Founder, Farmers2Founders
Stories naming Sarah Nolet. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Beanstalk Ventures' Drought Venture Studio, supported by the national Future Drought Fund, has showcased eight agtech startups from its first cohort and moved four into a longer second phase; a second cohort is underway.
Agtech investor Tenacious Ventures reached an $18 million first close on its second fund, which has a $50 million target; backers include Trawalla Group, Wollemi Capital Group and Macdoch Ventures.
Also Forbes Australia
Roundup of five Australian startups that secured new capital this week: Amber Electric's $29m Series C, ProcurePro's $6.15m, Yume's $2m seed, Alt.Leather's $1.1m seed, plus an undisclosed Tenacious Ventures investment in Nbryo.
Tenacious Ventures discusses the shutdown of its portfolio company Nowadays, a plant-based whole-cut meat manufacturer, in a podcast conversation with founder Max Elder and general partners Matthew Pryor and Sarah Nolet.
Tenacious Ventures' co-founders reflect on three years running Australia's first specialist agrifood tech VC firm, assessing their climate and digitisation theses after closing a $35 million debut fund and backing ten startups.
Also Startup Daily
Tenacious Ventures' co-founders reflect on three years running Australia's first agrifood tech VC, describing their oversubscribed $35 million first fund, sector-focused thesis, and lessons about backing founders.
Agrifoodtech venture firm Tenacious Ventures has completed the final close of its debut fund at A$35 million, with CEFC and Grok Ventures as cornerstone backers, and has so far backed six startups including Goterra, Nori and Vow.
Tenacious Ventures closed its debut agrifood tech fund oversubscribed at A$35 million, after a March 2020 first close of just over $20 million backed by the CEFC's Clean Energy Innovation Fund and Grok Ventures.
Also Startup Daily·AgFunderNews·SmartCompany·SmartCompany·Startup Daily·Startup Daily·AgFunderNews·evokeag.com·farmingahead.com.au·Dynamic Business·agriinvestor.com·@AuManufacturing·AgFunderNews·globalaginvesting.com·@AuManufacturing·globalventuring.com
An Australian agricultural robotics maker has secured a multi-million-dollar round led by two local venture firms, with a Queensland government fund also backing, to expand engineering, production and its robot app ecosystem.
Interview with Tenacious Ventures co-founder Sarah Nolet on the firm's $16 million close toward a $30 million agri-foodtech fund backed by CEFC and Grok Ventures, alongside recent Australian agtech deals.
Also AgFunderNews·Startup Daily·SmartCompany·SmartCompany·SmartCompany·SmartCompany·Startup Daily·AgFunderNews
Podcast episode featuring AuctionsPlus CEO Angus Street in conversation with Sarah Nolet at the Sydney AgTech Meetup, covering the livestock platform's growth, culture and his path to the chief executive role.