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Venture Fund for Food Tech Startups
27.09.2019 17:19
Venture Fund for Food Tech Startups

Agro-industrial holding Efko has created a venture fund for food tech startups.

      Agro-industrial holding "Efko", which produces goods under the brands "Sloboda", Altero, etc., launches its own venture fund. A fund called Fuel for Growth is investing $ 50 million in new food technology.

      The fund plans to invest in startups in the early stages. Efko expects to conclude the first deals by the end of this year; About ten foreign startups are currently under consideration. The holding intends to use the developments in its own production -  innovations in the field of logistics and product technologies.

      Now Efko is the sole investor of the fund. In the future, it is possible to attract partners - for example, such cooperation could be interesting for Cherkizovo, the company says.


Author: Anna Dorozhkina

Tags: Russian companies Russian startups    

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