**UPDATED NOVEMBER 1, 2018 15:00 to increase commitment size to $4 million from $2.7 million.
On Tuesday we opened our second co-investment fund to give investors — both big and small — an opportunity to invest alongside AgFunder and other leading VCs in the next generation of bold and exceptional entrepreneurs transforming our food and agriculture system.
In the first two days, we’ve had over $4 million in commitments from dozens of individual investors and family offices, including new commitments from over 25% of investors in the Co-Investment Fund I. In addition, we’ve had interest from food and agriculture corporates, Sovereign Wealth Funds, even other VC funds that we’ll be meeting with up until the close on November 30.
So how has our investment team been doing? Over the past year, we’ve grown our investment portfolio to eleven foodtech and agtech companies including The Yield, Brightseed, Solinftec, ImpactVision, Connectera, Trace Genomics, Aerobotics, Chinova Bioworks, and Cambridge Glycosciences. These are some of the most talented entrepreneurs we’ve seen in the sector over the last six years. We’ve invested with top VCs including TPG’s ART fund, Li Ka-shing’s Horizons Ventures, Data Collective, Acre Venture Partners, Felicis Ventures, DSM Ventures, Fifty Years, Tiger Global, KPMG, Bosch and more. Five of our portfolio companies are already out raising up-rounds. We believe this is one of the most exciting, and high potential agrifood tech portfolios anywhere, and we have a great deal pipeline for Fund II.
AgFunder has a unique model that’s democratizing venture capital. Based in Silicon Valley with over 55,000 members and subscribers, AgFunder has a deal pipeline like no other and one of the most powerful global networks to support our portfolio companies. We build proprietary algorithms and AI to help identify the best companies and to support our investment process. And we’re backed by some of the best in the industry: our investors and advisors include Sid Gorham of Granular, Kip Tom who has been nominated as the U.S. Ambassador to the UN for Food and Agriculture, Jason Camm of Thiel Capital, ex-portfolio managers at BlackRiver, and C-level executives at some of the largest food and agriculture companies in the world.
The AgFunder Co-Investment Fund II is open to non-U.S. investors, but all investors must meet the Accredited Investor requirements. The fund will close by November 30, 2018. Reservations can be held for seven days to give investors time to review the documents. The available allocations remaining are below. The fund presentation, FAQ, and investment docs can all be found here.
Available Allocations Remaining*
|15 spots||at $250k+||Reserve Now|
|8 spots||at $100k+||Reserve Now|
|2 spots||at $50k+||Reserve Now|
|0 spots||at $25k+||Get on Waitlist|
*Last updated: Oct 29, 20:00 PST
Michael Dean, Rob Leclerc and the AgFunder Team.
IMPORTANT NOTICES 1. AGFUNDER FUNDS ARE AVAILABLE TO ACCREDITED INVESTORS ONLY 2. VENTURE CAPITAL INVESTING IS HIGHLY SPECULATIVE AND PAST FUND OR PORTFOLIO PERFORMANCE IS NOT AN INDICATOR OF FUTURE RESULTS 3. THE OFFER AND SALE OF MEMBERSHIP INTERESTS IN ANY AGFUNDER FUND HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR UNDER ANY APPLICABLE STATE OR FOREIGN SECURITIES LAWS (AND THE FUNDS ARE UNDER NO OBLIGATION TO REGISTER THE MEMBERSHIP INTERESTS IN THE FUTURE), NOR HAVE SUCH MEMBERSHIP INTERESTS BEEN APPROVED OR DISAPPROVED BY THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION (THE “SEC”) OR THE SECURITIES REGULATORY AUTHORITY OF ANY STATE OR FOREIGN JURISDICTION. NEITHER THE SEC NOR ANY COMMISSIONER OF ANY SUCH STATE OR NON-U.S. AUTHORITY HAS PASSED UPON THE ACCURACY OR ADEQUACY OF ANY MATERIAL RELATED TO THE FUNDS AND ANY REPRESENTATION TO THE CONTRARY IS UNLAWFUL. THIS PAGE DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF INTEREST TO PURCHASE ANY SECURITIES OR INVESTMENT ADVISORY SERVICES IN ANY STATE OR IN ANY OTHER JURISDICTION IN WHICH SUCH OFFER OR SOLICITATION IS NOT PERMITTED BY LAW. 4. PROSPECTIVE INVESTORS ARE NOT TO CONSTRUE THE CONTENTS OF THIS OR ANY PRIOR OR SUBSEQUENT COMMUNICATION FROM AGFUNDER OR ITS WEBSITE OR ANY OF ITS REPRESENTATIVES OR AFFILIATES, AS LEGAL, TAX, OR INVESTMENT ADVICE. EACH INVESTOR SHOULD CONSULT WITH AND RELY ON HIS, HER OR ITS OWN PERSONAL COUNSEL, ACCOUNTANT, OR OTHER ADVISORS AS TO LEGAL, TAX, AND ECONOMIC IMPLICATIONS OF AN INVESTMENT IN ANY AGFUNDER FUND AND ITS SUITABILITY FOR SUCH INVESTOR.