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AVAC Ltd. and Verdex Capital to co-sponsor VCAA/CVCA Conference 2016

By | AVAC Ltd., Press Release | No Comments

Calgary, Canada – AVAC Ltd. and Verdex Capital are proud to announce their sponsorship of the VCAA/CVCA Conference & Ski Day in Lake Louise, Alberta, on February 24-25.

The Venture Capital Association of Alberta (VCAA) and the Canadian Venture Capital and Private Equity Association (CVCA) bring together top investors at their annual invite-only conference which features high-level discussions on the venture capital landscape and upcoming sectors.

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AVAC Board Announces Leadership Team Promotions

By | AVAC Ltd., Press Release | No Comments

FOR IMMEDIATE RELEASE
June 26, 2015

CALGARY, AB – AVAC Ltd. is pleased to announce the appointment of Warren Bergen as President of AVAC Ltd. and Mark Carlson as Managing Partner of Verdex Capital Inc., a wholly-owned subsidiary of AVAC launched in Q4 2014.  In their new roles, Mr. Bergen and Mr. Carlson will continue to foster and grow the reach of the group, focusing on investments in agricultural technology (Ag Tech) and early-stage angel co-investment opportunities.

“These appointments represent the next phase of AVAC’s evolution. Our historic support from the Governments of Alberta and Canada has helped AVAC to grow and mature. Moving forward the organization is transitioning to a venture capital group capable of raising third- party financing to invest in valued-added agri-business and agricultural technologies companies,” explained Dr. Rennie, Chairman of the Board of Directors of AVAC.

Mr. Bergen and Mr. Carlson have been with the organization for several years and have played important roles in shaping the strategic direction and management of the business. Mr. Bergen, formerly Vice President Corporate Development, has been with AVAC since 2011.  Mr. Carlson has been with AVAC since 2009 and was formerly Vice President Investment. They will both report directly to the AVAC Board of Directors in their new roles. As a result of this reorganization, Dr. Michael Raymont, formerly President and CEO of AVAC, has stepped down from his interim role to pursue other interests.

“The Board of Directors wishes to thank Dr. Raymont for his significant contribution as a long-term director of AVAC and, most importantly, for his leadership in the transition that set the stage for AVAC’s partnership with Finistere Ventures LLC in the Finistere Ventures FVII Fund, which was launched in January  2015,” commented Dr. Rennie.

-ends-

Contact:

Arleigh Vasconcellos
(403) 561-4810
media@avacltd.com

Notes to Editors:
About AVAC Ltd

AVAC Ltd is an investment company with over 16 years of experience in helping bridge the critical investment gap that exists between innovative ideas and commercial business success. AVAC invests in promising early-stage commercial ventures in value-added agri-business, information and communications technologies, life sciences, and other industrial technology sectors. AVAC also manages an active early-stage venture capital fund-of-funds investment pool and the Accelerate Fund, an angel co-investment fund. Find out more: www.avacltd.com & www.acceleratefund.ca.

About Verdex Capital

Verdex Capital is a venture capital group focused on Agriculture Technology (Ag Tech) investments. It was established by AVAC Ltd., an investment company with over 16 years of experience in financing early-stage innovative business opportunities and providing both capital and other value-added services to grow commercial business successes. With deep experience in agriculture and venture capital, Verdex Capital has the partnerships, networks, and expertise to identify true game-changers.

Verdex has partnered with Finistere Ventures – a top-tier US Ag Tech investor – to assist with the management of the $150 Million Finistere FVII Fund in Canada through deal sourcing, due diligence, investment recommendations and portfolio monitoring, and exits.

Find out more: www.verdexcapital.com

Verdex Capital adds new AgTech analyst

By | AVAC Ltd., Press Release | No Comments

Ingrid Fung to boost company presence in Toronto

Verdex Capital is pleased to announce that Ingrid Fung has joined their investment team as Senior Analyst, Agriculture Technologies.

“We are delighted to have Ingrid Fung on our team,” said Dr. Michael Raymont, Founding and Managing Partner at Verdex Capital. “Her extensive experience on both the business and research aspects of Ag Tech will make her a valuable resource for us.”

