Anterra's food and agriculture tech fund reaches $200m

After launching the fund in October 2013, the VC held a final close on $125m in March 2016. Anterra extended the fund to capitalise on an excess of opportunities in the global food sector and to expand its team. It provides growth capital for global food and agricultural technology businesses.

Simultaneously, the VC announced its investment in Agriconomie, a marketplace for farmers and their suppliers, and Voltea, a water technology company that desalinates water.

Additionally, Anterra founded Enko Chem with capital from the fund, a company manufacturing a crop protection chemical, led by Anterra venture partner Jacqueline Heard.

Joining the firm are investment professionals Axel Wehr and Dan Harburg, focusing on software, digital commerce, robotics and automation. Before joining Anterra, Wehr spent 5 years at Bain Capital Private Equity and was later a partner at London-based seed-stage investment firm Firestartr. Harburg previously ran business development at a venture-backed agricultural technology robotics company.

Parallel to the final close of its fund in 2016, Anterra expanded from its headquarters in Amsterdam with the opening of an office in Boston. Anterra was formed following the spin-out of Rabobank's captive venture capital investment team, Rabo Ventures.

The fund's LPs include Rabobank, a global bank with a particular focus on food and agribusiness, and Eight Roads, the proprietary investment arm of Fidelity International, according to Unquote Data.

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