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Cultivate Ventures is a venture capital firm based in Auckland, New Zealand, established in 2023. The firm operates as a Limited Partnership and is managed by Northington Partners. Cultivate Ventures focuses on investing in companies that are transforming the food and fiber sector, particularly in the agricultural industry. The firm aims to support high-growth companies that are innovating in agri-tech and agri-food sectors.
The fund has a target size of NZD $40 million and plans to invest in 10 to 15 companies over the next five years. Its limited partners include New Zealand growers, farmers, and high-net-worth individuals. Cultivate Ventures is backed by AGMARDT, the New Zealand Agricultural Marketing Research and Development Trust, which further emphasizes its commitment to the agricultural sector.
Cultivate Ventures primarily invests in growth and expansion stage companies within the agricultural industry. The firm focuses on sectors such as high growth food and beverage, fertilizer management, AI and predictive analysis, robotics, food processing, automation, sustainable agriculture, logistics, storage, energy solutions, and irrigation technology. Approximately 90% of its investments are directed towards agri-tech and agri-food businesses.
The firm is particularly interested in companies that can benefit New Zealand growers and farmers, emphasizing next-generation farms, robotics and automation, novel cultivars, and energy solutions. Cultivate Ventures may consider limited investments in earlier stage or seed companies on a case-by-case basis, ensuring a diverse portfolio that aligns with its strategic goals.
Cultivate Ventures has made notable investments in two companies as part of its initial portfolio. These include:
The firm aims to expand its portfolio to include at least 10 high-growth companies, ensuring diversification and alignment with its investment thesis.
Northington Partners - Fund Manager. Northington Partners manages Cultivate Ventures and brings extensive experience in the agricultural investment sector. The team is known for its expertise in identifying high-potential agri-tech and agri-food companies.
Founders interested in pitching to Cultivate Ventures should submit their proposals through the firm's website or via email at info@cultivateventures.co.nz. It is important to include a comprehensive deck that outlines the business model, market analysis, and team qualifications. Cultivate Ventures appreciates detailed information that demonstrates the startup's potential for growth and innovation.
As of April 2023, Cultivate Ventures has made its first two investments, including Ruminant BioTech and Aimer Farming. The firm is actively seeking additional opportunities to expand its portfolio and has plans to invest in at least 10 high-growth companies over the next five years. Cultivate Ventures is also featured in press coverage by Farmers Weekly NZ, highlighting its role in advancing agri-tech solutions in New Zealand.
What are Cultivate Ventures' investment criteria?
Cultivate Ventures primarily targets growth and expansion stage companies in the agricultural sector, focusing on agri-tech and agri-food businesses. The firm looks for companies that demonstrate high growth potential and innovative solutions that can benefit New Zealand's agricultural landscape.
How can I apply or pitch to Cultivate Ventures?
Founders can pitch their ideas by visiting the Cultivate Ventures website at cultivateventures.co.nz or by emailing info@cultivateventures.co.nz. It is advisable to include a detailed business plan and information about the team and market opportunity.
What makes Cultivate Ventures different from other investors?
Cultivate Ventures not only provides capital but also offers strategic support through its incubation and acceleration programs. This dual approach helps portfolio companies scale and innovate effectively within the agricultural sector.
What is the geographic focus of Cultivate Ventures?
The firm primarily invests in companies based in Oceania, with a strong emphasis on New Zealand's agricultural industry.
What is the typical check size for investments?
While specific check sizes may vary, Cultivate Ventures has made a notable investment of NZD $750K in Aimer Farming, indicating a willingness to invest significant amounts in promising ventures.
What is the expected timeline for response after pitching?
Response times can vary based on the volume of pitches received, but founders can typically expect to hear back within a few weeks after submission.
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