The agribusiness venture fund, backed by partners including Tereos, AG2R-La Mondiale and Groupama, has funded eight companies since its April 2014 formation.
CapAgro Innovation, a venture capital alliance between six France-based industrial groups and financial institutions, is set to increase its investment budget to €60m ($67m) from €42m by the end of 2015.
The backers of CapAgro, which was formed in April 2014 to invest in agribusiness technologies, are farming finance provider Sofiprotéol, sugar producer Tereos, state-backed fund Bpifrance, financial services firm Crédit Agricole, and insurers AG2R-La Mondiale and Groupama.
The fund generally invests between €1m and €5m in agronomy, farming, biomass…
