BayWa, Bindewald and Gutting Mühlengruppe and MULTIVAC Establish AgriFoodTech Venture Alliance

BayWa Venture GmbH, MULTIVAC, Bindewald + Gutting Mühlengruppe, have formed the AgriFoodTech Venture Alliance, investing approximately 20 million euros in AgriFoodTech startups to enhance sustainability in the food sector's value chain. The alliance will focus on areas such as AgTech/BioTech, FoodTech, Circular Economy, and Automation & Digitalization, aiming to make food production and packaging more efficient and sustainable.

With Bindewald and Gutting Mühlengruppe and MULTIVAC joining as shareholders in the venture, AgriFoodTech Venture GmbH, will prioritize investing in startups that utilize innovative technologies to transform the agricultural and food sector. The alliance aims to expand its portfolio to around 20 startups, providing financial investment, global networks, and expertise to support the growth of startups actively driving transformation in the industry. The merger is subject to approval by antitrust authorities, marking a significant step towards a better future for agriculture, food supply, and the planet.