Avrio Capital nets $65 mln in first close of fourth agriculture and food fund
Canadian venture capital firm Avrio Capital has raised $65 million in the first close of its fourth institutional late-stage fund, Avrio Ventures LP III. Focused on investing in innovative agriculture and food companies, the fund received capital commitments from existing limited partners Farm Credit Canada and Export Development Canada. The Calgary-based Avrio said the subsequent close of Avrio Ventures LP III, which is targeted to raise $125 million in total, is likely to occur in the coming months. Founded by managing directors Jim Taylor and Aki Georgacacos, the firm has invested in 52 companies during the last 12 years. Avrio's original fund is now fully realized, having achieved an IRR of approximately 20 percent.
9 September 2014•3 mins read
