Flora Ventures, a Tel Aviv, Israel-based AgriFood venture capital firm, announced the launch of an $80M fund, and the first closing with commitments of $50M.
The firm completed the initial raise with strategic partners including Sadot Kibbutzim, a co-op bringing together more than 185 Kibbutzim with an agricultural output of +$3B exported to over 100 countries. They offer the fund’s portfolio proprietary access to agricultural land, production capabilities and expertise for initial proof of concept and ability to scale their technologies. Other anchor investors in this first closing are Family Offices and, Haifa Group, a world leader in plant nutrition and special fertilizers, and Harel Group, Israel’s largest insurance and finance group with more than $100B assets under management (AUM).
Co-founded by Gil Horsky, former Mondelēz executive, corporate venture investor, and leading figure in the global AgriFood ecosystem, and Esther Barak-Landes, VC investor and co-founder of Nielsen’s incubator and investment arm, Flora Ventures invests in early-stage startups from the AgriFood ecosystems of Israel and Europe.
The fund already completed its first investment in Arrakis Bio, a stealth-mode Israeli startup, developing technology poised to innovate the production and utilization of human collagen and gelatin, that is animal free, high quality & pure.
FinSMEs
20/07/2023