Sandbox and Cultivian raise $58.4m for $200m agriculture technology fund


Storm dark clouds over fieldInvestment firms Sandbox Industries and Cultivian Ventures have raised more than a quarter of its $200 second food and agriculture fund.

The Cultivian Sandbox Food & Agriculture Fund (CSFAF) II has gathered $58.4m from 20 LPs, according to a document filed with the US Securities and Exchange Commission.

The filing shows that investors had to commit at least $1m and that the fund has no placement agent.

CSFAF II will target emerging technologies in the agriculture sector.

Back in March AltAssets reported that Aratana Therapeutics, which is backed by Cultivian, was looking to raise $57.5m through an IPO.

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