Reservoir Launches Venture Fund to Support Early-Stage Agtech Start-Ups

Strategic Insights -

Reservoir, a leader in supporting agtech start-ups, has announced the launch of a new venture fund, Reservoir Venture (VC), targeting early-stage agtech companies. The evergreen fund, invested in by ag industry veteran Matthew Hoffman, will focus on pre-seed investments in robotics, automation, precision agriculture, and AI software-as-a-service (SaaS) platforms. Reservoir VC's investment strategy is aligned with today's agtech exit realities, and the firm has already invested in companies like TerraBlaster, Agriful Software, Nexstera Tech, and Farm-ng.

Key Takeaways:

  • Reservoir has launched a new venture fund, Reservoir Venture (VC), to support early-stage agtech start-ups.
  • The fund will focus on pre-seed investments in robotics, automation, precision agriculture, and AI software-as-a-service (SaaS) platforms.
  • Reservoir VC's investment strategy is aligned with today's agtech exit realities, with a focus on investing in companies "with valuations aligned to today's agtech exit realities."
  • The firm has already invested in companies like TerraBlaster, Agriful Software, Nexstera Tech, and Farm-ng.
  • Reservoir VC will change the dynamic in how investors work with agtech start-ups by focusing on close collaboration and tracking progress in the field.
  • The firm will leverage its innovation accelerator, Reservoir Farms, as a platform to help de-risk, stage gate, and support start-ups on their journey toward commercialization.
  • Matthew Hoffman, former global R&D, agtech, and digital transformation lead for Driscoll's, has joined Reservoir as a general partner to drive growth in the investment fund.

Statistics:

  • Reservoir VC will focus on investing in pre-seed companies with valuations aligned to today's agtech exit realities.

Sources:

  • Reservoir Farms press release
  • Interview with Danny Bernstein, founder and CEO of Reservoir
  • AgTechNavigator