What we do
Public consultation on the EIB Group's Environmental and Social Sustainability Framework - informational webinars
Public consultation on the EIB Group's Environmental and Social Sustainability Framework
The EIF in 2020
Coronavirus: The EIB Group’s initiatives to address its economic consequences
Pan-European Guarantee Fund – EGF
Sustainable Development Umbrella Fund
SDUF Health Compartment
Equity products
AI Co-Investment Facility
Climate & Infrastructure Funds
Technology Transfer
European Angels Fund (EAF) - Co-investments with Business Angels
Venture capital
The Social Impact Accelerator (SIA)
Lower mid-market
Mezzanine Facility for Growth
VentureEU
EFSI Equity instrument
Single EU Equity Financial Instrument
COSME - Equity Facility for Growth
InnovFin Equity
Private equity secondary market transactions
EIF-NPI Equity Platform
ESCALAR Programme
Debt products
New ESIF ERDF Guarantee Fund initiative in Greece
EFSI Private Credit Programme
AGRI Guarantee Facility
AGRI Italy Platform Uncapped Guarantee Instrument
Credit enhancement
Cultural and Creative Sectors Guarantee Facility (CCS GF)
ENSI - Securitisation Initiative
Erasmus+ Master Loan Guarantee Facility
Skills & Education Guarantee Pilot
EREM debt products
Single EU Debt Financial Instrument
InnovFin SME Guarantee Facility
COSME - Loan Guarantee Facility
Documentary Finance Facility – Bulgaria
The SME Initiative
The SME Initiative Bulgaria
The SME Initiative Finland
The SME Initiative Italy
The SME Initiative Malta
The SME Initiative Romania
The SME Initiative Spain
Inclusive finance
EaSI Financial Instruments
EaSI Capacity Building Investments Window
EaSI Guarantee Instrument
EaSI Funded Instrument
European Progress Microfinance Facility
Entrepreneurs supported through Progress Microfinance
European Fund for Strategic Investments (EFSI)
How does EIF contribute to EFSI
How to apply for EFSI financing
Regional Development - Country and sector-specific initiatives
Dutch Future Fund (DFF)
Dutch Alternative Credit Instrument (DACI)
PORTUGAL BLUE: a new initiative for blue economy investments
JEREMIE Greece Reflows – Business Angels’ Co-Investment Equity Instrument
German Corona Matching Facility (CMF)
Portugal Growth programme
Croatian Growth Investment Programme (CROGIP)
Central and Eastern European Technology Transfer (CEETT)
AGRI Italy Platform Uncapped Guarantee Instrument
ALTER’NA – ESIF EARFD Nouvelle-Aquitaine
Baltic Innovation Fund 1 (BIF 1)
Baltic Innovation Fund 2 (BIF 2)
Central Europe Fund of Funds (CEFoF)
Croatian Venture Capital Initiative (CVCi FoF)
Competitiveness Fund-of-Funds for SMEs in Romania
Deep and Comprehensive Free Trade Area Initiative East Guarantee Facility (DCFTA)
Dutch Growth Co-Investment Programme
Dutch Venture Initiative (DVI-II)
ESIF Fund-of-Funds Greece
EAFRD FoF Portugal
EAFRD FoF Romania
The ERP-EIF Facility
ERP-EIF Co-Investment Growth Facility
The LfA-EIF Facilities
The German Future Fund (GFF) - EIF Growth Facility
INAF – French National Agricultural Initiative
ESIF Energy Efficiency and Renewable Energy Malta
Regional Fund-of-Funds Romania
ESIF Fund-of-Funds Czech Republic
The Silesia EIF Fund of Funds
La Financière Région Réunion
The EIB Group Risk Enhancement Mandate (EREM)
EstFund
FOSTER TPE-PME Occitanie
Greater Anatolia Guarantee Facility (GAGF)
G43 - Anatolian Venture Capital Fund Project
InvestBG Equity Instrument
JEREMIE
JEREMIE Romania Reflows – Equity Instrument
Luxembourg Future Fund (LFF)
Mezzanine 'Fund of Fund' for Germany (MDD)
Polish Growth Fund of Funds (PGFF)
Portugal Venture Capital Initiative (PVCi)
Scottish-European Growth Co-Investment Programme
Slovene Equity Growth Investment Programme (SEGIP)
Swedish Venture Initiative (SVI)
Turkish Growth and Innovation Fund (TGIF)
Western Balkans Enterprise Development & Innovation Facility (WB EDIF)
EAFRD FoF Greece

The Yield Lab Europe – European/global media press release

  •  
    Date: 27 May 2021

The Yield Lab Europe has announced almost €50 million at second close for its sustainable agrifood tech venture capital fund, investing in seed- to Series A-stage companies in Europe, with the addition of new investors including the European Investment Fund, through the European Fund for Strategic Investments (EFSI), Invest-NL, Allied Irish Banks plc and new family office investors.

