GreenSoil Investments, an agriculture and real estate fund manager, is planning to expand its agri investment activities, according to Gideon Soesman, managing partner.
“Next year we are starting fruit funds in Europe and Canada,” he said, adding that the perception of the asset class has improved in recent years.
“When we first started out, people were not taking us very seriously. Now, agri investment is definitely getting more attention from investors.”
GreenSoil, which launched two years ago, has established two funds; one for Israeli agriculture and another for Canadian projects in building innovation. It has offices in both countries. The Israeli fund – GreenSoil Agro & Food – is a seed stage fund where portfolio companies receive investments of between $1 million and $5 million.
The minimum commitment to the fund from LPs is $500,000. The fund invests into a wide range of companies in the Israeli agri sector, from plant breeding companies to biodegradable packaging producers. “Investors to this fund are typically family offices and other private equity outfits,” said Soesman.
GreenSoil Investments did not disclose information regarding the status of the funds.