Convent announces the second close of its AgriFood Growth Fund now at € 100m. The increase includes a € 10m commitment from the Dutch insurance company a.s.r.
The fund focuses on investing in innovative and sustainable food and agriculture businesses across Europe. The fund’s mission is to generate both financial returns and positive environmental impact by supporting companies that are committed to improving the sustainability and efficiency of the food system.The third and latest investment of the fund was as a lead investor in the $ 43m round of the world’s leading precision pollination company BeeHero.
“We are thrilled to have reached this important milestone in the growth of our Food and Agri Impact Fund,” said Convent Capital’s Principal Bor Boer. “We believe that sustainable food and agriculture are critical to the future of our planet, and we are proud to have the support of investors with the like of a.s.r. who share our values and vision. As one of the largest investors in Dutch agricultural land, working with a.s.r. will offer our portfolio companies a great link to the Dutch primary agricultural sector”.
The fund has already made several investments in companies that are working to transform the food and agricultural sector, including phytogenic feed additive company AHC. The fund’s team of experienced investors and sector experts will continue to identify and support businesses that have the potential to create both financial returns and a positive impact.