The startup accelerator has launched with funding provided by investors including Bayer, Syngenta and Alexandria Real Estate Equities.
US-based accelerator AgTech Accelerator has received $11.5m in initial funding from a consortium led by property investor Alexandria Real Estate Equities that included chemical and pharmaceutical company Bayer and agribusiness Syngenta.
Syngenta invested through its corporate venturing arm, Syngenta Ventures, while Alexandria participated through its Alexandria Venture Investments unit and Bayer invested through its agribusiness-focused subsidiary, Bayer CropScience.
The corporates were joined by Arch Venture Partners, the venture capital firm spun out of Chicago University, as well as Flagship Ventures,…
