AIB approves €4m commitment

The Irish financial services group has backed an agtech fund.

Institution: Allied Irish Banks
Headquarters: Dublin, Ireland
AUM: €92.02bn
Bitesize: €1-5m

Allied Irish Banks (AIB) has agreed a €4 milllion commitment to Yield Lab Europe Fund 1, according to a press release on The Yield Lab’s website. The agtech fund will be targeting early stage investments in Western Europe.

As illustrated in the charts below, this is the $92.02billion Irish financial services group’s second commitment to an agriculture fund, having previously committed to 2016 vintage University Bridge Fund managed by Atlantic Bridge.

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