Kirsten Stead and John Hamer of Monsanto Growth Ventures (MGV), the strategic investment arm of agribusiness Monsanto, which is being acquired by Germany-based peer Bayer, will co-manage the expected $250m fund, which is run by a new management company for the biotech space and affiliated with venture capital firm Data Collective (DCVC).
US-based venture capital firm DCVC Bio is understood to have already made a first close of its debut fund at nearly half its $250m target, with the remainder expected to be committed this year.
Kirsten Stead and John Hamer of Monsanto Growth Ventures (MGV), the strategic investment arm of agribusiness Monsanto, which is being acquired by Germany-based peer Bayer, will co-manage the expected $250m fund, which is run by a new management company for the biotech space and affiliated with…
