The Yield Lab Latam (YLL) has completed the first close of its third fund on $20 million to invest in early-stage Latin America agrifoodtech startups. The fund’s investors include Grupo Bimbo, the largest bread producer in the world, IDB Lab, the innovation arm of the Inter-American Development Bank, and Chilean chemicals company SQM.
Latin America is a leading exporter of many of the staple foods that feed the world. But the region faces major challenges like climate change, soil degradation, water access, digitalization, and difficulty accessing markets. @The Yield Lab Institute aims to help tackle these challenges by investing in 30 Latin American #agrifoodtech startups over the next four years.
Later this year, representatives from 39 North will be attending the World Agri-Tech South America Summit to engage with our LATAM partners and showcase what St. Louis has to offer agtech startups. READ MORE