Rabo F&A Innovation Fund

Rabobank emerged from several small agricultural cooperative banks, founded by Dutch farmers in the late nineteenth century. Food & Agriculture (F&A) is in our DNA, from which we built a unique position in the F&A sector as a key financier and international player, attributes which we leverage for the benefit of our stakeholders and portfolio companies. We recognise and understand the food security challenges lying ahead of us and how Innovation in F&A supply chains is key to the solution, which is why we are dedicated to committing capital to the space.

Our Criteria

Ticket size

EUR 500k – EUR 4mln equity investment per company

Stage

Seed to Series B

Product

Preferred securities or convertible debt

Sector

Scalable proposition with relevant competitive advantage in F&A sectors across the supply chain

Geography

Western Europe, Israel and the US

Portfolio

Vence

Virtual fencing and autonomous animal control – enables the creation of virtual fencing anywhere on the farm from a smartphone or Vence web app

Year of Investment

2018

Biolumic

BioLumic develops UV lighting treatment that changes the way plants grow by using UVB light recipes which drives improved crop consistency, increased yield and enhanced disease resistance.

Year of Investment

2018

Enko Chem

Advancing crop protection chemistry by discovering novel agrochemicals

Year of Investment

2018

Telesense

Enterprise IoT solution for grain quality management

Year of Investment

2018

30MHz

30Mhz provides cutting-edge hard and software platform solutions enabling indoor growers to make more accurate decisions based on crop-level data and analytics.

Year of Investment

2019

Bird Control Group

Bird Control Group develops smart laser bird deterrent and bird repellent solutions.

Year of Investment

2019

Rootwave

RootWave is developing and marketing solutions to kill weeds using electricity to offer a scalable and sustainable alternative to chemical herbicides.

Year of Investment

2020

BeeHero

BeeHero helps growers to increase crop yield by optimizing bee pollination quality. By using a combination of inside hive sensors and algorithms to monitor and forecast hive health, it helps in precision beekeeping to generate stronger, healthier hives and maximise pollination.

Year of Investment

2020

Aidence

Aidence brings the full potential of AI into the hands of medical professionals through medical imaging and detection

Year of Investment

2019

SAGA Robotics

Saga Robotics developed an autonomous modular robot that can be configured for most agricultural environments. The technology is based on a multi-functional platform to which applications can be added.

Year of Investment

2020

InnovoPro

InnovoPro is an Israeli foodtech company that develops revolutionary chickpea-based products, including a 70% chickpea protein concentrate with exceptional properties of a neutral taste, high functionality and high nutritional values which make it highly suitable for developing a broad range of food products.

Year of Investment

2020

Team
Richard O’Gorman

Head of Rabo Ventures

Richard O’Gorman

Head of Rabo Ventures

Richard sits on the leadership team of Rabo Investments and is Head of Ventures and responsible for the Rabo F&A Innovation Fund. His broad experience in building companies stems from his entrepreneurial background in manufacturing and retail where he launched two businesses. Previously Richard worked as a financial markets trader with ANZ bank.

Richard serves on the boards as a director or observer of portfolio companies Biolumic, Vence, Telesense, Enkochem, 30Mhz, and Bird Control Group.

He holds an MBA from INSEAD, master’s degree in economics from Bristol University, degree in commerce from NUIG and is an ACCA qualified financial accountant.

Tom Ritchie

Director

Tom Ritchie

Director

Tom started his career at Rabobank in 2011, based in London. He is focused on investing seed and growth equity in innovative and disruptive start-ups in food and agriculture across Western Europe and the US. Tom has experience in venture and corporate finance, deal structuring and executing M&A transactions in the US, Europe and Australasia.

Having worked in livestock and arable farming, Tom has an applied understanding of agriculture and previously founded and ran an ethical meat business. He is also an advisor to a number of UK agribusinesses.

Tom has a first class Bachelor’s degree in Business and Economics from the University of Exeter.

Kieran Furlong

Venture Partner

Kieran Furlong

Venture Partner

Kieran joined Rabo Corporate Investments in 2020 as a Venture Partner for Rabo Ventures. His extensive experience in early-stage companies and venture capital, built on an earlier career in the global chemical and agribusiness industries.

Previously Kieran was with Finistere Ventures following leadership roles in a number of start-ups in renewables and industrial biotechnology. With Finistere he moved from San Diego to Dublin to open the firm’s first European office and was Partner for the Ireland Agtech Fund. He has worked at the intersection of research and technology commercialization at the University of Wisconsin-Madison.

Kieran is a Senior Fellow with COWS at UW-Madison, has a degree in Chemical Engineering from UCD and an MBA from Stanford University where he was an Arjay Miller Scholar.

Daniëlla Vellinga

Associate Director

Daniëlla Vellinga

Associate Director

Daniëlla is active for Rabo Ventures. She has a genuine passion for enabling entrepreneurs to grow their companies and to contribute to the banking4food strategy of Rabobank. Daniëlla joined Rabobank in March 2015 as a Corporate Management Trainee. Before joining Rabo Ventures, she was involved in creating and executing bespoke solutions for various corporate clients within the food & agri sector. Daniëlla has a long-standing involvement in innovation in the food and agri space, and co-founded an initiative to assist Kenyan dairy farmers leverage their own operational data to help them grow sustainably and to improve their access to finance. Daniëlla holds a Master’s degree in Economics from the University of Amsterdam.

Rens Mathot

Analyst

Rens Mathot

Analyst

Rens joined RCI in October 2019 after completing the Rabo Global Traineeship. He is part of Rabo Ventures , where he can combine his background in finance and technology to fuel the growth of start-ups.

After gaining experience at the Digital Bank, Corporate Lending and Acquisition Finance, he is now able to pursue his passion for innovative companies in the food and agri space. With his social skills and result-driven mindset, he strives to support ambitious entrepreneurs in realizing their growth ambitions.

Rens graduated from the Erasmus University Rotterdam and holds Master’s degrees in Finance and Investments and Business Information Management.

Linda Boender

Director

Linda Boender

Director

Linda joined RCI in 2019. She is focused on supporting sustainable transformation by investing growth equity in innovative and disruptive start-ups in F&A across Western Europe, the US and Israel. Before joining Rabobank, Linda’s career has been Food-focused. In her role as strategy consultant, she assisted clients (a.o. CPG) in commercial strategy. She held several commercial and analytical roles in food retail, responsible for a.o. assortment and product development. This diverse and analytical background provides the foundation for a well-founded assessment and hands-on approach. Linda holds a double master’s degree in International Management from CEMS-Rotterdam School of Management.

Are you curious what we can do for your company?

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Address

Rabo Investments

Croeselaan 28

3521 CB Utrecht