International company bases $40m Agritech fund in Manawatu¯

Finistere Ventures, one of the world’s leading agritech and life sciences venture capital firms, will base its $40m Finistere Aotearoa fund in Palmerston North. The fund was formed in conjunction with the government’s NZ Growth Capital Partners programme, and will run from start-up business centre The Factory. The fund will focus on supporting highpotential technologies with a concentration on advanced crop protection technologies, nutrient management, alternative proteins, food delivery, and supply chain advances to promote a healthier, more sustainable agrifood ecosystem.