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St. Louis Business Journal reports:

Lewis & Clark Ventures' new venture capital fund, which is expected to be worth $45 million, will focus on companies that improve crop yield, increase energy efficiency, boost farmers' productivity and streamline the distribution chain from farmer to consumer, Lewis & Clark officials told the Business Journal.

The new fund, called Lewis & Clark Plant Sciences Fund I LP, will also augment the firm's existing $104 million fund, which has broad focus in sectors such as agtech, enterprise software, health care technology and financial technology.

Specifically, the new life sciences fund will target opportunity in precision agriculture, plant genomics, soil and crop technology, biomaterials, food sustainability, irrigation and water solutions.

"We have a mecca for research and plant sciences resources right in our backyard that's unparalleled in the world," Hillman said. "We have the library at the Missouri Botanical Garden, the Danforth Plant Science Center, one of the largest seed companies in the world (Monsanto), not to mention the universities and what organizations like BioSTL are doing - the list goes on and on."

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