Cargill

Cargill, established in 1865, is a privately held company based in the United States that operates internationally, producing and marketing a diverse range of food, agricultural, financial, and industrial products and services. Employing approximately 142,000 people across 67 countries, Cargill focuses on collaborating with customers to address various economic, environmental, and social challenges. The company leverages its scientific expertise and extensive research and development capabilities to enhance existing products, improve process efficiencies, and support innovative solutions. With a global team of over 1,300 specialists in research, development, applications, and technical services, Cargill offers a comprehensive spectrum of services, including technical support, intellectual asset management, and regulatory affairs, to generate distinctive value for its clients.

David Maclennan

Chairman and Chief Executive Officer

Joe Ramaker

Vice President, Finance

37 past transactions

InnovaFeed

Series D in 2022
InnovaFeed SAS is a biotech company based in Evry, France, that specializes in producing insect-based meal and oil primarily for the aquaculture industry. Founded in 2015, the company rears Hermetia illucens, commonly known as black soldier flies, to create innovative products such as ProtiNova, a protein source; SaniNova, a natural oil; and FertiNova, nutrient-rich insect droppings. InnovaFeed's approach integrates insect rearing into the agri-food system, focusing on nutrient recycling to provide sustainable feed for fish, birds, and small mammals. As global demand for protein rises, InnovaFeed's operations aim to contribute to a more sustainable food system while supporting the development of high-quality aquaculture practices.

ZeroNorth

Series B in 2022
ZeroNorth makes shipping industry more sustainable through digitalization.

FluroSat

Series B in 2022
FluroSat Pty Ltd is an ag tech company based in Eveleigh, Australia, specializing in predictive crop health monitoring through advanced software solutions. Founded in 2016, FluroSat develops a decision support platform that utilizes multispectral and hyperspectral imagery collected from drones and satellites to assess crop health and identify specific stressors affecting yield. Their primary offerings include FluroSat, designed for cotton and grain growers, and ProductionWise, which enhances farm efficiency for commodity crops through features like paddock management, yield predictions, satellite monitoring, and localized weather forecasts. The company also provides consulting services that guide farmers on optimal application rates of fertilizers, fungicides, and irrigation, leading to potential savings on input costs and improved yields. FluroSat currently focuses on the Australian broadacre farming sector and aims to expand its reach internationally.

Multiexport Foods

Private Equity Round in 2022
Multiexport Foods S.A. provides seafood products in Chile and internationally. It offers Atlantic salmons, mussels, and salmon trout, as well as smoked products. The company was formerly known as Aquafarms SA and changed its name to Multiexport Foods S.A. in May 2007. Multiexport Foods S.A. was founded in 1983 and is based in Puerto Montt, Chile. Multiexport Foods S.A. is a subsidiary of Multiexport Dos S.A.

Grão Direto

Venture Round in 2022
Grão Direto LTDA operates a digital trading platform designed for the buying and selling of grains, facilitating interactions between farmers and grain buyers. Founded in 2016 and based in Uberaba, Brazil, the platform enhances market intelligence analysis, enabling users to make informed decisions regarding market rates and grain selection. It supports various trading types, including spot, future, and barter trades, while also streamlining associated processes such as logistics, contract management, and financial products. Grão Direto connects a diverse range of participants in the agricultural sector, including cooperatives, brokers, feed factories, and traders, promoting efficiency and agility in the grain trading process through modern technology.

Wildtype

Series B in 2022
Wild Type, Inc. is a San Francisco-based company that produces meat, poultry, and seafood through cellular agriculture, eliminating the need for raising or slaughtering animals. Founded in 2016, Wild Type offers a sustainable alternative to traditional food sources, addressing critical issues such as climate change, food security, and public health. By leveraging advanced cellular agriculture technologies, the company aims to redefine how society sources healthy and delicious meat, contributing to a more sustainable food ecosystem.

Local Bounti

Post in 2021
Local Bounti is an agriculture company delivering herbs, vegetables, and other produce to service wholesale restaurant and grocer accounts. The perfect environmental greenhouse conditions ensure the highest possible nutritional value and taste, and we are non-GMO and pesticide/herbicide-free. Their sustainable, root-on, living products result in less environmental impacts, carbon footprint, and less waste. Local Bounti was founded in 2018 and is based in Hamilton, MT, USA.

