Finistere Ventures partners with 3 Israeli firms to invest up to $100 million in Israeli agrifood startups

Finistere Ventures is intent on investing in technologies in the food sector.

On Monday, Finistere Ventures, a food technologies-focused firm has partnered with three Israeli firms to invest up to $100 million in agrifood startups in Israel.

Finistere will be joined by Tnuva, Israel’s largest food company that is controlled by China’s Bright Food, beverage maker Tempo and OurCrowd, one of Israel’s largest venture investors, in looking for technologies in the food sector.

The partnership comes in the wake of the Israeli government establishing an innovation incubator focused on food tech.

The group said they will bid to operate the incubator being built in Israel’s north.

OurCrowd invested in plant-based meat maker Beyond Meat, which went public this month. Finistere is backed by investors including Bayer, Ireland’s Strategic Investment Fund, Nutrien and PepsiCo.

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