Monday, March 4, 2024

Big Money: "Cibus Capital lands $645m to invest in mid-market and late-stage agrifood companies"

You don't often see funds of this size in this space, they're obviously doing something to attract the money..

From AgFunderNews, March 4:

  • Specialist investor Cibus Capital has announced the close of its second mid-market private equity fund, Cibus Fund II, with more than $510 million in commitments.
  • The firm also closed its second venture fund, Cibus Enterprise Fund II, with over $135 million in commitments.
  • A mix of new and returning investors participated across both portfolios, including “major institutional investors,” according to Cibus.
  • AgFunderNews has reached out to Cibus for comment and will update this story accordingly.

Why it matters:
Founded in 2016, Cibus invests primarily into food and agriculture companies contributing to more efficient, less resource-intensive food production, from farming methods to ingredients to packaging. The firm looks for companies with operating models, technologies and access to natural resource inputs that give them a competitive advantage in an ever-crowded agrifoodtech space....