Yuan Yao Nong Ye

Venture Round in 2021
Yuan Yao Nong Ye is a group of companies that mainly focuses on feeding raw materials in the agriculture and animal husbandry sector. It also has businesses in big data trade, biological fermentation, and industrial internet sectors.

Local Bounti

Debt Financing in 2021
Local Bounti is an agriculture company delivering herbs, vegetables, and other produce to service wholesale restaurant and grocer accounts. The perfect environmental greenhouse conditions ensure the highest possible nutritional value and taste, and we are non-GMO and pesticide/herbicide-free. Their sustainable, root-on, living products result in less environmental impacts, carbon footprint, and less waste. Local Bounti was founded in 2018 and is based in Hamilton, MT, USA.

FluroSat

Series A in 2021
FluroSat Pty Ltd is an ag tech company based in Eveleigh, Australia, specializing in predictive crop health monitoring through advanced software solutions. Founded in 2016, FluroSat develops a decision support platform that utilizes multispectral and hyperspectral imagery collected from drones and satellites to assess crop health and identify specific stressors affecting yield. Their primary offerings include FluroSat, designed for cotton and grain growers, and ProductionWise, which enhances farm efficiency for commodity crops through features like paddock management, yield predictions, satellite monitoring, and localized weather forecasts. The company also provides consulting services that guide farmers on optimal application rates of fertilizers, fungicides, and irrigation, leading to potential savings on input costs and improved yields. FluroSat currently focuses on the Australian broadacre farming sector and aims to expand its reach internationally.

Aleph Farms

Series B in 2021
Aleph Farms Limited, based in Ashdod, Israel, specializes in the production of clean meat through innovative cellular agriculture techniques. The company focuses on growing real beef steaks and other meat products directly from the cells of living cows, utilizing proprietary three-dimensional bioprinting technologies. This approach allows Aleph Farms to create lab-cultured meat products, including ground meat and beef burger patties, without the need for animal slaughter. As a leader in the sustainable food ecosystem, Aleph Farms aims to reshape the global meat market, which is valued at over $1 trillion. Co-founded with The Kitchen Hub and the Technion Institute of Technology, Aleph Farms has garnered significant investment to support its mission to provide clean and healthy alternatives to traditional meat products.

AnimalBiome

Venture Round in 2021
AnimalBiome helps to restore gut health to the millions of dogs and cats in the US living with chronic digestive disorders by offering microbiome-based supplements and non-invasive diagnostics.

AMSilk

Series C in 2021
AMSilk GmbH, based in Munich, Germany, specializes in producing spider silk proteins and biomaterials for various industrial applications. The company offers a range of products, including BioShield-S1, a non-immunogenic spider silk film used for protective coatings in medical devices, as well as biosteel spider silk fibers. AMSilk also develops over-the-counter wound care products like SanaSilk, designed to protect the skin, and provides spider silk-based solutions for surgical applications. Additionally, the company produces spider silk protein beads and coatings for medical technology, alongside nonwovens for filters, wound dressings, and specialty textiles. Its offerings include both raw materials and semi-finished products such as membranes and films. AMSilk serves multiple sectors, including pharmaceuticals, cosmetics, and technical textiles, and has established a strategic partnership with Gruschwitz Textilwerke AG. The company was founded in 2008.

Bushel

Series C in 2021
Bushel Inc. is a technology company based in Fargo, North Dakota, that specializes in developing software solutions for the agricultural sector, particularly for grain companies and growers. Founded in 2011, Bushel provides an automated mobile app platform designed for grain elevators and cooperatives, enabling them to connect with growers and deliver real-time information. The platform integrates with grain elevator accounting systems, allowing growers to access vital data such as contracts, scale tickets, cash bids, and market information directly on their mobile devices. This streamlined communication empowers growers to make informed decisions quickly, enhances their ability to track grain deliveries, and simplifies the management of contracts. By eliminating the reliance on paper slips and ensuring real-time updates, Bushel facilitates a more efficient and transparent business relationship between growers and grain facilities.

