27 May 2019 $100 million invested in agrifood start-ups in Israel

A partnership between food technologies-focused Finistere Ventures and three Israeli firms was formed, aiming to invest up to $100 million in agrifood startups in Israel. Reuters reported that Finistere would partner up with Tnuva, Israel’s largest food company, controlled by China’s Bright Food, beverage maker Tempo and OurCrowd, one of Israel’s largest venture investors in the food tech sector. OurCrowd invested in plant-based meat maker Beyond Meat and Finistere is backed by investors including Bayer, Ireland’s Strategic Investment Fund, Nutrien and PepsiCo.