Innovation can be created anywhere, and Biodel AG is a prime example of that in our rural town of Maricopa in Pinal County, AZ. Clear proof that cutting-edge tech startups can be created in rural communities as Biodel AG takes the lead in transforming the agriculture industry.
Biodel AG’s cutting-edge technology focuses on farming and sustainable crop management, promising a reduction in water usage, improvement in food production, and continued environmentally friendly practices - promising to reshape traditional farming practices.
Pangaea Ventures, one of AVC’s LP investments, led the Biodel AG series A investment. Pangaea Ventures, located in Phoenix, Arizona, evaluates hundreds of investment opportunities globally. This investment marks their first investment in Arizona, allowing them to further their impact on the agriculture industry.
We want to thank Chris Erickson and Janelle Goulard for their exceptional leadership and stewardship, which made the Biodel AG investment a reality in Arizona.
We are excited to execute our mission of catalyzing new private capital for the state of Arizona with a focus on underrepresented areas like the City of Maricopa.
If you haven't had a chance to read the article by Amy Edelen at Phoenix Business Journal, check it out here:
https://lnkd.in/gD7sTh48
#AVC #VentureCapital #Agriculture #VC #Biodel #venturecapital