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Cultivian Sandbox Food & Agriculture Fund II, LP
United States of America
Last updated 12 May 2020, by Impactyield.
Fund geography
Developed countries (203) / More developed regions (202) / Western Europe (43) / Germany (1)
Cultivian Sandbox Food & Agriculture Fund II, LP invests in venture-stage, technology-focused companies in food and agriculture. Fund II has a returns-driven strategy that enhances sustainability in areas of water technology, animal health and protein production, crop production, food safety, and green chemicals targeting 12-15 portfolio companies. The fund intends to raise $150 million, with a final closing date of February 28, 2015. As of November 30, 2014 Fund II had already invested in 8 companies.
Asset class
Fund status
Fund style
Financial description
Fund II's portfolio companies as of December 2014 are comprised of:
1. AbCelex Technologies develops, produces and intends to market antibodies delivered through animal feed for the prevention of foodborne illnesses.
2. Advanced Animal Diagnostics develops, produces and markets on-farm diagnostic test tools for the early detection of subclinical mastitis in dairy cows.
3. Agrivida develops, produces and intends to market highly differentiated products in three areas: animal nutrition, detergent enzymes and biofuel.
4. Conservis develops, produces and markets an enterprise software farm management system.
5. enEvolv develops, produces and markets technology from three world-class research labs. The technology allows rapid genetic improvement of fermentation microbes, condensing into months the work which now takes years.
6. Novihum Technologies develops, produces and intends to market a patented process to produce a novel soil amendment product. The material, made from natural brown coal (lignite) is an environmentally friendly alternative to current materials.
7. Sample6 develops, produces and markets a food safety assay focused on environmental pathogen detection that lets customers monitor, analyze and remediate contaminations. Sample6 is initially targeting listeria, then salmonella beginning in 2015.
8. Vestaron develops, produces and intends to market a technology in which naturally occurring peptides are used to develop insecticides.
11 years
of track record
2013
the year funded
150,000,000 USD
AUM
Interested in this fund?
Log in or create an account to request more information.
Gain a deeper and comprehensive understanding of how this fund generates positive impact in the themes and SDGs that matter to you, with insights provided by our dedicated team of expert analysts, and receive notifications about new available impact products, exciting investment opportunities, and relevant updates in the world of impact investing.
Asset manager
SDG goals
Impact Category
Themes impacted
Access to Basic ServicesAgricultureCommunity DevelopmentDigital AccessEmploymentEnterpreneurship SupportEnterpriseIndependent MediaInformation Communication & ConnectivityInfrastructureInfrastructure DevelopmentLabor & EmploymentResponsible TechnologyResponsible TechnologySustainable Agriculture
Key performance indicators
Fund overview
Asset manager: Cultivian Sandbox Venture Partners
Product track record: Fund has 11 years of track record
Target IRR: 20%
Committed Capital: 113,000,000 USD (US Dollar)
Target return category: Risk-adjusted market-rate of return
Fund domicile: United States of America
Product status: Open - post first close
Style/Stage: Early Stage
Inception year: 2013
Vintage year: 2013
Target region: Developed countries, Germany, More developed regions, Western Europe
Target close date: 01/02/2015
Product term: 10 years plus two one-year extensions with LP approval
Assets under management: 150,000,000 USD (US Dollar)
Investment size: Min: 2,000,000; Max: 15,000,000; Avg: 10,000,000
Co-investment policy: LPs do not have priority, With LPs and non-LPs
Currency of investments: USD (US Dollar)
Currency for fund / product figures: USD (US Dollar)
Fund investments to date: 8
Fund investments to date exited or repaid: 0
Management fee: 2%
Carried interest: 20%
Hurdle rate: 8%%
GIIN Investors' Council Investment: No
Limited Partners / Investors: Strategic investors across the food & agriculture sector as well as financial investors including institutional investors, family offices and high net worth individuals
Limited Partner / Investor Type: Development Finance Institution (DFI), Endowments/Foundations, Family Office, Pension Funds, Other Institutional Investors
Contact
E-mail: contactus@cultiviansbx.com
Website: http://cultiviansbx.com/
Phone number: 2123622424.00
If you wish to have your details removed from this database please email gdpr@impactyield.com
Impact Performance
n.a.
Impact thesis
Cultivian Sandbox employs a returns-driven strategy with imbedded sustainability impacts. The precise sustainability impact is hard to measure. We believe that the sustainability impact of early-stage companies is expected to grow as these companies mature. Data surrounding each company’s circumstance can be used to assess the sustainability impact, even though more precise measurements can be difficult to calculate.
Sustainability impact issues that are addressed with our investment strategy include:
- Climate change (e.g. Proterro)
- Environmental degradation to air, water and soil (e.g. Rivertop)
- Food-borne illness (e.g. AbCelex and Sample6)
- Petrochemical toxicity (e.g. EOSi and Sample6)
- Renewables (e.g. Allylix, Novogy, Proterro and Rivertop)
- Water scarcity and contamination (e.g. AquaSpy and EOSi)
By way of example, EOSi Environmental Operating Solutions, Inc. - creates agriculturally-derived
products to remove the pollutant nitrogen from wastewater. Measuring the EOSi Social Impact – Nitrogen pollution in drinking water can be harmful, even at low levels, inducing abortions, cancer, diabetes and respiratory tract infections. Nitrogen has historically been removed from wastewater using liquid methanol. However, methanol is less than ideal: it’s flammable and derived from nonrenewable natural gas. EOSi’s manufacturing process results in an energy savings of 72,000 BTU for each gallon of methanol not used for denitrification.
Impact Management
n.a.