Radicle Accelerator Founded by AgTech Leaders to Grow Next Crop of Ag Disruptors
Powerful Ecosystem of Experienced Investors, Advisors and Ag Partners to Collaborate on New Accelerator
SAN FRANCISCO, CA — June 22, 2016 — AgTech venture capital firm Finistere Ventures, Cloud Break Advisors and an alliance of top Ag industry leaders today officially launched Radicle, an accelerator fund dedicated to growing early stage agricultural technology startups into proven industry leaders. Radicle aims to reduce the time to develop, market and commercialize new Ag technologies; founding members include Bayer, DuPont and OurCrowd, a leading Israeli venture capital firm.
As a $15M fund with $6 million in initial closing commitments, Radicle leaders will share their perspective on the future of AgTech and vision for the accelerator fund during various industry panels at AgTech Week 2016, hosted by Global AgInvesting.
“Turning brilliant ideas into viable farming industry businesses requires an intricate combination of industry experience, academic resources, in-field validation opportunities and a diverse collection of agricultural partners and investment advisors,” said Kirk Haney, CEO of Cloud Break Advisors. “Our entrepreneurial roots, deep-rooted Ag network, and proven ability to successfully select and develop game-changing Ag companies ensures we can help AgTech innovators reach their full potential. By better understanding and managing the global AgTech opportunity, we provide a fertile environment for AgTech visionaries to not just grow, but to flourish.”
With a focus on global Ag solutions, Radicle now offers a specialized platform to incubate high-quality AgTech companies that can solve global farming problems.
“DuPont Pioneer continually scouts the innovation frontier for novel ways to improve agricultural productivity and seeks to collaborate with those on the cutting edge of science, even at the earliest stages of technology development,” said Neal Gutterson, vice president, Research & Development, DuPont Pioneer. “Radicle’s virtual accelerator operating model and investing approach is expected to help Pioneer achieve these objectives.”
Radicle focuses on the areas where growers face the greatest challenges to productivity, sustainability and quality in food and agriculture. These include technology fields like genomics and plant sciences, seed tech, biologicals for crop protection and regulation, digital Ag (application of data and predictive analytics to precision Ag), and disruptive or novel farm systems.