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FMC MAKES CHANGES IN ITS VENTURES UNIT
Jan. 20, 2025
by Jennifer Marston, AgFunder.com
Agricultural chemicals company FMC Corporation has changed the organizational structure of its VC investment arm FMC Ventures, AgFunderNews has learned, letting go of staff in the process.
Mark S. Brooks, managing director of FMC Ventures, confirmed the news via an email to AgFunderNews, which understands that all three members of the FMC Ventures team would see their roles eliminated.
AgFunderNews reached out to FMC Corporation and received the following response from executive vice president and CFO Andrew D. Sandifer:
"FMC remains committed to innovation in agricultural technology. While we have made changes to our organizational structure to optimize operations, FMC Ventures continues to operate and manage its existing portfolio of investments under the leadership of Zack Zaki, Vice President of Corporate Strategy & Development."
FMC Corporation launched its venture arm in 2020 and since that time the venture arm backed the likes of Traive, Agrospheres, Niqo Robotics, Micropep Technologies, Guardian Agriculture, and Trace Genomics, among others.
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