SP Ventures Targets $80M for Agrifoodtech Fund AGVIII

SP Ventures, a Brazilian agrifoodtech investment firm, has successfully achieved a $22 million first close for its third fund, AGVIII, while setting its sights on an ultimate target of $80 million. The fund, supported by notable investors such as AGCO, FMC Corporation, and BASF Venture Capital, aims to support startups aimed at improving the environmental sustainability of food production. Focusing on sectors like bio-based crop protection, agrifintech, and education, SP Ventures intends to invest heavily in Latin American applications and innovations crucial to tackling climate challenges and enhancing agricultural education. With plans for additional closures by the end of 2025, the firm seeks to leverage Brazil's conducive environment for agricultural advancement to foster breakthrough technologies. This strategic move highlights the ongoing potential for growth in biologicals and financial services in agriculture, further underscoring the importance of agronomy education and disseminating essential knowledge across fragmented agricultural regions in Brazil. As Brazil prepares to host COP 30 in Belém in 2025, SP Ventures' investment themes are particularly timely.