Evolve Biosystems

Series D in 2021
Evolve Biosystems is a biotechnology company that specializes in providing microbiome-based products designed to develop, restore, and maintain. The company's platform focuses on solving the gut dysbiosis throughout the human life cycle as well as in various animal species, enabling physicians to maintain the healthy gut microbiome in newborn infants with a consumer-directed home use product, and a hospital-based neonatal ICU product. It was founded in 2011 and headquartered in Davis, California.

Glucovil

Acquisition in 2020
Glucovil Argentina S.A produces syrup, starch, edible oil, and animal feed. The company was founded in 1983 and is based in Buenos Aires, Argentina. As of May 29, 2018, Glucovil Argentina S.A operates as a subsidiary of Cargill, Incorporated.

Puris

Venture Round in 2019
Puris Proteins, LLC is a family-owned company dedicated to producing plant-based, non-GMO food ingredients for the food industry. Founded in 1985 in Oskaloosa, Iowa, and now headquartered in Minneapolis, Minnesota, Puris operates additional facilities in Randolph, Minnesota; Turtle Lake, Wisconsin; and Wilmington, Illinois. The company specializes in cultivating sustainable alternatives to GMOs and animal proteins, offering a range of vegan, gluten-free, dairy-free, and allergen-free products. Puris is the exclusive producer of PURIS pea protein, along with other ingredients derived from soy, pulses, lentils, and corn. Its offerings include protein powders, energy bars, and meat substitutes, all designed to combine flavor and texture with high protein content, serving as nutritious substitutes for traditional food items. Through a network of domestic growers and partners, Puris emphasizes a commitment to non-GMO natural breeding, ensuring quality and sustainability in its product line.

Aleph Farms

Series A in 2019
Aleph Farms Limited, based in Ashdod, Israel, specializes in the production of clean meat through innovative cellular agriculture techniques. The company focuses on growing real beef steaks and other meat products directly from the cells of living cows, utilizing proprietary three-dimensional bioprinting technologies. This approach allows Aleph Farms to create lab-cultured meat products, including ground meat and beef burger patties, without the need for animal slaughter. As a leader in the sustainable food ecosystem, Aleph Farms aims to reshape the global meat market, which is valued at over $1 trillion. Co-founded with The Kitchen Hub and the Technion Institute of Technology, Aleph Farms has garnered significant investment to support its mission to provide clean and healthy alternatives to traditional meat products.

Konspol Sp. z o.o.

Acquisition in 2018
Konspol Holding Sp. z o.o. produces and processes chicken and chicken products in Poland. The company provides include fresh chicken meat, sausages, pates, ready meals, grill products, and light and gluten free sausages. The company was founded in 1982 and is based in Nowy Sacz, Poland. As of January 4, 2019, Konspol Holding Sp. z o.o. operates as a subsidiary of Cargill PLC.

Puris

Series D in 2018
Puris Proteins, LLC is a family-owned company dedicated to producing plant-based, non-GMO food ingredients for the food industry. Founded in 1985 in Oskaloosa, Iowa, and now headquartered in Minneapolis, Minnesota, Puris operates additional facilities in Randolph, Minnesota; Turtle Lake, Wisconsin; and Wilmington, Illinois. The company specializes in cultivating sustainable alternatives to GMOs and animal proteins, offering a range of vegan, gluten-free, dairy-free, and allergen-free products. Puris is the exclusive producer of PURIS pea protein, along with other ingredients derived from soy, pulses, lentils, and corn. Its offerings include protein powders, energy bars, and meat substitutes, all designed to combine flavor and texture with high protein content, serving as nutritious substitutes for traditional food items. Through a network of domestic growers and partners, Puris emphasizes a commitment to non-GMO natural breeding, ensuring quality and sustainability in its product line.

