Clean Energy Finance Corporation and family office Grok Ventures have committed to the fund.
Tenacious Ventures, an Australia-based venture capital firm focused on agriculture and food technology, has closed its first fund at A$35m ($27m).
The local state-backed Clean Energy Finance Corporation and family office Grok Ventures have committed to the fund, Tenacious Ventures Fund I. The fund is targeting pre-series A businesses.
Matthew Pryor, co-founder of Observant, and Sarah Nolet, founder of AgThentic, founded Tenacious Ventures, which has backed Goterra, SwarmFarm Robotics, Nori, Vow, RapidAIM and Nowadays.
Tenacious is part of the federal…
