Venture capital company Five Seasons Ventures has raised $74m to invest in food and agricultural technology. The firm says it will use the money raised by the first closing of its fund to help early-stage companies develop innovations in healthier food, better logistics and nutrition. “Food is a critical component for our future as we continue to grow into an international brand,” said CEO John DeLuca at the company’s launch event on Tuesday. We have logged about 500 new food and agri tech deals in the last 18 months. Joint founder Niccolò Manzon said consumers were becoming more conscious of their food, and while existing companies wanted to use start-ups to help their technological development there was a limited supply of specialised capital available.
Venture capital company Five Seasons Ventures has raised $74m to invest in food and agricultural technology. The firm says it will use the money raised by the first closing of its fund to help early-stage companies develop innovations in healthier food, better logistics and nutrition. “Food is a critical component for our future as we continue to grow into an international brand,” said CEO John DeLuca at the company’s launch event on Tuesday. Joint founder Niccolò Manzon said consumers were becoming more conscious of their food, and while existing companies wanted to use start-ups to help their technological development there was a limited supply of specialised capital available.