FMC Corporation is among the high-profile agribusiness leaders backing SP Ventures' third fund, AGVIII, which has achieved a $22 million first close. The fund aims to invest in startups focused on improving the environmental footprint of food production and distribution. Key areas of investment include bio-based crop protections, agrifintech, supply chain sectors, and education.
SP Ventures is targeting a total of $80 million for AGVIII, with average check sizes for the third fund between $1 million and $2 million. This investment aligns with FMC's strategic focus on innovation and sustainable agriculture. The fund's focus on biologicals and agrifintech represents major opportunities in Latin America, particularly Brazil, which is a global leader in deploying such solutions.
This strategic investment allows FMC to support emerging technologies and market innovations that complement its core business. The fund's emphasis on climate finance and agricultural education also aligns with broader industry trends and sustainability goals.
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