Finistere Ventures and Israel-based firms invest $100m in start-ups

Global agrifood investment firm Finistere Ventures is partnering with three Israel-based companies to form a consortium to invest $100m in agrifood start-ups.

As part of this initiative, Finistere Ventures will be working with OurCrowd, Tnuva and Tempo Beverages.

Finistere Ventures co-founder and partner Arama Kukutai said: “Israel has become a top innovation hub in the FoodTech and AgTech arena.

“We are committed to expanding our local partner network and, most importantly, increasing our investment in, and support of, Israeli disruptors across the entire food and agricultural value chains as they look to penetrate the global market.”

The consortium will focus on Israeli technologies across the food and beverage value chain, ranging from alternative proteins and nutritional value improvements to functional ingredients and supply chain efficiency.

The partnership was established after the Israeli Government created an innovation incubator on food technologies.

Finistere Ventures, along with the Israeli firms, will be bidding to operate the incubator that is being built in Kiryat Shemona city in order to intensify their investment in the Israeli FoodTech community.

The consortium aims to encourage, support and invest in Israeli entrepreneurs building new companies to meet evolving consumer demands and transform the existing agriculture and food chain.

Additionally, the start-up companies will be able to access the consortiums’ extensive industry network and gain direct access to leading global food and beverage giants such as PepsiCo, Bright Food, Heineken and Nutrien.