Sunday, December 22, 2024

Why a legacy Northern Ireland food business is betting on climate agtech – The Currency

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The cross-border listed company Roebuck Food Group PLC is on course to close a fundraising round to acquire the Galway-based, climate-focused agtech start-up Glasport Bio. This follows the sale by the group of a range of legacy businesses. This Friday, Roebuck announced that it had brought along YieldLab as a co-investor, with the transatlantic agtech venture capital fund pledging €1.25 million. There are also strong indications that Roebuck’s own mid-December call to the stock exchange for €8.5 million is oversubscribed, with the company now saying it is considering taking in up to €10 million from the market. Any funds above the…

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