Cainthus

Venture Round in 2018
Cainthus Ireland Limited develops machine vision software that turns visual information into actionable data. The company uses imaging equipment to monitor livestock operations while artificial intelligence and custom algorithms detect behavior in individual animals to monitor health and alert users when an action is required. It is compatible with existing technology, such as unmanned aerial vehicle (UAV), satellite, closed-circuit television (CCTV), and smart devices. The company was founded in 2015 and is based in Booterstown, Ireland with additional offices in Ottawa, Canada; and San Francisco, California.

Puris

Venture Round in 2018
Puris Proteins, LLC is a family-owned company dedicated to producing plant-based, non-GMO food ingredients for the food industry. Founded in 1985 in Oskaloosa, Iowa, and now headquartered in Minneapolis, Minnesota, Puris operates additional facilities in Randolph, Minnesota; Turtle Lake, Wisconsin; and Wilmington, Illinois. The company specializes in cultivating sustainable alternatives to GMOs and animal proteins, offering a range of vegan, gluten-free, dairy-free, and allergen-free products. Puris is the exclusive producer of PURIS pea protein, along with other ingredients derived from soy, pulses, lentils, and corn. Its offerings include protein powders, energy bars, and meat substitutes, all designed to combine flavor and texture with high protein content, serving as nutritious substitutes for traditional food items. Through a network of domestic growers and partners, Puris emphasizes a commitment to non-GMO natural breeding, ensuring quality and sustainability in its product line.

Pro-Pet llc

Acquisition in 2018
Pro-Pet, LLC manufactures pet food. It distributes its products worldwide. Pro-Pet, LLC was founded in 1996 and is based in Saint Marys, Ohio with additional offices in Kansas and Minnesota. As of February 20, 2018, Pro-Pet, LLC operates as a subsidiary of Cargill Animal Nutrition.

Diamond V

Acquisition in 2017
Diamond V is a global, research-focused, technology-driven company that develops and manufactures natural products to improve nutrition, health, and performance in food animal and companion animal species. Based in Cedar Rapids, Iowa, U.S.A., Diamond V applies unique competencies in world-class research, species expertise and proprietary microbial fermentation technologies to create profitable solutions for customers around the world.

Descartes Labs

Series B in 2017
Descartes Labs, Inc. specializes in deep learning and image analysis, utilizing advanced machine learning algorithms to categorize and interpret visual data from various sources, including satellites, drones, and cameras. Founded in December 2014 as a spin-out from Los Alamos National Laboratory, the company initially focused on agricultural models to predict crop yields using satellite imagery and weather data. Recognizing the broader applications of its technology, Descartes Labs developed a cloud-based geospatial analytics platform that enables organizations to analyze vast datasets for insights into natural resources and supply chains. The platform processes data from major satellite constellations, providing rapid access to analysis-ready images and supporting intelligent learning models. By normalizing and presenting science-ready data, Descartes Labs accelerates the application of machine intelligence for diverse users, including businesses and governments, enhancing decision-making and operational efficiency. The company is headquartered in Santa Fe, New Mexico, with additional offices in San Francisco, Los Alamos, and New York City.

Southern States Cooperative - Animal Feed Business

Acquisition in 2017
Southern States Cooperative - Animal Feed Business

Delacon Biotechnik

Corporate Round in 2017
Delacon Biotechnik produces plant-based phytogenic feed additives.

Calysta

Series D in 2017
Calysta, Inc. is a biotechnology company focused on developing and manufacturing protein ingredients derived from innovative sources. It provides nutritional feeds and health products for fish and livestock, as well as chemicals for various applications, including fibers, plastics, and building materials. The company also produces biofuels utilizing methane as a sustainable feedstock. Established in 2011 and headquartered in Menlo Park, California, Calysta has expanded its presence with additional locations in Houston, London, Stavanger, and Singapore. It has formed a strategic partnership with Bluestar Adisseo Company to enhance its product offerings. Originally known as Calysta Energy, the company rebranded in May 2014, reflecting its broader focus beyond energy solutions.

