Singapore-based venture capital firm Hatcher+ has teamed up with Australia-based early-stage agrifood tech venture capital firm Mandalay Venture Partners to identify and support startups developing groundbreaking technology to improve how food is grown, distributed, and consumed.
By combining Hatcher+’s advanced AI-powered funds as a service technology (FAAST™) platform with Mandalay Venture Partners’ deep expertise and robust network in the agrifood
sector, the partnership seeks to accelerate the growth of startups focusing on solutions from ‘farm-to-fork’, the duo said in a statement on Wednesday.
This includes on-farm technologies, farm gate solutions, supply chain innovations, and point-of-sale advancements.
Their first joint investment is in Cropify, an Australian company that uses artificial intelligence (AI) to make grain grading more accurate and efficient.
The system enables growers, grain bulk handlers, and marketers to grade pulse samples with objective, repeatable precision, driving significant efficiency across the entire category.
By reducing carbon dioxide (CO2) emissions and plastic usage, it not only promotes sustainability but also delivers tens of millions of dollars in savings to the sector.
According to the statement, the partnership between Hatcher+ and Mandalay Venture Partners marks a significant step towards addressing global food security challenges, climate change, and resource scarcity.
By fostering innovation and scaling excellence within the agrifood sector, Hatcher+ and Mandalay Venture Partners are setting the stage for transformative changes that will benefit communities worldwide.
“Our mission at Mandalay Venture Partners is to sustainably feed the world’s growing population by supporting the most promising agrifood tech startups,
“Partnering with Hatcher+ allows us to leverage their AI-driven platform to ensure we’re backing the best innovators with the potential to transform the global food system,” said Mark Gustowski, Managing Partner at Mandalay Venture Partners.
“We are committed to providing these startups with the global capital, expertise, and networks they need to succeed, and this partnership amplifies our ability to do so,” he added.
John Sharp, Managing Partner at Hatcher+, added that this partnership with Mandalay aligns perfectly with their vision of using advanced technology to drive impactful investments.
“By integrating our FAAST™ platform with Mandalay’s sector-specific expertise, we can offer unparalleled support to startups, ensuring they have the resources, knowledge, and network to succeed,
“We aim to create a more sustainable, resilient, and equitable food system. Our goal is to transform groundbreaking ideas into thriving businesses that can significantly impact the environment and society as a whole,” he added.
Mandalay Venture Partners is a venture capital firm investing in and supporting early-stage agrifood tech startups.
The firm’s mission is to sustainably feed the world’s growing population by backing innovative solutions across the value chain.
The firm brings a hands-on approach to venture capital, working closely with founders to scale their innovations and achieve transformative growth.
Hatcher+ is a leading venture capital firm specializing in the development of advanced software and AI-based data models to support fast fund creation, AI-powered deal analysis, and intelligent capital deployment.
The Hatcher+ FAAST™ platform streamlines fund administration, enabling efficient portfolio construction and real-time financial data visualization, ensuring impactful and scalable investment strategies.
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