Key Takeaways:
- AgFunder takes over the investment management of Blue Horizon’s growth fund.
- The fund shifts focus to core operations aimed at sustainable food systems.
- The agrifoodtech VC’s assets under management increase to $300 million.
- Limited Partners (LPs) gain access to AgFunder’s global network and advanced research tools.
- The partnership supports growth and innovation in agrifoodtech startups.
AgFunder Assumes Management of Blue Horizon’s Growth Fund
Leading agrifoodtech venture capital and intelligence platform, AgFunder has taken over investment management of Blue Horizon’s growth fund. Based in Zürich, Blue Horizon is strategically refocusing on its core operational businesses to accelerate the global transition to a sustainable food system and has exited the investment advisory sector.
Enhanced Resources for Limited Partners
Limited Partners (LPs) in the Growth Fund will now have access to AgFunder’s extensive global network, which includes offices in Silicon Valley, London, and Singapore. This transition also ensures continuity, with a team from Blue Horizon joining.
LPs will benefit from resources such as AgFunderNews, comprehensive research, and GAIA, AgFunder’s proprietary database and AI platform, which contains data on over 60,000 agtech and foodtech startups.
Growth in Assets Under Management
AgFunder’s management of Blue Horizon’s growth fund increases its assets to $300 million, adding a growth-stage portfolio to its investments.
“We’re excited to start our growth-stage investing with the support of top European institutional investors,” said Michael Dean, Founding Partner at AgFunder. “This partnership allows us to extend AgFunder’s platform to more mature agrifoodtech startups, fostering innovation and scalability in the industry, and provides our European investors with access to our global network.”
Focus on Sustainable Food Systems
Hector A Freitas, Partner & Head of Business Development at Blue Horizon, commented, “Our partnership with AgFunder combines the expertise and networks of both organizations to accelerate the transition to a sustainable food system. We are committed to supporting operational excellence and innovation within the alternative protein industry.”
The collaboration aims to enhance the growth and impact of agrifoodtech startups, leveraging the strengths of both AgFunder and Blue Horizon to drive advancements in sustainable food technologies and practices.
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