ADM Ventures and Alexandria Venture Investments have pitched in capital for AgFunder’s New Carnivore fund, which reached a final close this week.
US-based agriculture-focused investment and media platform AgFunder closed its New Carnivore fund at $21m yesterday, with commitments from food processor Archer Daniels Midland (ADM) and real estate investment trust Alexandria Real Estate Equities.
ADM and Alexandria Real Estate Equities committed capital to the vehicle through investment subsidiaries ADM Ventures and Alexandria Venture Investments, respectively. A number of unnamed corporate, institutional and high-net-worth investors also backed the fund.
The oversubscribed New Carnivore fund is investing in companies developing alternative protein products…
