Monsanto and Bunge Join Early-stage Technology Fund | Chemical & Engineering News
 
 
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Web Date: September 7, 2010

Monsanto and Bunge Join Early-stage Technology Fund

Agriculture giants provide $3 million in seed money to new partnership
Department: Business
Keywords: start-ups, technology funding, renewable energy, biofuels, carbon capture

Agribusiness majors Monsanto and Bunge will each invest $1.5 million in a so-called seed fund that will invest in new technologies in energy and agriculture.

The fund, called Nidus Investment Partners, hopes to raise $9 million to $12 million from between six and eight corporations, according to managing partner Victoria Gonzalez. Monsanto and Bunge are the first companies to publicly commit money to the effort.

With the money, Nidus . . .

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