Activant raises $129 million in its second agtech investment fund
Feb. 22, 2018
Sees Opportunity in Agtech
The firm has indicated that Ventures II will be seeking to make investments in "companies with data-heavy business models, marketplaces, and businesses with strong network effects that utilize machine learning and artificial intelligence," including potentially related sub-sectors such as warehouse management, logistics, digital marketplaces, and agriculture technology.
Activant was a participant in Indigo Ag's recent $156 million Series D round, announced in September of 2017. According to Indigo, those funds are being used to broaden the company's product portfolio to address a wide range of environmental stresses, pests, and disease. Indigo's technology harnesses natural microbes and leverages data-based agronomic practices to increase yields even while reducing nitrogen use in agriculture.