TLDR:
- Cibus Capital raises $645 million for investment in agrifood companies
- The new funds will focus on mid-market and late-stage companies in the food and agriculture sector
Cibus Capital has successfully closed its second mid-market private equity fund, Cibus Fund II, with over $510 million in commitments, as well as its second venture fund, Cibus Enterprise Fund II, with more than $135 million in commitments. The firm, founded in 2016, specializes in investing in food and agriculture companies that aim to improve efficiency and sustainability in food production. These companies range from farming methods to ingredients and packaging. The firm has raised over $1 billion to date and has a diverse portfolio that includes ag robotics companies, pollination tech startups, and alternative protein and ingredient companies.
One of Cibus’ recent ventures is The Flavour Farm, a pan-European platform focused on fresh produce self-sufficiency. The firm’s private equity portfolio has acquired Duijvestijn Tomaten BV as part of this strategy. Additionally, Cibus has invested in companies like M21, which focuses on synthetic pheromones for crop protection, and Alba Trees, a cell-grown plant producer. The new fundraise attracted a mix of new and returning investors, including the Los Angeles County Employee Retirement Association and Australia profit-to-member super fund Retail Employees Superannuation Trust.
