Introduction

SVG Ventures Thrive, a prominent Silicon Valley-based venture capital firm, is embarking on a mission to raise $75 million CAD for its third Agrifood Fund. This fund is dedicated to supporting agrifood startups developing sustainable solutions. Known as the "Pioneer Fund," this initiative aims to provide initial investments to seed to Series A stage agrifood startups. Discover how SVG Ventures Thrive is actively shaping the landscape of the global agrifood fund ecosystem.  

SVG Ventures Thrive's Vision for Agrifood Fund

SVG Ventures Thrive is determined to raise $75 million CAD for its Pioneer Fund, a specialized fund catering to the needs of agrifood startups. This fund seeks to empower startups developing sustainable solutions in the agrifood industry.  

Lead Investors and Partnerships Supporting Agrifood Fund

The Pioneer Fund has secured Farm Credit Canada (FCC) as the lead investor, demonstrating the significant role played by this partnership. FCC, along with SVG Ventures Thrive, signed a three-year partnership in 2020, strengthening the connection between Silicon Valley's investor network and Canada's agtech sector.  

Backing and Support for Agrifood Fund

SVG Ventures Thrive's subsidiary, Thrive Canada, enjoys the support of the Opportunity Calgary Investment Fund, Alberta Innovates, and the Alberta government. These entities provide crucial backing to nurture and support early-stage Canadian startups across the entire food supply chain.  

Global Reach and Diverse Investment Portfolio

With a community of over 8,000 startups from 100 countries, SVG Ventures Thrive has cultivated an extensive network in the agrifood industry. Through its Pioneer Fund and previous initiatives, the firm has invested in more than 80 agrifood tech companies globally. Noteworthy investments include Milk Moovement, a Halifax-based startup streamlining supply chain solutions for the dairy industry, and Serket B.V., a Netherlands-based company. The recent investment in Autonomous Pivot, an Israeli startup, further showcases the fund's international reach.  

Thrive Canada Accelerator Program

SVG Ventures Thrive's commitment to supporting early-stage Canadian startups in the agrifood sector is exemplified by its ongoing Thrive Canada Accelerator Program. This program, established in partnership with Alberta Innovates, nurtures and empowers startups by providing resources, mentorship, and valuable connections.  

Venture Studio Addressing Agrifood Challenges

To tackle critical issues within the agrifood value chain, SVG Ventures launched a venture studio. This initiative aims to create new companies that address these challenges head-on, fostering innovation and sustainable practices.  

Conclusion

SVG Ventures Thrive's ambitious goal of raising $75 million CAD for its Pioneer Fund reflects its dedication to supporting agrifood startups. With the support of lead investor Farm Credit Canada and strategic partnerships, the firm is bridging the gap between Silicon Valley and Canada's agtech sector. Through initiatives like the Thrive Canada Accelerator Program and the venture studio, SVG Ventures Thrive actively contributes to the global agrifood fund ecosystem, nurturing innovation and sustainability in the industry.