Sramana Mitra: Why did they choose to go in that direction? What was the draw for them? Francisco Jardim: The same thing that drew us. First of all, it’s purpose-driven. It’s a representative part of our economy. At the same time, it’s a sector that is highly exposed and volatile to all these external issues.
Sramana Mitra: What is the limited partner scenario for AgTech? This $75 million and the rounds before, is there a set of limited partners that are particularly interested in AgTech? Francisco Jardim: We have two anchors that are very large agriculture multinationals who have been active in the corporate venture sectors. These two guys are
Sramana Mitra: Talk to me about stage. You started off by saying that you like early stage. Define early stage for me. Are we talking seed? Are we talking pre-seed or concept stage? Francisco Jardim: Now that the AgTech ecosystem in the region is already on its way to maturity, we are given the luxury
Sramana Mitra: Can you talk about what those bottlenecks are that can be tackled with IT? When you say AgTech, I take it that you are talking about information technology as it applies to agriculture? Francisco Jardim: When we say AgTech, we mean the entire agribusiness value chain, which represents approximately 22% to 24% of