Dublin-based The Yield Lab Europe has announced almost €50 million at the second close of its agrifood tech fund. The fund, which focuses on seed and Series A startup investments in Ireland and Europe, welcomes new investors including the European Investment Fund through the European Fund for Strategic Investments (EFSI), Invest-NL, Allied Irish Banks, and undisclosed family offices.
The accelerator was founded in 2017, and is part of The Yield Lab global network, which is headquartered in St. Louis, Missouri, and sees sister funds in the US, LATAM, and Singapore. Through this network, The Yield Lab promises cohorts unparalleled global access to scale and commercialise their offerings.
The Yield Lab Europe has committed seven investments to date including homegrown startups ApisProtect, MicroGen Biotech, Micron Agritech, and Equimetrics, and continental firms N2 Applied, Kaffe Bueno, and RootWave.
‘We believe that zero-carbon agriculture and food production is a tremendous opportunity and can be achieved by 2040. We have invested and will continue to invest in technologies to enable this transition. We look forward to investing in the innovation that positions Irish agriculture as being properly viewed as part of the climate solution, and not the problem,” concludes chairman Paul Finnerty.