Five Star Custom Foods

Acquisition in 2016
Five Star Custom Foods, Ltd. is a Texas-based company that specializes in producing cooked protein products, soups, and sauces for customers in the United States, including restaurants and food processors. Founded in 1999 and headquartered in Fort Worth, the company manufactures a variety of offerings, including IQF meat crumbles such as pizza toppings, Italian sausage, and chorizo, as well as oven-cooked diced meats like diced beef and ham. Additionally, Five Star Custom Foods produces kettle-cooked items, including chili, taco meat, and enchilada sauces. The company also processes core ingredients for food service and manufacturing applications. It operates a production facility in Nashville, Tennessee, and functions as a subsidiary of Cargill, Incorporated.

NatureWax

Acquisition in 2016
NatureWax, a market-leading provider of natural, vegetable-based waxes. Formulated to deliver top quality and excellent manufacturing performance, these natural waxes can give you a competitive edge in developing exciting new candles that respond to the buying concerns of today’s consumers. NatureWax is based in Woodridge, Ill.

Calysta

Series C in 2016
Calysta, Inc. is a biotechnology company focused on developing and manufacturing protein ingredients derived from innovative sources. It provides nutritional feeds and health products for fish and livestock, as well as chemicals for various applications, including fibers, plastics, and building materials. The company also produces biofuels utilizing methane as a sustainable feedstock. Established in 2011 and headquartered in Menlo Park, California, Calysta has expanded its presence with additional locations in Houston, London, Stavanger, and Singapore. It has formed a strategic partnership with Bluestar Adisseo Company to enhance its product offerings. Originally known as Calysta Energy, the company rebranded in May 2014, reflecting its broader focus beyond energy solutions.

Format International

Acquisition in 2015
Format International Ltd. develops and markets software solutions for feed management, optimization, formulation, and ingredient allocation in animal feed, aqua feed, pet food, human food, premix and similar industries. The company was founded in 1980 and is based in Woking, United Kingdom. As of December 14, 2015, Format International Ltd. operates as a subsidiary of Feed Management Systems, Inc.

Ewos

Acquisition in 2015
EWOS Group AS supplies feed and nutrition for the international aquaculture industry. It offers fish feed primarily for salmon and trout. EWOS Group AS was formerly known as Albain Midco Norway AS and changed its name to EWOS Group AS in November 2014. The company was founded in 2013 and is based in Bergen, Norway with operations in Canada, Chile, Norway, Scotland, and Vietnam. As of October 8, 2015, EWOS Group AS operates as a subsidiary of Cargill, Incorporated.

OPX Biotechnologies

Acquisition in 2015
OPX Biotechnologies, Inc. is a Colorado-based bioproducts company using proprietary bioengineering technology to convert renewable feedstocks into biofuels and green chemistry products. The OPX EDGE - Efficiency Directed Genome Engineering - technology platform rapid, rational, and robust optimization of microbes and bioprocesses to achieve equivalent product performance with improved sustainability at lower cost versus petroleum based alternatives.

ePropose

Series B in 2000
ePropose provides an advanced solution for building and operating B2B eMarkets that work the way eBusiness should work. ePropose markets enable unprecedented freedom and flexibility, allowing sellers and buyers to propose, negotiate, shop around, conclude, and fulfill deals--all in a collaborative process that connects multiple people, systems, companies, commerce arenas (auction, catalog, exchange, RFP/RFQ, etc.) and even other eMarkets. The ePropose solution, based on patented Java™ components called "Proposals", frees Global 2000 companies, consortia and net market makers in any industry from the functional constraints of first generation solutions, and from the expense and time of integrating multiple software packages. It delivers the scalability, high performance, and ease of integration that are the backbone of a successful eMarket. And it also delivers the customization, advanced functionality and value-added services that ultimately attract and retain customers, increase liquidity and generate revenue.

LevelSeas

Venture Round in 2000
LevelSeas.com will be the leading global marketplace for buying, selling and managing bulk ocean transportation.Their services will provide the industry with the comprehensive information, the trading platform and the tools to streamline chartering from start to finish. They have the backing of leading participants in the ocean transportation industry, and a seasoned team of professionals. If you'd like to stay up to date on their progress, please click here to register.

GoCargo.com

Series B in 2000
GoCargo.com, an online exchange bringing together buyers and sellers of international container shipments