Cargill invests in leading life sciences venture capital fund, Seventure Partners Health for Life Capital II
Investment aims to transform the company’s global microbiome and life sciences R&D for rapid expansion and innovation
(WAYZATA, MINN) November 19, 2020 – Cargill, the global food, agricultural, financial and industrial products company, announced today a significant investment in Seventure Partners’ Health for Life Capital II fund. The investment marks the company’s latest effort to harness its deep expertise and knowledge in nutrition, digestive and immune health with cutting-edge companies to bring next generation ingredient solutions to its customers.
Seventure Partners is a global leader in venture capital, actively funding innovative companies within the two evolving fields of digital technologies and life sciences. Its Health for Life Capital II fund supports the microbiome revolution in the areas of health and nutrition.
Cargill, who joins a network of other strategic investors in the fund including Danone, Novartis, and Lesaffre, will serve as a limited partner with a member appointed to the fund’s Advisory Investment Committee.
“We’re thrilled to invest with Seventure Partners, given their deep expertise and knowledge of the rapidly evolving microbiome ecosystem,” said Chuck Warta, president of Cargill’s health technologies business. “Together, we will expand the existing suite of health solutions available to consumers and bring more relevant products to market in the functional food arena. Ultimately, our goal is to help humans and animals live more healthy days.”
Decades of research has helped Cargill understand the vital interactions – and interconnectedness – between the microbiome, immunity, gut integrity and a host of indication-specific issues in humans and animals. With the investment in Health for Life Capital II fund, the company can accelerate its product innovation and gain insight into the latest technologies and trends in the digestive and immune health space through Health for Life Capital II team’s evaluation of nearly 1,000 innovative start ups per year.
“Microbiome innovations are now impacting many industries such as food, pharma, healthcare, retail, agriculture and animal feed and health, providing great opportunities for growth. In addition to the classic financial investors, our funds also include strategic corporate investors. I am delighted to start this collaboration with Cargill. Cargill joining our fund will accelerate our mission to transform fascinating science into great products, improving people’s lives,” said Isabelle De Cremoux, CEO and Managing Partner of Seventure.
As part of the agreement, de Cremoux will join four other experts on an internal Cargill advisory board tasked with providing strategic guidance and insight as Cargill continues to grow its health technologies portfolio.
The advisory board already includes Dr. Bruce German, a professor at UC Davis and co-founder of a startup focused on infant nutrition; Dr. Mary Ellen Sanders, a 30-year veteran probiotic industry consultant, who was the founding president of the International Scientific Association of Probiotics and Prebiotics (ISAPP); and Scott Bush, a probiotics commercial leader with more than 30 years of experience.
“Bringing the outside in is critical as we grow in this emerging field,” said Warta. “Our advisory board members bring a critical mix of commercial and scientific expertise to challenge our assumptions and broaden our thinking.”
Cargill’s move into the digestive and immune health space began in 2017 with its acquisition of Diamond V, a leading animal nutrition and health company, and investment in Delacon, a pioneer in phytogenics health solutions. Looking forward, the company sees health ingredients as one of the fastest growing segments in nutrition and is concentrated on growth opportunities for both animal and human application.
Media Contact: Daniel Sullivan | [email protected]
Cargill’s 155,000 employees across 70 countries work relentlessly to achieve our purpose of nourishing the world in a safe, responsible and sustainable way. Every day, we connect farmers with markets, customers with ingredients, and people and animals with the food they need to thrive. We combine 155 years of experience with new technologies and insights to serve as a trusted partner for food, agriculture, financial and industrial customers in more than 125 countries. Side-by-side, we are building a stronger, sustainable future for agriculture. For more information, visit Cargill.com and our News Center.