Rio Investment Partners

Rio Investment Partners is a venture capital firm based in Calgary, Canada, founded in 2019. The firm specializes in growth stage investments within the agricultural, food, and beverage sectors, focusing on innovative technologies and capabilities that enhance the Agri-Food value chain. Rio Investment Partners seeks to invest in various areas, including seed, fertilizers, crop protection, livestock health, and sustainable practices, as well as in agronomy and food safety. The firm typically invests between CAD3 million and CAD10 million in companies that demonstrate potential for growth and value creation in these sectors. Operating primarily in North America, Rio Investment Partners is dedicated to identifying and supporting advancements that contribute to a more sustainable and efficient food system.

Jonathan Goodkey

Principal

Jean-Francois Huc

Co-Founder and Managing Director

5 past transactions

Fody

Venture Round in 2019
Fody Food creates a delicious, gut-friendly, low FODMAP foods. They believe that nothing should hinder freedom – especially not food. Through their delicious low FODMAP foods and recipes, they provide people much-needed relief from their IBS symptoms. Fody Food was in 2016 and is based in Montreal, Quebec.

FarmLead

Venture Round in 2017
FarmLead Resources Ltd. is a digital marketplace designed to enhance the buying and selling of grain, connecting farmers with verified buyers across North America. Founded in 2013 and based in Ottawa, Canada, the company operates in key agricultural regions including Alberta, Saskatchewan, Manitoba, and Ontario. Through its online platform and mobile application, FarmLead offers various services such as market research, grain testing, and price visibility, which help reduce brokerage fees and risks for farmers. The marketplace promotes efficiency, transparency, and equality within the grain industry, enabling farmers to negotiate better deals while allowing buyers to conveniently find the grain they need in their preferred locations.

Farmers Edge

Venture Round in 2016
Farmers Edge Inc. is leading the next agricultural revolution with the industry’s broadest portfolio of proprietary technological innovations, spanning hardware, software, and services. Powered by a unique combination of connected field sensors, artificial intelligence, big data analytics, and agronomic expertise, the Company’s digital platform turns data into actions and intelligent insights, delivering value to all stakeholders of the agricultural ecosystem. Farmers Edge disruptive technologies accelerate digital transformation on the farm and beyond, protecting our global resources and ensuring sustainable food production for a rapidly growing population.

SunSelect

Venture Round in 2013
SunSelect Produce, Inc. is a leading producer and marketer of greenhouse-grown vegetables, specializing in bell peppers, including red, orange, and yellow varieties, as well as tomatoes and cucumbers. Established in 1985 and based in Aldergrove, Canada, the company has played a foundational role in the greenhouse industry in Western Canada. SunSelect operates two greenhouse facilities encompassing 70 acres, along with an additional 135 acres of land in British Columbia. The company is known for its commitment to sustainability, employing a carbon-neutral growing process that utilizes a green carbon capture system to convert waste carbon dioxide into fertilizer for its crops. SunSelect's products are distributed through retailers across North America, reflecting its strong reputation and extensive experience in greenhouse management, supported by a team with over a century of collective expertise.

Manitoba Harvest

Venture Round in 2001
Manitoba Harvest, operating as Fresh Hemp Foods Ltd., is a leading manufacturer in the hemp food sector, headquartered in Winnipeg, Canada. Established in 1998, the company produces a diverse range of hemp-based consumer products, including hemp hearts, heart bites, heart bars, protein smoothies, protein powders, and oils. These products are distributed through over 16,000 retail locations across the United States and Canada, as well as through the company’s online store. Manitoba Harvest focuses on providing high-quality hemp food options and has established itself as a significant player in the natural foods industry. As of 2019, it operates as a subsidiary of Tilray, Inc.
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