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Investments

51

Portfolio Exits

5

Partners & Customers

1

About Syngenta Ventures

Syngenta Ventures is the venture capital arm of Syngenta. The firm invests in early-stage companies that have the potential to help growers around the world farm more productively. The firm's mission is to accelerate the rate of innovation in agriculture to support Syngenta's vision of increasing farm productivity by growing more crops from fewer resources.

Syngenta Ventures Headquarter Location

Schwarzwaldallee 215

Basel, 4058,

Switzerland

+41 61 323 9157

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Expert Collections containing Syngenta Ventures

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Syngenta Ventures in 2 Expert Collections, including Agriculture Technology (Agtech).

A

Agriculture Technology (Agtech)

24 items

Companies that are using technology to make farms more efficient

S

Synthetic Biology

382 items

Latest Syngenta Ventures News

This year’s biggest agrifoodtech IPO will probably involve a company you’ve definitely heard of

Jul 2, 2021

July 2, 2021 When it comes to companies going public, agrifood seems to be reaching its inflexion point. The SPAC craze continues, with everything from indoor farms to gluten-free biltong merging with listed vehicles. Others, like Oatly , Sweetgreen , and Farmers Edge , are opting for the more traditional route; this week, it was reported that plant-based egg and cell-cultured chicken pioneer Eat Just is mulling a float that would value it at $3 billion by early next year. While all of those may mean something for those of us who cozily inhabit the agrifoodtech bubble, folks on the outside can be forgiven for not having heard of many of these companies. But this year’s biggest agrifoodtech IPO looks very likely to involve a company that even the most infrequent or accidental among AFN‘s readers have probably heard of. Syngenta Group is planning to go public on Shanghai’s tech-oriented STAR Market at a valuation of around $60 billion including debt and $50 billion without, sources with “direct knowledge of the matter” have told Reuters . According to the report, Chinese state-owned enterprise (SOE) ChemChina is expecting to raise close to $10 billion for the Swiss agrochemicals and seeds company it acquired in 2017. That would make Basel-based Syngenta the year’s biggest IPO worldwide, outstripping social media video app Kuaishou ‘s $6.2 billion Hong Kong float in February . It would also break records for the two year-old STAR Market, which missed out on fintech giant Ant Group ‘s $34 billion IPO after it was scuppered by Chinese regulators last December. Syngenta could file its IPO prospectus as soon as next week, and may seek a secondary listing in Zurich, New York, London, or Hong Kong, the report said. Around a third of the proceeds from the float will be used to repay debts, with the rest mainly earmarked for investment in R&D and “new businesses.” Chinese takeover Syngenta agreed to a $43 billion takeover by ChemChina — to date, the largest Chinese purchase of a foreign company — in Febraury 2016. The deal completed in May 2017 after being cleared by regulators in the US, EU, and Australia, among others (given the ratcheting-up of geopolitical tension between China and Western powers since then, it isn’t clear if the deal would’ve been able to go through today.) At around the same time, ChemChina entered discussions with fellow Chinese SOE Sinochem — itself a major player in agrochemicals — with a view to a potential merger worth an estimated $120 billion . That mega-combination got the nod from Chinese regulators in April this year. But prior to this seal of approval, the two SOEs agreed in early 2020 to combine their respective agriculture-related businesses; from ChemChina’s side, that included Syngenta as well as Israeli crop protection company  Adama . This resulted in the creation of a rebranded, restructured Syngenta Group last June , which made $23 billion in sales in FY 2019 and employed 48,000 people across more than 100 countries as of that date. Syngenta stock was previously traded on the New York Stock Exchange and Zurich’s Swiss Exchange. Its shares were delisted from both in early 2018. A major agrifoodtech player So it isn’t what we’d typically talk about when we discuss potential or actual agrifoodtech IPOs here at AFN. Normally, we’re wondering which startup will be next to hit the public markets – either through a traditional share sale, or — increasingly — by reverse-merging with a SPAC. But Syngenta surely has a shout at being considered an agrifoodtech player, even if it doesn’t fit the bill of being a Silicon Valley or Singapore-based startup solely focused on alternative proteins, indoor farming robots, or some other ‘novel,’ tomorrow’s-world technology. Syngenta Ventures on ChemChina, business model innovation, and ‘agri-fintech’ – read more here One question that may be on the minds of current and prospective Syngenta investees is how their shareholder’s reclaimed public company status, as well as its Chinese SOE majority ownership, might impact their own businesses and fundraising efforts. Speaking to AFN in 2019, Syngenta CEO Erik Fyrwald said that the company’s takeover by ChemChina “gives us the freedom for increased investment in world-class R&D around seeds and crop protection.” And earlier this year, Syngenta Ventures managing director Shubang Shankar told AFN that the buyout has had a “positive impact” on his team and “reinforces its importance.” “We now have better insight into the Chinese market, which is of interest for many startups as they look to expand into new geographies,” he added. Whatever the case, it’ll certainly be worth keeping an eye on Syngenta’s startup-related activity going forward. Comment? News tip? Story idea? Email me at  jack@agfunder.com  or find me on  LinkedIn  and  Twitter Share on email

