Andersons’ venture-capital arm ready to boost start-ups
Story excerpt provided by The Blade.
Written by Jon Chavez.
The Andersons Inc. has launched a venture capital fund to help it find and partner with innovative companies or entrepreneurs involved in developing technologies or breakthroughs in agriculture.
The Maumee Ventures fund was capitalized at the end of December by The Andersons, and although the company declined to disclose the size of the fund, company spokesman Debra Crow said the fund could invest up to $5 million each in start-ups looking for seed money or more mature companies looking for a second round of funding.
“We’re seeing it as an opportunity to leverage the expertise and the forward-thinking of some of these start-ups,” Ms. Crow said.
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Originally published January 29, 2015.
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