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Funding boost for AgTech platform

(USA)

An American financial giant is backing a global startup platform that supports the development of agricultural technology companies (AgTech).

Wells Fargo announced this week it is providing $300,000 to the THRIVE accelerator – as part of its ongoing commitments to investing in sustainability.

“Wells Fargo believes the most efficient path to commercialization of promising, cleantech and agtech companies requires active participation from a range of stakeholders,” said Ashley Grosh, environmental philanthropy manager at Wells Fargo. “We have been very impressed with the ecosystem that THRIVE is building, and the caliber of companies and partners involved. As an industry partner, we are proud to help tech entrepreneurs and growers develop innovative solutions that address critical and emerging issues in the U.S. agriculture sector.”

This year’s intake included young companies pioneering tech solutions relating to areas such as food safety, soil health and traceability.

John Hartnett, Founder and CEO of THRIVE, added: “We are thrilled to continue to build on the collaboration already underway with Wells Fargo. Wells Fargo’s renewed commitment demonstrates the effectiveness of the THRIVE platform in driving cutting edge food and agriculture technologies and scaling them to the global enterprise level.”

 

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