AgFunder is an online venture capital platform investing in food and agriculture entrepreneurs. The firm uses proprietary technology and industry networks to support early and growth stage businesses globally.
Portfolio
3
companies
Scindo
Scindo builds a data-driven artificial intelligence platform to design next-generation enzymes for sustainable chemistry.
Wefarm
Wefarm runs a connectivity and marketplace platform for small-scale farmers worldwide.
Intelligent Growth Solutions
Intelligent Growth Solutions develops indoor vertical farming and commercial lighting systems.
Michael Dean
founding partner
Michael serves as a founding partner at AgFunder and founder and executive director of GROW AgriFood Impact Accelerator. He also holds board and investor roles across several organisations, including Intelligent Growth Solutions and DeHaat.
LinkedInThe funding was co-led by Kadmos Capital and Clay Capital to expand the company's enzyme engine and wet-lab capabilities.
"Scindo represents exactly the type of company we seek to back – one that combines data-driven approaches with strong technical talent to address sustainability challenges,"
The financing will accelerate the development of the company's digital forum and marketplace for small-scale farmers.
"Wefarm is building the definitive platform and network for the world's biggest vertical,"
Ospraie Ag Science led the final close of the Series A round to support international market expansion.
"IGS has tremendous potential to transform the way food is produced and supplied, and our investment – Ospraie’s first in the indoor agriculture market and in Scotland – is a testament to our strong belief in the success of IGS’ technology. The benefits of IGS’s Vertical Farming align well with our mission of helping farmers do more with less. We look forward to leveraging our significant agriculture network to help IGS grow its business to meet the market’s demand for sustainable solutions."
The funding round was led by S2G Ventures with participation from AgFunder and the Scottish Investment Bank to support global expansion and product development.
"Indoor agriculture production is at a tipping point. Grocery and food service firms have never been more interested in adopting this in their future supply chain. Cost and quality of product will be critical to scale this adoption. IGS’s revolutionary technology has proven itself to reduce power consumption, improve ventilation and hence reduce the capital and human costs to deliver fresh and differentiated products to consumers,"
