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Cultivian Sandbox, which backs agriculture- and food-tech companies, has raised a $135 million investment fund.
It’s the third fund for the Chicago-based firm. The second fund, $114 million, was raised in 2014. New investors include several Illinois companies, including ag co-op Growmark, ADM, Ecolab and Griffith Foods.
Previous investors include DuPont subsidiary Corteva AgroSciences and Elanco Animal Health, both based in Indianapolis.
The fund, launched in 2013, is focusing more on the food-tech industry. One investment from its new fund, Phylagen, a San Francisco-based startup, brings biology and Big Data together to track food and other products in supply chains back to their source by using their microbiome signatures.
Read the full article from Crain's here.
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