Convent Capital introduces Agri Food Growth Fund

Convent Capital announces the launch of its new Agri Food Growth Fund on April 12th 2022, which offers growth capital to innovative and sustainable companies in the AgriFood industry. The fund has raised more than €50 million in capital from its investor network and will in the coming months acquire capital from institutional investors to grow to €150 million or beyond. Its first investment is in an innovative manufacturer of plant-based animal feed additives.

The new fund of the Amsterdam-based investment firm delivers growth capital from five up to twenty million euro to innovative and sustainable AgriFood businesses in the OECD region. It focuses on so-called growth capital, the investment phase immediately following venture capital. Bor Boer, Principal of Convent Capital’s Agri Food Growth Fund, said: “Through its reduced risk strategy, Convent Capital finances fast-growing companies with proven technologies and business models. This is a promising and relatively underfunded segment within AgriFood, an industry that will play a crucial role in the sustainable development of and quality of life on our planet.”

B2B businesses across the AgriFood value chain are eligible for funding, from service to distribution. Only retail (the so-called last mile) is outside the investment scope. The sustainability conditions of Convent Capital prescribe that each investment must generate demonstrable sustainability impact. This is measured along the SDGs, with a focus on Climate and Biodiversity. An independent investment committee as well as a consultant assess during and after the tenor whether impact objectives are achieved. If not, Convent Capital will donate carried interest to a sustainable charity.

Conventcapital.nl