Syngenta Ventures Investments

51 Investments

Syngenta Ventures has made 51 investments. Their latest investment was in Agrofy as part of their Series C on December 12, 2021.

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Syngenta Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

12/16/2021

Series C

Agrofy

$30M

No

1

10/4/2021

Series A

Stable

$46.5M

No

2

5/21/2021

Series D

NinjaCart

$9.5M

No

3

3/9/2021

Series A

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$99M

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10

2/11/2021

Series B - III

Subscribe to see more

$99M

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10

Date

12/16/2021

10/4/2021

5/21/2021

3/9/2021

2/11/2021

Round

Series C

Series A

Series D

Series A

Series B - III

Company

Agrofy

Stable

NinjaCart

Subscribe to see more

Subscribe to see more

Amount

$30M

$46.5M

$9.5M

$99M

$99M

New?

No

No

No

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

1

2

3

10

10

Syngenta Ventures Portfolio Exits

5 Portfolio Exits

Syngenta Ventures has 5 portfolio exits. Their latest portfolio exit was Greenlight Biosciences on February 03, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

2/3/2022

Reverse Merger

$99M

3

8/24/2021

Acquired

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10

10/20/2020

IPO

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10

9/6/2017

Acquired

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$99M

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10

8/2/2013

IPO

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$99M

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10

Date

2/3/2022

8/24/2021

10/20/2020

9/6/2017

8/2/2013

Exit

Reverse Merger

Acquired

IPO

Acquired

IPO

Companies

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Valuation

$99M

$99M

$99M

Acquirer

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Sources

3

10

10

10

10

Syngenta Ventures Partners & Customers

1 Partners and customers

Syngenta Ventures has 1 strategic partners and customers. Syngenta Ventures recently partnered with Agrivida on March 3, 2011.

Date

Type

Business Partner

Country

News Snippet

Sources

3/1/2011

Partner

United States

1

Date

3/1/2011

Type

Partner

Business Partner

Country

United States

News Snippet

Sources

1

Syngenta Ventures Team

5 Team Members

Syngenta Ventures has 5 team members, including current Managing Director, Michael Lee.

Name

Work History

Title

Status

Michael Lee

Managing Director

Current

Carol Marino

Managing Director

Current

Shubhang Shankar

Managing Director

Current

Ignacio Martinez

Senda Biosciences, CiBO Technologies, Progenika, SEED Capital, and Najeti Ventures

Managing Director

Former

Colin Steen

Managing Director

Former

Name

Michael Lee

Carol Marino

Shubhang Shankar

Ignacio Martinez

Colin Steen

Work History

Senda Biosciences, CiBO Technologies, Progenika, SEED Capital, and Najeti Ventures

Title

Managing Director

Managing Director

Managing Director

Managing Director

Managing Director

Status

Current

Current

Current

Former

Former

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