New fund for New Zealand ag-tech
Finistere Aotearoa Fund helps start-ups in search of Series A and B investment
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Finistere Ventures has partnered with New Zealand Growth Capital Partners (NZGCP) to launch a new NZ$40m (US$28m) agri-food technology fund.
The Finistere Aotearoa Fund - a subsidiary of Silicon Valley venture capital fund managers Finistere Ventures - will focus on commercialising New Zealand’s robust technology and intellectual property pipeline.
Arama Kukutai, co-founder and partner of Finistere Ventures, said the New Zealand government’s investment and commitment to a zero-emissions national agriculture strategy had turned the country into a centre for agricultural excellence.
New multi-million dollar fund established to help NZ s growing agtech industry reach its commercialisation potential
Leading global agrifood technology capital investor, Finistere Ventures is helping to bridge the gap between New Zealand s world-leading agriculture research through to the commercialisation of start-up companies and innovative technology.
The company has launched the NZ$40M Finistere Aotearoa Fund in partnership with New Zealand Growth Capital Partners (NZGCP), to help develop the country’s robust technology and intellectual property pipeline, which promotes solutions addressing sustainability and nutrition needs.
“To remain globally competitive as a high-value food producer, NZ has had to develop incredibly efficient production systems, Finistere’s New Zealand Venture Partner, Dean Tilyard said. NZ has firmly established itself as a leading agricultural exporter thanks to its proficient growers and supply chain. Much of this efficiency has been gained th
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New Zealand investors focus on agtech
Finistere Ventures, an investor in agrifood technology companies, today announced the launch of the $40M NZD Finistere Aotearoa Fund in partnership with New Zealand Growth Capital Partners (NZGCP).
“New Zealand has become big in agricultural research and innovation focused on curtailing the environmental impact of agriculture, fueled in part by the government’s continued investment in and passion for environmental and agricultural efforts. Investing over $250M annually through its public sector institutions, cementing its commitment to a zero-emissions national agriculture strategy and continuing its close partnership with its ag and food ecosystem, New Zealand is a center for agricultural excellence,” said Arama Kukutai, co-founder and partner, Finistere Ventures.
Territory Foods closes $22m funding round to expand chef-crafted, nutritionist-designed meal delivery service Territory Foods, a fresh-prepared direct-to-consumer (DTC) meal delivery service that partners with local chefs to create flavorful nutritionist-designed dishes, has closed a $22m funding round led by US Venture Partners.
Additional investors who contributed to the round include Upfront Ventures, Lewis & Clark Ventures, DF Enterprises, S2G Ventures (Beyond Meat, Sweetgreen), Gaingels (New Wave Foods, Recess), Middleland Capital, Motley Fool Ventures, Finistere Ventures (GoodEggs), and Rethink Food Capital, as well as athletes Abby Wambach and Vernon Davis.
The latest funding round brings the company’s total funding to $44m (the most venture funding raised by a female-led company in the ready-to-eat food category).