Join the Newsletter

Stay up-to date with food+ag+climate tech and investment trends, and industry-leading news and analysis, globally.

Subscribe to receive the AFN & AgFunder
newsletter each week.

$50M AgTech Innovation Fund to Come Out of Davis, CA
$50M AgTech Innovation Fund to Come Out of Davis, CA

$50M AgTech Innovation Fund to Come Out of Davis, CA

May 6, 2014

Davis, CA is the place for AgTech these days.

 

The Sacramento Business Journal recently reported that a $50 million venture capital fund called The AgTech Innovation Fund is forming in Davis. John Selep, a member of the Sacramento Angels, is a managing partner of the fund, along with Julie Morris, who was the first CFO of Marrone Bio Innovations Inc. in Davis.

 

“Northern California and the Central Valley will be our playground,” Selep told the Sacramento Business Journal. “It is not exclusive to Davis. We have a target-rich environment for investments.”

 

The fund was reported to likely to invest $250,000 to $500,000 in seed-stage companies, with some additional capital left for follow-up funding, and that the fund would be tied to tech developments related to and coming out of the plentiful ag research going on at the University of California, Davis.

 

Selep is currently working with other financers to fully develop the fund, according to the article, and the launch date is yet to be determined.

 

FEATURED PHOTO: Ian Sane/Flickr

 

Join the Newsletter

Get the latest news & research from AFN and AgFunder in your inbox.

Join the Newsletter
Get the latest news and research from AFN & AgFunder in your inbox.

Follow us:

Advertisement
Advertisement
Advertisement

Sponsored Content

Editor's Pick

Frankly Speaking

Data Snapshot

Investor Insight

Meet the Founder

Research & Data

Join Newsletter