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LEWIS & CLARK AGRIFOOD RAISES $257M FOR INVESTMENT IN AGRICULTURE AND FOOD PRODUCTION
Source: Lewis & Clark AgriFood news release

St. Louis - Lewis & Clark AgriFood announced it has closed funding for its growth equity strategy at $257 million, consisting of an oversubscribed Lewis & Clark AgriFood Fund II totaling more than $169 million and Lewis & Clark RBIC Fund II at $88 million. The RBIC Fund closed in December 2020. Both funds exceeded their fundraising target due to strong demand from investors.

Lewis & Clark AgriFood brings a breadth of quality sector experience that fuels a holistic investment approach across the entire agriculture and food value chain. Its investment team partners with growth-stage companies to enhance performance and leverage its broad network and expertise.

"We are very pleased with the funding for our AgriFood growth strategy, and we are excited to get to work with our partners to modernize the food and agriculture value chain," said Dave Taiclet, General Partner and Managing Director, Lewis & Clark AgriFood. "As the industry undergoes a considerable transformation fueled by advancements in science and technology, there has never been a better time to be investing in these sectors."

The AgriFood Fund II and RBIC Fund II have already invested in eight companies that showcase the industry's most cutting-edge solutions in a wide array of applications.

"Our sweet spot is working with tech-centric, sustainable companies that enable the agricultural industry to keep up with changing consumer demands," said Tom Hillman, Founding Partner, Lewis & Clark AgriFood. "We are well positioned by having subject matter experts and several strategic industry experts as investors, as their knowledge and access to distribution helps accelerate the growth of our companies."

The AgriFood Fund II and RBIC Fund II portfolios include, but are not limited to, the following organizations:
BinSentry - enables feed mills to effectively track on-farm inventory, dramatically increasing operational efficiencies.

BlueNalu - an industry leader in cell-cultured seafood, provides consumers with great tasting, healthy, safe and trusted products that support the sustainability and biodiversity of our oceans.

Brightseed - offers the first and only artificial intelligence to map the world's plant-based bioactives and predict which of them have the greatest impact on critical health areas.

Bushel - is a leading provider of software technology solutions for growers, grain buyers, ag retailers, protein producers and food companies.

Stony Creek Colors - creates bio-based dyes that improve profitability and ecosystem health for farmers, while empowering designers, brands and mills with greater transparency and traceability.

Tortuga AgTech - focuses on creating value for growers by addressing their hardest problems: access to reliable, affordable labor and high-quality information.

Lewis & Clark AgriFood has invested in 15 companies since its first fund launched in 2016. It has exited one, and another portfolio company is currently going public in a $2B SPAC merger.

Lewis & Clark AgriFood will continue to look for ambitious partners and investors who want to make a positive impact on the world while transforming the food and agriculture value chain. To learn more, go to lewisandclarkagrifood.com.


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