San Francisco-based traceability technology SafeTraces has raised $6.5 million in a Series A round led by impact investor Omidyar Network. Agrifood tech investors S2G Ventures and Maumee Ventures, along with UL Ventures, City Light Capital, and Tuscan Management also participated in the round, which brings the company’s total fundraising to date to $8.5 million.
Topic: Food Safety
S2G Ventures (Seed to Growth) a leading multi-stage investment firm focused on the food and agriculture industry, announced today that it closed on an additional $180 million in committed capital, taking total assets under management to $300 million. In addition, the firm announced that Aaron Rudberg has joined the firm as Managing Director and Chief Operating Officer. In this role, Rudberg will have responsibility across the operations of the business as well as developing out the strategic relationships for the firm
The additional $180 million in Fund II capital enhances S2G’s ability to pursue investments in its targeted food and agriculture sectors. Since its founding in 2015, S2G has invested in 30 companies. In aggregate, S2G companies expect to achieve over $550 million in revenue in 2017 – with average growth of 150% over 2016 revenues….
Americans want to know more about what they’re eating: Where does this food come from? Was it grown in an organic, sustainable way that I can feel good about? And was it handled safely before it reached my plate. read full article