Copia Agro & Food, a Tel Aviv, Israel-based firm investing in agricultural and food projects developed by leading research institutes in the country, is raising $50m.
The new funds will be used to expand its investments in Israeli technologies to address global challenges, such as climate change and food shortage.
The fund, co-managed by Ohad Zuckerman, former CEO of Zeraim Gadera, and Eyal Cohen, cooperates with Israel-based agriculture research institutes as well as international and local agro/food tech industry partners to transform technologies into products that improve the efficiency and sustainability of the food chain and decrease the negative effects of agriculture on the environment.
Copia’s business model is to invest in R&D projects rather than in companies and manage the entire process from research to commercialization. In addition to funding the research, the fund matches each project with industrial partners who fund and execute the development and the commercialization of the technologies.
The first research partner is Israel’s Agricultural Research Organization (Volcani Center) through its TTO (Technology Transfer Office) Kidum. Copia, Volcani and industrial partners already have six operational projects with additional three in the pipeline.