Finistere Ventures News
6 articles
growth-positive
Why does everyone suddenly want to grow peas? These Israelis know the answer
Beyond Meat, a U.S. company that produces plant-based meat substitutes, went public in May and experienced significant growth. Its success has led industry giants like Nestle and Tesco to explore protein substitutes. The agritech and foodtech industries are growing, with investment in agritech totaling $3 billion in the last two years. Beyond Meats success has also increased demand for peas, a key ingredient in its products. Farmers are now looking for ways to improve pea yields and quality while minimizing environmental damage. Israel is also experiencing growth in the agritech and foodtech sectors, with 350 startups in these fields. Israeli companies represent 16% of Finistere Ventures portfolio, a U.S. agritech investment fund.
CustomersPartners
growth-positive
Venture Capital Firm Finistere Is Committed to Israel, Says Founding Partner
San Diego-based venture capital firm Finistere Ventures has won a government tender for the establishment of a foodtech startup hub in Israels northern Galilee region. The hub is being set up to cater to the changing preferences of millennials who seek transparency, simpler labels, and more nutritious food. Finistere Ventures has partnered with Jerusalem-based equity crowdfunding company OurCrowd, Israeli food processing company Tnuva Food Industries, and Israeli beverage company Tempo Beverages for this project. The firm has had positive experiences in Israel with previous investments in smart farming startup CropX and agriculture intelligence system Taranis-Visual. Finistere is currently in the process of closing a third fund and plans to allocate a significant portion of it to investments in Israel.
PartnersInvestment
growth-positive
Finistere Ventures, OurCrowd, Tnuva, and Tempo Announce $100 Million FoodTech and AgTech Investment Commitment
San Diego-based agtech fund Finistere Ventures, Jerusalem-based equity crowdfunding company OurCrowd Ltd., Israeli food processing company Tnuva Food Industries Ltd., and Israeli beverage company Tempo Beverages Ltd. have announced an up to $100 million investment commitment in Israeli foodtech and agtech companies. The investment is in support of the Israeli government-backed foodtech hub in Kiryat Shmona. The consortium formed by the four partners will bid to operate an incubator within the hub and provide mentorship and resources to participating companies. The Kiryat Shmona foodtech hub is part of the Israel Initiative 2020, an initiative to incentivize startups and tech companies to launch activity in Israels north and south regions.
Investment
Finistere Ventures Releases 2018 Agtech Investment Review
growth-positive
US agtech fund Finistere seeks to expand reach in Israel
US venture capital firm Finistere Ventures is expanding its activities in Israel and appointing two investment executives in the country. The firm sees Israel as a center of excellence in agtech and aims to strengthen its agtech investments and partnerships in the region. The appointment of the new venture partners will intensify Finisteres reach in Israel and advance AgTech innovation in the country. Finistere works with agricultural industry firms including Agrium, Bayer, and DuPont.
PartnersInvestment
Finistere Ventures Announces First Closing of New $150 Million Agtech Fund in Collaboration with Bayer CropScience and AVAC Ltd.
