US-based investment platform FoodShot Global has launched with support from partners including financial services firm Rabobank.
FoodShot plans to provide up to $10m in equity funding and $20m in debt financing to startups working on innovative solutions that can make the global food system more equitable and sustainable.
The fund’s partners also include Generation Investment Management, Mars Edge, UC Davis Innovation Institute for Food and Health, The Rockefeller Foundation, Builders Initiative, Armonia, Stone Barns Center for Food and Agriculture, ACRE, Foundation for Food and Agriculture Research, Path Foundation, Nature Conservancy and Soil Health Institute.
Rajiv Singh, formerly CEO of Rabobank North America, is co-chairman of FoodShot Global. He said: “All too often, important work is done in silos that fail to leverage collective brain power, financing and capacities for scaling.
“FoodShot turns that archetype on its head, bringing together a breadth of partners that, collectively, can better cultivate innovation for the longer time horizon needed to truly revolutionise food and agricultural systems.”