation, Gallo will leverage the SVG Ventures-THRIVE AgTech brand to identify and accelerate disruptive technologies for the wine industry. A $35 billion industry in the U.S. with the size of the global market reaching $423 billion by 2023, wine represents a significant opportunity for disruptive tech startups. Despite growth and significant M&A activity led by Gallo,the industry faces challenges  as consumer preferences around the world evolve and retail contexts are changing.

 

“We are very excited to partner with SVG Ventures-THRIVE Platform to advance innovation in the wine industry” said Greg Coleman, Vice President of Central Valley Grower Relations.  He added, “we are continuously looking for new ways to drive efficiencies in our business and to keep up with growing demand and changing consumer preferences.”

 

“We are delighted to welcome Gallo as the latest partner to join our global agtech investment and innovation platform,” said John Hartnett, Founder & CEO of SVG Ventures-THRIVE.  “Wine is an incredible opportunity for our startups and we look forward to tapping into the expertise of Gallo,” he added.

 

Leadership from E. & J. Gallo Winery will attend the THRIVE Innovation Summit in late March.

 

About E. & J. Gallo Winery

Founded by brothers Ernest and Julio Gallo in 1933 in Modesto, California, E. & J. Gallo Winery is the world’s largest family-owned winery and the acclaimed producer of award-winning wines and spirits featured in more than 110 countries around the globe. A pioneer in the art of grape growing, winemaking, sustainable practices, marketing and worldwide distribution, Gallo crafts and imports wines and spirits to suit a diverse range of tastes and occasions, from everyday offerings to boutique, luxury bottlings.

 

The Gallo portfolio is comprised of more than 100 unique brands, including Barefoot Cellars, Dark Horse, and Gallo Family Vineyards, as well as premium box wines The Naked Grape and Vin Vault. Premium offerings include Apothic, Carnivor, Chateau Souverain, Columbia Winery, Ecco Domani, Edna Valley Vineyard, J Vineyards & Winery, Louis M. Martini, MacMurray Estate Vineyards, Mirassou, Orin Swift, Talbott Vineyards, and William Hill Estate, along with highly acclaimed imports, such as Alamos, Brancaia, La Marca, Las Rocas, Martín Códax, Whitehaven, and LUX Wines, importers of Allegrini, Argiano, Jermann, Pieropan and Renato Ratti. Gallo Spirits offers New Amsterdam Vodka and Gin and E&J Brandy, in addition to imported Scotch whiskies from Whyte & Mackay, including The Dalmore, Jura Single Malt and John Barr Blended.

 

ABOUT SVG Ventures-THRIVE

Since 2011, Silicon Valley Global “SVG” has been building a global AgTech innovation platform that accelerates, invests, and works with entrepreneurs, investors, and Fortune 500 food, agriculture, and technology corporations. THRIVE’s mission is to solve key industry challenges, test technologies in the field and across the supply chain, and build partnerships across the ecosystem in order to shorten the time it takes to bring innovation to market. SVG Ventures is based in Silicon Valley, California.