While global investment in agrifood tech companies in 2020 surged to $22.3 billion according to Finistere Ventures 2020 Agrifood Tech Investment Review, more innovation focused on nutrient analysis and delivery, efficient uptake and environmental impact mitigation is essential for the continued health of our soil and the security of our food system. The first five companies selected stood out from dozens of other applicants based on the strength of their technology, existing data and proof points, global relevance, and trial and commercial readiness.
Finistere Ventures will lead the first wave of trials for these five technologies in New Zealand across pastoral/grazing dairy farms, high-value horticultural crops and broad acre farming efforts with support from Agritech NZ, Callaghan Innovation and Plant & Food Research, taking full advantage of the Southern Hemisphere’s critical growing season. Through the Farm2050 ecosystem, the CEOs will also have the opportunity to showcase their innovations and trial results to a global panel of high-profile industry leaders including Bayer, Landus Cooperative, The Mosaic Company, Nutrien, Syngenta, and Western Growers Association. With an open enrollment and evaluation process in place, Farm2050 anticipates extending the program to the U.S. in 2022 to capture year-round insights across diverse ecologies and farming systems.
About Farm 2050
The Farm 2050 global initiative was launched in 2014 to solve the challenges of feeding a global population of 10 billion people with deep technology solutions that create greater sustainability and nutrition outcomes. Led by a partnership between venture firms Finistere Ventures and Innovation Endeavors, Farm 2050 is a “coalition of the willing”, spanning industry leading corporates, country partners and the burgeoning ecosystem of startups utilizing technology to tackle productivity, sustainability and food access.
About Finistere Ventures
Finistere Ventures is a leading global agrifood technology and life sciences venture capital investor with offices in Palo Alto, San Diego, Ireland, Israel and New Zealand. It's team has developed and invested in some of the most successful agrifood tech companies of the last 20 years—building and backing companies worth more than $5 billion. Visit Finistere.com.
About Innovation Endeavors
Innovation Endeavors is an early-stage venture capital firm that invests in visionary founders, transformational technologies and emergent ecosystems. The firm’s central investment thesis, the Super Evolution, combines data, leading-edge computation, and advanced engineering to transform industries, from agriculture and logistics to life sciences, transportation and more. Its investments include: AlphaSense, Astra, Color, Blue River Technology, Eikon Therapeutics, Fabric, Formlabs, Freenome, Planet, Rebellion, Replica, SoFi, Uber, Upstart, Vicarious Surgical, and more. For more information, visit www.InnovationEndeavors.com.