Yara Growth Ventures has invested in São Paulo, Brazil-based SP Venture’s new AgVentures Fund II focused on investing in leading agri-food tech start-ups across Latin America. Joining Yara Growth Ventures in the fund are the International Finance Corp. (IFC), the Inter-American Development Bank (IADB), BASF Venture Capital, Syngenta, Capria, and China’s Adisseo.
Yara said some of the key benefits to Yara of being a limited partner in SP Ventures include the opportunity to gain access to the SP Venture’s high-quality deal flow, the potential to co-invest on deals, and a more comprehensive understanding of Latin American start-ups for market intelligence purposes.
Yara Growth Ventures is Yara International ASA, Oslo’s, corporate venture capital team.