December 28, 2020

Adisseo announces participation in closing round of AgVentures II Fund in Latin America

Adisseo has announced its participation in the new closing round of AgVentures II fund, a fund launched by SP Ventures, an established venture capital firms in Latin America.

This investment is part of Adisseo's investment strategy which focuses on activities at the forefront of modern agriculture.

Jean-François Rous, Adisseo's executive vice-president of research and innovation, said: "Adisseo is a unique company committed to strategic investments in new disruptive technologies, in order to enrich our portfolio of R&D innovations while respecting a mode of sustainable growth."

"Adisseo has been proactively following the development of disruptive technologies in agriculture, in animal production and has invested in startups, either through our AVF fund mainly in Europe or directly through, for example, the JV Calysseo in Asia," said Guy Harari, Adisseo's senior global director and representative at the AgVentures II fund.

"We recognise the importance of Latin America, and particularly Brazil, as a global power in animal production to supply less expensive protein to the world's growing population demanding more affordable and quality meat."

Through SP Ventures, Adisseo expects to contribute to the AgTech LATAM ecosystem and pushes for more focus in disruptive technologies in animal production, as well as replacing antibiotics with more effective feed additives, developing smart farming to monitor farms, improving food safety and promoting sustainable production methods.

The latest investors, including Mosaic, are joining the first round of investors which also include companies like Syngenta Ventures, BASF Venture Capital and Capria Ventures.

AgVentures II Fund now exceeds US$23 million.

- Adisseo