The Trendlines ties up with Bayer to set up US$10m agritech fund
THE Trendlines Group said on Monday it has signed a definitive agreement with Bayer AG to set up a limited partnership in Israel, in which Bayer will invest US$10 million.
The fund, known as Bayer Trendlines Agtech Innovation Fund, will be managed by Trendlines and will focus on investments in early-stage agritech companies of the group.
"The aim of the Fund is to leverage on Trendlines' expertise in making early-stage agritech investments and to establish and invest in companies that could be of interest to Bayer," The Trendlines said.
This followed the signing of a memorandum of understanding between the two companies for the setting up of the fund in January.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
F&B operator YKGI to exclusively operate Chicha San Chen in Macau for next eight years
LMIRT Q1 net property income dips 3.1% to S$30 million on higher expenses
Exxon misses on Q1 profit despite big gains in Guyana
US FDA approves Pfizer’s gene therapy for rare bleeding disorder
Chevron's quarterly profit beats estimates
EU toughens rules on Chinese fashion retailer Shein