Astanor Ventures closes Fund II with $384m; focused on agrifood sector

Astanor Ventures has closed its second agrifood fund on $384 million, indicating a continued interest in funding startups in the agrifood sector despite challenging macroeconomic conditions.

The fund will invest in both early- and later-stage agrifood startups, as well as some adjacent sectors, such as controlled environment agriculture and shelf-life preservation tech for produce.

While some industries like vertical farming and plant-based meat have seen a decrease in funding, Astanor remains committed to controlled environment farming and continues to seek investments in companies that deliver on the promise of plant-based products.