Anterra Capital has held a second close of its Food and Agriculture Technology Fund on $125 million, with Eight Roads as the largest investor.
The fund’s only investors are Rabobank and Fidelity International Limited’s investment arm Eight Roads, an Anterra spokewoman told Private Equity International’s sister title Agri Investor. Eight Roads was Anterra’s lead investor in 2013, when the firm held a first close on $50 million, and is still the fund’s biggest investor.
The fund, which is the largest of its kind in Europe, has made investments in seven companies, including agdata start-up Farmobile, digital phenotyping equipment and software maker Lemna Tec, protein preservation technology company Bluwrap and low-cost water desalination company Voltea.
The fund invests in “significant minority stakes of up to approximately $20 million, [focusing on] innovative commercial technologies and services to the global food supply chain including agro inputs, precision farming, logistics, and consumer safety”, according to a statement from the firm.
Read more by visiting Agri Investor.