Venture firm Seventure’s Health For Life Capital Fund II has received a contribution of undisclosed size from Archer Daniels Midland.
ADM Ventures, the corporate venture capital unit for food processing group Archer Daniels Midland, has committed an undisclosed amount to France-based venture capital firm Seventure’s Health For Life Capital Fund II.
Health for Life Capital II achieved its first close in March 2019, working towards a €200m ($238m) target, thanks to commitments from strategic partners Danone, Novartis, Lesaffre, Wright Medical, Unicéréales and Bel.
The fund will target developers of technology in areas such as health and nutrition, microbiome-focused products…
