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Agri Investment Fund (AIF) is a private equity and venture capital fund established in 2007, associated with the Boerenbond group, a prominent Belgian agricultural organization. Headquartered in Flanders, Belgium, AIF focuses on Ag-Tech and Agro-Food companies that contribute to a more sustainable agriculture sector. The fund aims to reduce environmental impact while ensuring necessary food production, aligning with the growing demand for sustainable practices in agriculture.
As of the end of 2024, AIF has deployed EUR 60.3 million across 10 portfolio companies, with a total equity of EUR 62.3 million. The fund is actively expanding its geographic focus beyond Belgium, having completed a EUR 20 million capital increase in 2025. This expansion reflects AIF's commitment to supporting innovations that enhance agricultural productivity and sustainability on a broader scale.
AIF's unique position within the Boerenbond group provides it with deep agricultural sector expertise and access to a network of farmers, allowing for a practical, outcomes-driven investment approach. The fund's long-term, patient capital strategy supports companies from startup through successive growth rounds, ensuring they have the resources needed to thrive.
Agricultural sustainability is at the core of Agri Investment Fund's investment strategy. AIF primarily invests in the Ag-Tech and Agro-Food sectors, targeting companies that promote sustainable practices in agriculture. The fund seeks to support innovations that enhance agricultural productivity, reduce environmental impact, and ensure food security. AIF's investment criteria include a strong emphasis on sustainability and the potential for significant impact within the agricultural sector.
The fund's geographic focus is primarily on Flanders and German-speaking Belgium, with plans for international expansion in 2025. AIF invests across various stages, from startup to successive growth rounds, allowing it to engage with companies at different points in their development. The fund's approach includes taking board seats in portfolio companies to facilitate active knowledge transfer and support.
In addition to financial backing, AIF emphasizes the importance of aligning its investments with the needs of farmers, aiming to make investments visible to Flemish farmers more quickly. This farmer-outcomes-driven thesis distinguishes AIF from other investors, as it prioritizes practical solutions that address real-world agricultural challenges.
Agri Investment Fund's portfolio includes a diverse range of companies focused on advancing agricultural sustainability and productivity. The current portfolio consists of:
As of the end of 2024, AIF has expanded its portfolio to include 10 companies, with notable additions such as:
Agri Investment Fund operates under the guidance of a team with extensive experience in agriculture and investment. The fund is associated with the Boerenbond group, which provides a strong foundation of agricultural expertise.
While specific individuals are not named in the provided data, the fund's leadership is characterized by a commitment to supporting sustainable agricultural practices and fostering innovation within the sector.
To pitch Agri Investment Fund, founders should reach out through the fund's website. A well-structured pitch deck should include details about the startup's mission, market analysis, and how the innovation contributes to sustainable agriculture.
While specific response time expectations are not disclosed, founders should anticipate a thorough review process given AIF's commitment to aligning investments with its sustainability goals. Warm introductions are preferred, especially through connections within the agricultural sector.
In 2024, Agri Investment Fund actively deployed EUR 11.9 million across various investments, including a new participation in Biocsol, a UCLouvain spin-off focused on biocontrol agents, for EUR 1.2 million. The fund also participated in a EUR 5 million capital increase for Biotalys, a biocontrol company listed on Euronext Brussels.
In 2025, AIF completed a EUR 20 million capital increase from M.R.B.B. and made investments in two new participations, marking its first investments outside Belgium. This expansion signifies a strategic milestone for the fund as it broadens its geographic reach.
Additionally, AIF supported RootWave in a funding round led by Clay Capital, which focuses on replacing chemical herbicides, and Rainbow Crops, a VIB spin-off developing climate-resilient crop varieties, alongside other notable investors.
What are Agri Investment Fund's investment criteria?
AIF focuses on Ag-Tech and Agro-Food companies that promote sustainability in agriculture. The fund seeks innovations that enhance agricultural productivity and reduce environmental impact.
How can I pitch to Agri Investment Fund?
Interested parties can contact AIF through their website for project inquiries or investment applications. Specific email addresses are not provided.
What makes Agri Investment Fund different from other investors?
AIF's unique connection to the Boerenbond group provides deep agricultural sector expertise and access to a network of farmers. This allows AIF to prioritize practical, farmer-outcomes-driven investments rather than purely financial returns.
What is the geographic scope of Agri Investment Fund?
AIF primarily focuses on Flanders and German-speaking Belgium but is expanding internationally as of 2025.
What is the fund size and check size for investments?
As of the end of 2024, AIF has deployed EUR 60.3 million across its portfolio. Specific check sizes per deal are not always disclosed, but the fund has made significant investments, including EUR 11.9 million in 2024.
What kind of support does Agri Investment Fund provide to portfolio companies?
AIF takes board seats in portfolio companies to facilitate active knowledge transfer and supports companies through successive growth rounds, ensuring they have the resources needed to thrive.
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