Lewis & Clark Ventures, a St. Louis-based venture capital firm focused on Series A and B stage investments, raised $20m in capital to drive agriculture innovation.
The new commitment augments the $104M that Lewis & Clark Ventures raised in 2015. It will focus on companies that improve plant yield, increase energy efficiency, boost farmers’ productivity, or streamline the distribution chain from farm to consumer.
Founded in 2015 by General Partner Tom Hillman and Managing Director Brian Hopcraft, Lewis & Clark Ventures has raised a family of venture capital funds to support startups in the Midwest, which focus on sectors such as agricultural technology, enterprise software, healthcare technology and financial technology.
With a total of $124m raised to date, the firm is targeting several areas for opportunity in agriculture technology including precision agriculture, plant genomics, soil and crop technology, biomaterials, food sustainability, irrigation and water solutions. It has invested in innovative companies including OneSpace, Adarza Biosystems, and SpringBuk.