Adisseo announced its participation in the new closing round of China’s first Agri-food tech VC Bits x Bites. The investment is part of Adisseo’s strategy which focuses on activities at the forefront of the modern agricultural and livestock revolution.
Adisseo, a worldwide leader in nutritional solutions and additives for animal feed, announced its participation in the new closing round of China’s first Agri-food tech VC Bits x Bites, a venture fund investing in early-stage startups with transformative technologies to address the most critical challenges in the food system in China. This is the final close round of Bits x Bites’ second fund.
This investment is part of Adisseo’s strategy which focuses on activities at the forefront of the modern agricultural and livestock revolution: animal health, feed and nutrition and digital technologies serving the livestock industry.
Jean-François Rous, Adisseo Executive VP Research & Innovation, stated: “Adisseo is a unique company committed to strategic investments in new disruptive technologies, in order to enrich our portfolio of R&D innovations while respecting a mode of sustainable growth.”
Joining this fund is also part of Adisseo’s Open Innovation initiatives to integrate Adisseo in the key innovation ecosystems in the planet, to accelerate the scouting and collaboration with startups developing disruptive technologies in the fields of Precision Livestock Farming (PLF), alternative proteins for feed, carbon footprint reduction technologies applied to our production processes and novel feed additives and services supporting sustainable animal production.
“Adisseo has been proactively following the development of disruptive technologies in agriculture, in animal production, and has invested in startups through investment funds like in Europe and Latin America. Another example is Adisseo’s direct involvement in the Calysseo JV whose aim is to implement a novel technology (Single Cell Protein) into the Asian aquaculture market in cooperation with a Californian High-Tech company,” added Guy Harari, Senior Global Director and one of the Adisseo’s representatives in Bits x Bites fund.
Adisseo aims to contribute to the AgTech China ecosystem and pushes for more focus in animal production disruptive technologies, providing innovative feed additives solutions for antibiotics substitution, developing smart farming to improve monitoring and performances prediction, increasing food safety, and promoting sustainable production methods.
Adisseo is the only animal nutritional expert in the new round of investors. Other investors include industry leaders such as Syngenta Group Ventures, Wilbur Ellis, ESCO, and EDBI in Singapore and ADQ in Abu Dhabi and other reputable financial institutions and family offices. Continued support comes from Temasek in Singapore.
Bits x Bites’s raised USD100 million for its fund in an oversubscribed close.