Astanor raises $325 million fund to invest in agri-food tech startups

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By Reuters Staff2 Min ReadBERLIN (Reuters) – Astanor Ventures, a backer of German vertical farmer InFarm and French insect breeder Ynsect, said on Friday it had raised a $325 million fund to invest in sustainable food, agriculture and ocean technology startups.The fund will back ventures that seek to make the food supply more resilient while reducing the impact of agriculture on the environment – vulnerabilities that Astanor says have been exposed by the coronavirus pandemic.“It’s never been clearer that there’s a direct connection between the food that we eat and the environment that we live in,” said Eric Archambeau, co-founder and partner of Astanor Ventures.“When one part of the ecosystem that connects farmers, consumers, livestock, rivers, seas, soil, plants and air becomes damaged, all parts suffer.”All investments will support the United Nations’ Sustainable Development Goals, adopted by the international community in 2015 to fight poverty, protect the environment and ensure prosperity for all by 2030.Astanor cited figures that agriculture generates a third of all greenhouse gases and consumes 70% of the world’s fresh water, while 40% of food produced goes to waste or never makes it to market.Archambeau and co-founder George Coelho previously launched venture capital …

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