New Delhi, June 28 (Ians) Agri-tech focused venture capital firm Omnivore on Wednesday announced the first close of its third fund at $150 million.
Launched in 2022, the Omnivore Agritech and Climate Sustainability Fund will continue to focus on startups developing breakthrough technologies for agriculture, food, climate, and the rural economy.
With the third fund, Omnivore expects to make 25-30 new investments in Seed and Series A rounds of agritech startups and MSMEs, with initial cheque sizes ranging between $1 million and $5 million.
“The greatest risk and opportunity for Indian agriculture are the adverse effects of climate change. Our new fund will have a sharper focus on catalyzing climate action in agriculture by funding startups addressing climate mitigation and climate adaptation,” said Mark Kahn, Managing Partner at Omnivore.
First close investors include KfW, the Self Reliant India (Sri) Fund, Fmo, Sifem and the International Finance Corporation (IFC), with support from the Bill & Melinda Gates Foundation Inclusive Agritech Facility,...
Launched in 2022, the Omnivore Agritech and Climate Sustainability Fund will continue to focus on startups developing breakthrough technologies for agriculture, food, climate, and the rural economy.
With the third fund, Omnivore expects to make 25-30 new investments in Seed and Series A rounds of agritech startups and MSMEs, with initial cheque sizes ranging between $1 million and $5 million.
“The greatest risk and opportunity for Indian agriculture are the adverse effects of climate change. Our new fund will have a sharper focus on catalyzing climate action in agriculture by funding startups addressing climate mitigation and climate adaptation,” said Mark Kahn, Managing Partner at Omnivore.
First close investors include KfW, the Self Reliant India (Sri) Fund, Fmo, Sifem and the International Finance Corporation (IFC), with support from the Bill & Melinda Gates Foundation Inclusive Agritech Facility,...
- 6/28/2023
- by Agency News Desk
- GlamSham
IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.