AAF Group News
5 articles
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From Hi-Tech to Agtech: Israel's VC Pioneer Hillel Milo Discusses New Fund - AFN
Hillel Milo, one of the pioneers of the venture capital industry in Israel, discusses his transition from hi-tech to agtech and the launch of AquAgro Funds second fund. The fund, which focuses on agriculture and food technology, is targeting between $100 million and $200 million in investments. Milo highlights the need for new technologies and products to address the growing needs for water, food, and energy. He also mentions Evogene, a successful investment for the fund, and discusses the ideal exit strategy for agtech companies. AquAgro Funds investor base for the first fund consisted mainly of family offices, but for the second fund, they plan to include institutions, strategic investors, and family offices globally.
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AquaAgro Fund II to Focus on Preventing Starvation with Water Investment - Green Prophet
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Gaon Agro setting up new $100m cleantech fund
Gaon Holdings Ltd. is setting up a new $100 million fund called Aquagro II Fund, which will invest in new water, energy, and smart agriculture technologies. The fund will mainly invest in Israeli companies and will have a portfolio of 10-12 companies. Gaon Holdings plans to raise the money for the fund from financial institutions and other financial companies in Israel and abroad. The fund aims to address the global food shortage and worsening water situation by investing in companies that offer solutions for raising crops in harsh conditions. Gaon Holdings also plans to float Kinrot, a water technologies incubator, on the TASE. The article was published on August 29, 2011.
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AquAgro buys water co incubator from Canadian investor
AguAgro Fund LP has acquired water technologies incubator Kinrot Technology Ventures from Canadas Stern Partners Inc. in a share-swap deal. Kinrot now has a strategic partnership with Mekorot National Water Company, the Los Angeles Department of Water and Power, and the Milwaukee 7 Water Council. The acquisition has turned AquAgro, owned by Gaon Holdings Ltd., into the leading Israeli investor in water and cleantech technologies.
Acquisition
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AquAgro Fund makes first investment
AquAgroFund has made a $4 million investment in Advanced Desalination Technologies at a company value of a few million dollars. The investment is in several tranches. Advanced Desalination Technologies has completed a pilot project at a municipal facility. The companys reverse osmosis technology aims to improve the efficiency of desalination. AquAgroFunds investment aligns with its policy of investing in companies with proven technologies undergoing pilot programs. Advanced Desalination Technologies was founded by Prof. Avi Efrati and his son, Nadav, who will become the CEO. The company has raised $2 million prior to AquAgroFunds investment.
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