Rabobank pumps €80M into venture fund to drive fintech and agtech investments
Fri, 15 Feb 2019, 09:55 am UTC
Dutch banking and financial services giant Rabobank has announced an additional 80 million euro funding into its venture fund, Rabo Frontier Ventures.
Officially Launched as a subsidiary of Rabobank last January, Rabo Frontier Ventures is a strategic investment fund that focuses on high-potential early-stage fintech and food & agri companies. The latest funding brings the total committed capital to 150 million euro.
Rabo Frontier Ventures has invested in ten startups so far. This includes investments in European blockchain platform We.trade; komgo, a global blockchain-based solution for commodity trading; fintech startup Tellow; and more recently, ProducePay, a Los Angeles-based payments solutions provider which connects farmers and suppliers to finance growth.
Rabo Frontier Ventures now plans to expand its investment strategy to global innovation hubs, such as San Francisco, Singapore en Tel Aviv.
“After two years with more than ten investments in a row, it is time to broaden our horizon further. We see many opportunities all across the globe to invest in companies who align with our strategy of sustainable growth,” Harrie Vollaard, managing partner Rabo Frontier Ventures.
“We are keen to work with entrepreneurs and investors in prime markets like FinTech and Agtech. With our knowledge, network and capital we help ambitious companies to reach the next level.”
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