Agri-EPI member, Investbridge Capital, has launched a specialised Agricultural Technologies (AgTech) fund with the goal of creating a market leading VC fund investing in the most scalable and innovative technology companies revolutionising global food production.
Unity Technologies Founder, Nicholas Francis, has made a career predicting how software will develop in the face of massive hardware and societal changes and sees another tremendous investment opportunity in AgTech. To this end, he has committed $10 million as a cornerstone investor. Working alongside the Investbridge team, Francis will use his experience in entrepreneurialism, VC and the global tech market to help the portfolio companies flourish and reach their full potential, and deliver exceptional outcomes for investors.
Agriculture is the least technologically developed of any major industry, whilst food production needs to advance at a much faster pace than it has over the past 100 years. A rising population, worldwide food and labor shortages, and supply chain issues, are all presenting significant challenges for agriculture. By 2050, it’s estimated that the earth’s population will reach nine billion and global food production will need to jump by 70%-100% to feed everyone.*
Innovation will be the key to addressing these issues, and with the farming sector already seeing an influx of start-ups looking to use data analysis and technology such as robotics and AI to improve processes, the AgTech market is primed for significant growth and subsequent investment returns.
Nicholas Francis, AgTech Investment Committee Member, said: “We are standing at the crossroads of two megatrends. On one hand, software is eating the world, and agriculture is one of the last hold-outs. On the other hand, there is a global push to mitigate the climate impact of one of the most important industries of our planet, an industry which contributes almost a quarter of the world’s greenhouse emissions. Over the next decade, we will see tremendous investment influx into the sector, making this the perfect time to help these nascent companies grow.
“Climate change is perhaps humanity’s biggest challenge and the stakes are enormous. Thankfully throughout our history, humanity has always risen to such challenges and we are proud to be at the forefront of this transition. We are not alone, agricultural stakeholders and climate investors are realising the scale of the challenges — and are looking to technologies from end to end, in order to improve their production.”
Oliver Hogg, CEO, Investbridge Capital, commented: “Welcoming Nicholas to the team marks a significant new venture for us. With his unrivalled experience in the tech market and his leadership of our new fund, we are extremely well-positioned to capitalise on the investment opportunities within AgTech. I look forward to working closely with Nicholas as we grow our offering in this space.”
The AgTech market has already grown rapidly in recent years. The sector experienced a six-fold increase in deal flow between 2012-2018 and a 370% increase in investments from 2013 to 2019. In 2020 alone, it raised over $26 billion in investments, compared to around $12 billion just three years prior. **
Alongside Francis, the wider team includes Keith Norman, who brings 40 years’ experience in agriculture and AgTech, and Kelvin Au, a VC investor with 15 years’ experience in tech investment and managing high-growth operations.
Investbridge Capital is a leading alternative asset manager that specialises in real estate, private credit and venture capital. Founded in 2004, the company has offices in Dubai and London and has advised and transacted on deals in excess of USD 5billion.
“At the Agri-EPI Centre, our mission is to bridge the gap between agri-tech innovators, academics and farmers to drive sustainable and profitable food supply chain solutions. The launch of this new fund is a phenomenal opportunity for our members and the wider agri-tech startup community in the UK to scale and help us together to achieve our mission.” Lisa Williams, Director of Business Development, Agri-EPI Centre
For further information on the fund and Agri-EPI’s membership network and Agri-Tech innovation solutions contact the team at team@agri-epicentre.com
