AGRANA and RAIFFEISEN NÖ-WIEN invest € 5 million in FOODLABS fund

EQS-Media / 25.09.2024 / 09:30 CET/CEST

   AGRANA and RAIFFEISEN NÖ-WIEN invest € 5 million in FOODLABS fund

   - Important access to start-ups in the agricultural and food technology
   sector

   AGRANA and Raiffeisen-Holding Niederösterreich-Wien are each investing €
   2.5 million in the third fund set up by the German fund manager FoodLabs
   which, with a broad portfolio of more than 60 companies, including some in
   the food and agricultural technology sectors, is among the most active
   Food & Climate funds in Europe.

   By means of their investments in FoodLabs, AGRANA and Raiffeisen-Holding
   Niederösterreich-Wien are gaining access to start-ups with innovations and
   technologies which are highly relevant to their business activities.

   “For AGRANA, as a processor of agricultural commodities and a provider of
   integrated solutions for the food and beverages sector, innovations
   related to agricultural research and food technologies are particularly
   interesting. In addition to our own projects, our investment in FoodLabs
   provides us with early-stage access to new technologies so that we can
   continue to boost our innovative strength and leverage the inputs of
   creative start-ups to further develop our portfolio,” highlights the CEO
   of AGRANA Beteiligungs-AG, Stephan Büttner.

   “Entrepreneurial ideas require courage but also financial support. Our
   investment in FoodLabs is a key step encouraging entrepreneurship,” says
   Michael Höllerer, CEO of Raiffeisen-Holding Niederösterreich-Wien. “We see
   ourselves as an enabler when it comes to promoting future-oriented
   solutions to social challenges. That is why we are supporting innovations
   in the important high-growth FoodTech segment together with our investment
   in AGRANA.”

   “We are delighted and really appreciate having strong partners on board
   who fully support our goals, not only financially but also strategically.
   Their support is a clear indication of our joint commitment to boosting
   quality of life in the world and establishing future-fit companies in the
   long term. Together with AGRANA and Raiffeisen, we share a vision of
   leveraging innovations in agricultural and food technology to develop key
   solutions to the challenges of the age,” says Patrick Noller, General
   Partner, FoodLabs.

    

   About FoodLabs

   FoodLabs is a globally active early-stage VC investor and venture studio,
   assisting companies committed to planetary and human health. The FoodLabs
   Studio identifies new opportunities to tackle the biggest challenges of
   our time. It works alongside visionary entrepreneurs and scientists who
   have what it takes to empower the transformation. Based in Berlin and with
   a network supporting entrepreneurs globally, FoodLabs focuses on solutions
   in the areas of consumers, the food supply chain, health, agriculture,
   climate and synthetic biology. Since being founded in 2016 by Christophe
   F. Maire, FoodLabs has built and invested in more than 60 early-stage
   companies, including Infinite Roots, Formo, Meatable and Klim.

   [1]www.foodlabs.com

    

   About AGRANA

   AGRANA converts agricultural raw materials into high-quality foods and
   numerous industrial intermediate products. Around 9,000 employees at 55
   production facilities worldwide generate annual Group revenue of
   approximately € 3.8 billion. The Group was founded in 1988, is the global
   leader in fruit preparations, a leading player worldwide in the production
   of apple and berry juice concentrates in addition to being a key
   manufacturer of customised potato, corn and wheat starch products as well
   as organic ethanol in its Starch segment. AGRANA is one of the leading
   sugar companies in Central and Eastern Europe.

   www.agrana.com
    

   About Raiffeisen-Holding NÖ-Wien

   Raiffeisen-Holding NÖ-Wien, as one of the largest private investment
   holding companies in Austria, is active and innovative with a clear
   strategic focus on the future. It is focused on investments in the fields
   of banking, food products, media and infrastructure as well as new
   ventures in health, energy, entrepreneurship and regional responsibility.
   It strives to create added value for its members and works together with
   people to jointly shape the future of the region.

   [2]www.raiffeisenholding.com

    

   For queries, please contact:

   FoodLabs, Valeriia Do, [3][email protected] 

   AGRANA, Markus Simak, [4][email protected]

   Raiffeisen-Holding NÖ-Wien, Katharina Wallner,
   [5][email protected]

    

    

   End of Media Release

   ══════════════════════════════════════════════════════════════════════════

   Issuer: AGRANA Beteiligungs-Aktiengesellschaft
   Key word(s): Enterprise

   25.09.2024 CET/CEST This Press Release was distributed by EQS Group AG.
   www.eqs.com

   ══════════════════════════════════════════════════════════════════════════

   Language:    English
   Company:     AGRANA Beteiligungs-Aktiengesellschaft
                F.-W.-Raiffeisen-Platz 1
                A-1020 Wien
                Austria
   Phone:       +43-1-21137-0
   Fax:         +43-1-21137-12926
   E-mail:      [email protected]
   Internet:    www.agrana.com
   ISIN:        AT000AGRANA3
   WKN:         A2NB37
   Listed:      Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt,
                Munich, Stuttgart, Tradegate Exchange; Vienna Stock Exchange
                (Official Market)
   EQS News ID: 1994899


    
   End of News EQS Media


   1994899  25.09.2024 CET/CEST

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