They have money if you have ideas.
From AgFunderNews, June 21:
S2G Ventures’ Oceans & Seafood Fund unveils 5 inaugural investments
US agrifoodtech investor S2G Ventures has unveiled the first deals made out if its new $100 million fund dedicated to supporting the burgeoning ‘blue economy,’ which aims to improve the health and viability of marine ecosystems.
The Chicago-based VC firm claims it is the largest fund of its kind in North America.
“[The ocean] is an extension of our land-based food system and it’s an ecosystem where the resources are being depleted and are not being treated well,” Kate Danaher, managing director at S2G Ventures, tells AFN.
The new fund is “really tied into the impact thesis that S2G wanted to have and it was a natural extension of the food and ag focus,” she adds. “But the reason we hadn’t really gotten into it [earlier] is that it’s so different soil. We really wanted to make sure that we were hiring people who could focus on it and had experience in it, so it was more of a slow burn that was coming for a while.”
S2G’s Oceans & Seafood Fund has so far invested in:
- ReelData (Canada) – software platform aiming to increase the profitability, sustainability, and scalability of land-based aquaculture by using sensors, AI, and user-friendly interfaces to provide producers with insights and automation.
- ViAqua Therapeutics (Israel) – biotech startup creating orally administered, RNA-based treatments for farmed shrimp, with an initial focus on a feed supplement which combats white spot syndrome virus.
- Moleaer (US) – develops aeration tech to form ‘nanobubbles’ – 2,500 times smaller than a grain of salt – that can be used to efficiently treat water through oxidation....
....MUCH MORE
