Cultivian Sandbox Ventures Closes Third Venture Capital Fund, at $135M

Cultivian Sandbox LogoChicago, IL-based AgriFood tech venture capital firm Cultivian Sandbox Ventures closed its third fund, at $135m.

Cultivian Sandbox Food & Agriculture Fund III’s investors include Archer Daniels Midland Company, Corteva Agriscience, Ecolab, Elanco, Griffith Foods, GROWMARK, Koch Ag & Energy Solutions, R.D. Offutt Company, Smithfield Foods, and Sumitomo Chemical America.

Fund III invests in food and agriculture technology companies that address global megatrends, including increasing demand for protein, food safety, traceability, nutrition, and resource efficiency, as well as sustainable production on the farm.

The vehicle has already invested in three innovative companies, including:
– Full Harvest, which has built a B2B marketplace for imperfect and surplus produce, aiming to reduce food waste while creating an additional revenue stream for farmers;
– Geltor, which designs animal-free collagens and other bioactive proteins for personal care, nutrition, and food applications; and
– Phylagen, which leverages the environmental microbiome to verify the origin of goods in global supply chains.

Founded in 2008 and led by Managing Directors Nick Rosa and Ron Meeusen, PhD, Cultivian Sandbox invests in emerging AgriFood tech startups that help increase production, reduce inputs, and improve sustainability.
The firm works with its strategic investors to source valuable market and technology insights and facilitate collaboration with AgriFood tech startups.
To date, Cultivian Sandbox has raised close to $300m across three funds, invested in 25 companies, and realized five successful exits.

FinSMEs

24/04/2019

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