CV

Cargill Ventures

North America, Minnesota, United States, Minnetonka

Description

Cargill Ventures serves as the corporate venture capital arm of Cargill, Inc., a global leader in food, agriculture, financial services, and industrial products. Established to identify and invest in innovative companies, Cargill Ventures plays a crucial role in advancing strategic priorities across Cargill’s vast ecosystem. Its investment thesis is deeply rooted in fostering sustainable solutions and disruptive technologies that enhance the efficiency, safety, and sustainability of the global food and agriculture value chains. The fund primarily targets opportunities in areas such as AgTech, FoodTech, animal nutrition, sustainable ingredients, supply chain optimization, and biotechnology, aligning with Cargill's long-term vision for a more resilient and sustainable future.

The venture arm is known for its strategic, rather than purely financial, investment approach, often seeking to build long-term partnerships with its portfolio companies. Cargill Ventures typically invests across various stages, from early-stage startups with promising technologies to more mature growth-stage companies looking to scale their operations. This flexibility allows them to engage with a broad spectrum of innovation, providing not only capital but also leveraging Cargill's extensive industry expertise, global network, and operational resources to support the growth and market penetration of its portfolio companies. Their involvement often extends beyond capital, offering strategic guidance and potential commercial collaborations.

Since its inception, Cargill Ventures has demonstrated a significant commitment to driving innovation within the agri-food sector. As of recent reports, the fund has deployed over $500 million in capital across more than 40 companies, showcasing its substantial impact and active presence in the market. Notable investments include companies like Upside Foods (cellular agriculture), Puris (plant-based proteins), and Calysta (alternative proteins), among others that are pioneering advancements in sustainable food production and agricultural practices. These investments underscore Cargill Ventures' dedication to supporting technologies that address critical global challenges, from food security to environmental sustainability. The fund's consistent activity and strategic focus position it as a key player in shaping the future of food and agriculture.

Investor Profile

Cargill Ventures has backed more than 23 startups, with 0 new investments in the last 12 months alone. The firm has led 7 rounds, about 30% of its total and boasts 14 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series B, Series C, Series A rounds (top funding stages).
  • Majority of deals are located in United States, Switzerland, France.
  • Strong thematic focus on Software, Security, Biotechnology.
  • Typical check size: $2M – $15M.

Stage Focus

  • Series B (35%)
  • Series C (22%)
  • Series A (13%)
  • Series Unknown (13%)
  • Series D (4%)
  • Series E (4%)
  • Series F (4%)
  • Seed (4%)

Country Focus

  • United States (74%)
  • Switzerland (9%)
  • France (9%)
  • India (4%)
  • Spain (4%)

Industry Focus

  • Software
  • Security
  • Biotechnology
  • Health Care
  • Network Security
  • Enterprise Software
  • Energy
  • Fossil Fuels
  • Renewable Energy
  • Food And Beverage
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Cargill Ventures frequently co-invest with?

TVM Capital
Europe, Bayern, Germany, Munich
Co-Investments: 2
BR
North America, Minnesota, United States, Hopkins
Co-Investments: 8
Three Arch Partners
North America, California, United States, Portola Valley
Co-Investments: 2
Skyline Ventures
North America, California, United States, Palo Alto
Co-Investments: 2
Cardinal Partners
North America, New Jersey, United States, Princeton
Co-Investments: 2
Venture Investors
North America, Wisconsin, United States, Madison
Co-Investments: 3
Advantage Capital
North America, Louisiana, United States, New Orleans
Co-Investments: 2
Crescendo Ventures
North America, California, United States, Palo Alto
Co-Investments: 3
Wellcome Trust
Europe, England, United Kingdom, London
Co-Investments: 2
Intel Capital
North America, California, United States, Santa Clara
Co-Investments: 2

Which angels does Cargill Ventures often collaborate with?

RB
North America, Virgin Islands, United States
Shared Deals: 1
BG
North America, Washington, United States, Seattle
Shared Deals: 1
KM
North America, Colorado, United States, Denver
Shared Deals: 1
MP
Europe, Switzerland
Shared Deals: 1

What are some of recent deals done by Cargill Ventures?

Flyability

Lausanne, Vaud, Switzerland

Flyability is a Swiss company building safe drones for inaccessible places.

Consumer ElectronicsDrone ManagementDronesRoboticsSecurity
Series CMar 3, 2023
Flyability

Lausanne, Vaud, Switzerland

Flyability is a Swiss company building safe drones for inaccessible places.

Consumer ElectronicsDrone ManagementDronesRoboticsSecurity
Series CSep 8, 2022
Amount Raised: $15,484,255
Cocuus

Cizur Menor, Navarra, Spain

Cocuus works to create innovative and surprising culinary solutions every day.

3D Printing3D TechnologyFood and Beverage
SeedJun 8, 2022
Amount Raised: $2,679,238
UPSIDE Foods

Berkeley, California, United States

UPSIDE Foods is a food tech company that produces and grows sustainable cultured meat.

Alternative ProteinFood and BeverageFood ProcessingMeat and PoultryOrganic FoodSustainability
Series BJan 22, 2020
Amount Raised: $161,000,000
Virent Energy Systems

Madison, Wisconsin, United States

Virent Energy Systems is an energy technology company providing solutions that facilitate the renewable replacement of fossil fuels.

EnergyFossil FuelsRenewable Energy
Series CJun 8, 2010
Amount Raised: $46,400,000
Lockdown Networks

Seattle, Washington, United States

Lockdown leverages network, security and infrastructure to identify every user and device on the network and assesses devices.

InfrastructureNetwork SecuritySecuritySoftware
Series BNov 13, 2007
Amount Raised: $14,680,000
Virent Energy Systems

Madison, Wisconsin, United States

Virent Energy Systems is an energy technology company providing solutions that facilitate the renewable replacement of fossil fuels.

EnergyFossil FuelsRenewable Energy
Series BSep 7, 2007
Amount Raised: $21,000,000
GuardianEdge Technologies

San Mateo, California, United States

GuardianEdge is a company offering endpoint data protection that enables enterprises to safeguard confidential and proprietary data.

EnterpriseEnterprise SoftwareSecurity
Series BJul 23, 2007
Amount Raised: $10,000,000
Intalio

Fontenay-sous-bois, Ile-de-France, France

Intalio is a software provider introducing advanced line of business solutions in Content and Process Services.

AnalyticsArtificial Intelligence (AI)ConsultingData IntegrationDocument ManagementMachine LearningNatural Language ProcessingSoftware
Series UnknownJul 9, 2007
Amount Raised: $2,300,000
Compellent Technologies

Eden Prairie, Minnesota, United States

Compellent Technologies develops enterprise storage software and hardware solutions.

Cyber SecurityNetwork SecuritySoftware
Series UnknownSep 25, 2006
Amount Raised: $15,000,000