Legacy Finance Eyes Agtech, with Wells Fargo

Legacy Finance Eyes Agtech, with Wells Fargo

While early-stage agtech tends to play in the venture world, it pays to check in with how folks sitting in banking think about their role as partners to startups. Traditional lenders can draw on the best part of a century of connection to agriculture, and potentially offer significant options for financing the growth of later-stage companies.

This week we heard from Romie Basra, Senior VP, National Sustainable Tech Practice Leader, and Karol Aure-Flynn, Food and Agribusiness Industries Advisor at Wells Fargo. As investors and lenders in traditional agriculture, as well as to other tech movements that have boomed (and busted) in recent memory, Romie and Karol joined to speak about:

  • Cleantech vs. agtech. How investors in the previous waves of cleantech think about the challenges facing the new generation of startups in ag
  • Financing options for startups. What role a legacy provider of finance like Wells Fargo wants to play for growing agtech companies
  • Scaling in indoor ag. How a bank thinks about the barriers to scale for companies in a space like indoor agriculture
  • Value props to institutional lenders. Why the “unsexy” elements of startup scale matter most to institutional lenders

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Episoder(203)

How Small Growers Think about AgTech, with Sam Godwin, Washington Apple Grower

How Small Growers Think about AgTech, with Sam Godwin, Washington Apple Grower

There are few areas of the ag sector that are more in need of tech solutions than tree fruits. All around the world, factors like labor shortages, an aging farm workforce, mounting regulations, and ri...

7 Feb 202430min

AgTech News …So What? January 2024 with Shane Thomas

AgTech News …So What? January 2024 with Shane Thomas

This week, in a new experimental format, we’re breaking down the freshest announcements from leaders in the agribusiness, agtech, and ag production worlds to share insights and ask “so what?” Sarah is...

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AgTech 2023… So What? A Wrap-up

AgTech 2023… So What? A Wrap-up

Somehow it’s December again, and another year has come and nearly gone. We've spent a lot of time reflecting on the highs and lows of a particularly unpredictable year for Tenacious Ventures, our port...

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Reflecting on Nowadays, a Tenacious Portfolio Company Wind Down

Reflecting on Nowadays, a Tenacious Portfolio Company Wind Down

Hearing the stats about startup failure rates (70 - 90%), and how one - only one- investment drives returns for most VC funds, is one thing. Actually experiencing it, is another. In line with our lear...

22 Nov 202334min

How Can Agtech Startups and Corporates Do More Together?

How Can Agtech Startups and Corporates Do More Together?

There's a persistent myth in the startup space, and in agtech especially, that the most important way that corporates can support startups is through direct investments. In our experience, this is an ...

8 Nov 202332min

What do LPs Look for In AgTech Funds?

What do LPs Look for In AgTech Funds?

2023 has been a year of both investing and fundraising for us here at Tenacious Ventures. And sitting on both sides of the table has highlighted to us just how much of the investing world is stuck in ...

25 Okt 202340min

How Outside Forces are Shaping the Food System with Ian Proudfoot, KPMG

How Outside Forces are Shaping the Food System with Ian Proudfoot, KPMG

We've spent a lot of time this year talking about the future of specific sub-spaces of the food system– fertilizer, vertical farming, alternative protein, and ag retail, just to name a few. We’ve focu...

11 Okt 202335min

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Methane and the Climate Commitments that Matter Most Today

As 2030 looms and the climate commitments made in the last decade come into clear (and often disappointing) focus, one important lesson we’ve learned is that not all greenhouse gasses are created equa...

27 Sep 202335min

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