Cultivian Sandbox Ventures, the most established agrifood tech venture capital firm, has raised $135 million in its third fund. Founded in 2008, the firm was the first to focus entirely on technology startups operating across the food and agriculture value chain.
Last month, Manuel Gonzalez announced plans to raise a new foodtech fund called Global RIFF (Revolution in Food Fund). We caught up with him to find out more about the investment model and the food tech categories he's most excited about.
Avrio Capital, one of the first investment firms to focus specifically on food and agriculture, has re-branded into a new investment firm called Rio Investment Partners, raising $77.5 million in the first close of a $150 million fund.
You may have seen The Production Board crop up on a few agrifood tech investments, but there's little publicly-available information about the investment holding company founded by David Friedberg. Until now.
On our mission to democratize venture capital and increase investment in the food and agriculture industry, our fund is open to accredited investors as well as institutional investors, and we already have commitments from both.
The first wave of European food tech companies has mostly focused on building technology and logistics platforms to deliver food to consumers. And while the plethora of new food e-commerce options across the globe has caused investor fatigue and failures, the five leading food delivery companies in Europe are now worth seven times more than their combined investment, an awesome feat, according to Niccolo Manzoni, partner of agrifood tech investment firm Five Seasons Ventures.
Five Seasons Ventures, a new European VC focusing on agrifood tech investments has launched its first fund, announcing a first close on €60 million ($74.3m). Backers include Nestlé, the European Investment Fund, Fondo Italiano d’Investimento, Bpifrance, and selected family offices and entrepreneurs.
Omnivore Partners, which calls itself an "impact venture fund" is solely focused on agtech investments in India, and investors (LPs) in the fund were largely impact-minded funds from Europe, India, and the US, demonstrating the growing link between agriculture and impact investing.
It was an exciting year in farm technology, to say the least, with several exits and record deals set and then overtaken by even larger deals just weeks or months later. Check out the standout deals of 2017.