The Yield Lab Europe is also expanding into the Netherlands, opening a Dutch office as part of a new partnership with StartLife, the agrifood tech hub and accelerator for Wageningen University & Research, a globally recognised leader in agrifood tech innovation and sustainability.  The Yield Lab Europe is the investor-in-residence with StartLife and will be actively investing in Dutch start-ups.

The fund has completed seven investments to date, including N2 Applied (biogenic methane reduction/decarbonisation of livestock), Microgen Biotech (soil health), ApisProtect (protection of honey bees and biodiversity), Micron Agritech (livestock parasite testing), Equimetrics (animal health monitoring), Kaffe Bueno (coffee upcycling) and RootWave (sustainable weed control).

The fund is focused on the dual objectives of strong financial returns and environmental impact. It invests in technologies that improve the environmental and carbon footprint of the food and agriculture industries, to support the vision and implementation of the European Green Deal and the European Commission’s Farm to Fork Strategy. The fund has mapped over 2,000 agrifood tech start-ups in Europe.

The fund is also part of the Yield Lab global network, with sister funds in the USA, Latin America and Asia Pacific. This provides start-ups with access to an unparalleled network to enable them to scale and commercialise internationally.

Commenting on the close, Chairman Paul Finnerty said: “We believe that zero-carbon agriculture and food production is a tremendous opportunity and can be achieved by 2040. We have invested and will continue to invest in technologies to enable this transition, to position European agriculture as a global leader in decarbonising agriculture and food.”

Alain Godard, Chief Executive of the European Investment Fund said: “Scaling up world-class research to advance agricultural technology, improve production, biodiversity and animal health, and adapt to a changing climate is crucial for agriculture in Ireland and Europe. The European Investment Fund is pleased to support Yield Lab Europe’s expansion into Europe and increase venture capital backing for agricultural innovation.”

Managing partners Nicky Deasy and David Bowles added: “We are open for business, so please contact us at europe@theyieldlab.com if you are building the next generation of agrifood technology and are raising capital.”

Background information:

The European Investment Fund (EIF) is part of the European Investment Bank Group. Its central mission is to support Europe's micro, small and medium-sized businesses (SMEs) by helping them to access finance. EIF designs and develops venture and growth capital, guarantees and microfinance instruments which specifically target this market segment. In this role, EIF fosters EU objectives in support of innovation, research and development, entrepreneurship, growth, and employment.

The Yield Lab Europe is an Agtech focussed impact venture capital fund, investing into early stage European AgriFoodTech companies to make the global food and agriculture production systems more sustainable and more efficient whilst improving profitability.  Investments include technologies in crop production, animal health and welfare, precision agriculture, supply chain/logistics, food ingredients, supply chain, food processing and packaging. 

The world faces a climate and biodiversity crisis, where the carbon and environmental footprint of our systems of food production needs to be substantially reduced. At the same time, the global population is expected to reach 10 billion by 2050, adding further pressures to the food system.

The agrifood industry globally is one of the largest contributors to greenhouse gas emissions, and is coming under mounting pressure to decarbonise, reduce chemical pesticides and fertilisers, reduce water pollution, reduce medications used for livestock, improve biodiversity on farms, and to move to more regenerative methods of agriculture. Farmers are concerned about the impact of these changes on their incomes and how they will achieve these competing demands.

Agricultural and food systems globally need a major overhaul to meet these challenges. The Yield Lab Europe is investing in start-ups with the technologies necessary to enable this transition.

Press contacts:

EIF:
Richard Willis, r.willis@eib.org, tel.:+352 621 55 57 58
Website: www.eib.org/press - Press Office: +352 4379 21000 – press@eib.org

The Yield Lab Europe:
Fiona Dunning
, Marketing Advisor, fiona@theyieldlab.com, tel.: +353 86 4012441

Website: www.yieldlab.ie

 

We use cookies to give the best browser experience on our website. or change cookie settings.

Note: Following the recent withdrawal of the United Kingdom from the European Union, we are updating the relevant EIF.org pages.

 
 

Copyright ©

 European Investment Fund 2021 – The European Investment Fund is not responsible for the content of external internet sites.