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AVAC Ltd. Partner in Finistere Ventures $150M FVII Fund

By | AVAC Ltd., General, Press Release | One Comment

AVAC Ltd. and Bayer CropScience are founding partners in Finistere Ventures latest Ag Tech Fund

Calgary, AB – AVAC Ltd. is pleased to announce the first closing of the Finistere Ventures FVII Fund, a new $150M Ag Tech Fund. AVAC is a founding partner in the FVII Fund alongside Bayer CropScience and another global strategic partner. The Fund’s mandate is to identify and invest in world-class technologies across early to growth stage companies in the agriculture technology (Ag Tech) space.

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Finistere Ventures Announces First Closing of New $150 Million Agtech Fund in Collaboration with Bayer CropScience and AVAC Ltd.

By | AVAC Ltd., General, Press Release | No Comments

February 25, San Diego – Finistere Ventures, a California-based innovation capital firm and one of the pioneers in the rapidly growing agriculture technology (Agtech) sector, announced the first closing of its new $150M Agtech Fund, Finistere II.  The Fund focuses on new technology solutions in food productivity, sustainability, and nutrition to address the ever-decreasing agricultural land resources, climate change, and changing population demographics.  Finistere is collaborating with Bayer CropScience, AVAC Ltd., and other partners to identify and invest in world-class technologies across early-to-growth stage companies in the Agtech space. Read More

Finistere Ventures Announces First Closing of New $150 Million Agtech Fund in Collaboration with Bayer CropScience and AVAC Ltd.

By | Press Release | No Comments

Finistere Logo

February 25, San Diego – Finistere Ventures, a California-based innovation capital firm and one of the pioneers in the rapidly growing agriculture technology (Agtech) sector, announced the first closing of its new $150M Agtech Fund, Finistere II.  The Fund focuses on new technology solutions in food productivity, sustainability, and nutrition to address the ever-decreasing agricultural land resources, climate change, and changing population demographics.  Finistere is collaborating with Bayer CropScience, AVAC Ltd., and other partners to identify and invest in world-class technologies across early-to-growth stage companies in the Agtech space.

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AVAC President & CEO presents keynote at Winnipeg Agri Innovation Forum 2014

By | AVAC Ltd., Press Release | No Comments

Yesterday, November 19, 2014, Michael Raymont, AVAC President & CEO, presented the luncheon keynote about the need for Ag Tech and its impace on global food at the 2014 Agri Innovation Forum in Winnipeg, MB.

His presentation identified the global challenges to food production and the way in which agriculture and food technologies can help solve these impending issues. A number of these technologies such as vertical farming, plant yield technologies, sensors and big data management software, and synthetic biology are emerging commercially, promising to deliver many types of fresh, healthy foods close to their point of purchase and/or consumption.

Raymont provided the following reasons for investing in Ag Tech:

  • Huge government agriculture research spending
  • Changing consumer demands in diet, quality and traceability
  • Reduced time and cost to bring new agriculture products to market
  • Uncrowded field; growing deal flow, reasonable valuations

”Agriculture is big business. Small changes in yield and efficiency result in significant profits within the sector; it is where Ag Tech can be the catalyst to make a change achievable. Global food and life science corporations are beginning to realize the potential that lies in Ag Tech and are starting to move on strategic mergers and acquisitions, making it a prudent time for investors in the space,” said Dr. Raymont.

The only event of its kind in Canada, The Agri Innovation Forum is dedicated to showcasing the highest potential emerging, growth, and established agri-businesses. The annual conference promotes constructive deal flow between agri-entrepreneurs, corporate strategic players, and investors from across North America.

Michael Raymont has extensive experience in the investment and technology commercialization space. He has worked all over the world helping companies manage their venture investments, and has delivered over 200 publications and presentations primarily focused on innovation, technology commercialization, and economic development.

The complete Agri Innovation Forum keynote presentation can be found on the AVAC website.

For more information about AVAC please visit www.avacltd.com.

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Email: media@verdexcapital.com