Grosvenor Food & AgTech

Wheatsheaf Group operates in the food and agriculture sectors, focusing on developing and investing in businesses that address the challenges posed by changing global food consumption patterns and increasing population demands. With the world's population projected to reach nearly 10 billion by 2050, global agricultural production must rise by approximately 70% to meet this demand. Wheatsheaf Group recognizes the need for a holistic approach to enhance yields, improve soil and nutrient efficiency, and minimize waste throughout the food production cycle. Employing over 2,500 people across 34 countries, the group leverages innovative technologies to provide sustainable, efficient solutions for producing healthy and nutritious food. Their objectives include delivering lasting commercial and social benefits through rigorous financial discipline and a commitment to making a positive impact on society, particularly in addressing the critical challenge of food provision in a way that promotes health and well-being while respecting natural resources.

Sylvio Petto Neto

Managing Director - Portfolio North America

Past deals in Fruits and Vegetables

The Jackfruit Company

Series B in 2024
The Jackfruit Company produces jackfruit-based snacks and frozen meals and offers natural spice blends. Its product range includes smoked pulled jackfruit and a variety of jackfruit bowls and dishes across different flavors. The company focuses on natural ingredients and aims to positively impact farmers’ livelihoods, health, and wellbeing. It builds international supply chains for underutilized fruits such as jackfruit and other fruits, enabling convenient access to natural, healthy options. The company was founded in 2011 and is headquartered in Cambridge, Massachusetts.

Meati Foods

Series C in 2024
Meati Foods produces and sells fungi-based meat alternatives. Founded in 2016, the company uses proprietary clean technologies to create nutrient-dense, plant-based products that are free from common allergens.

Meati Foods

Series C in 2022
Meati Foods produces and sells fungi-based meat alternatives. Founded in 2016, the company uses proprietary clean technologies to create nutrient-dense, plant-based products that are free from common allergens.

The Jackfruit Company

Series B in 2021
The Jackfruit Company produces jackfruit-based snacks and frozen meals and offers natural spice blends. Its product range includes smoked pulled jackfruit and a variety of jackfruit bowls and dishes across different flavors. The company focuses on natural ingredients and aims to positively impact farmers’ livelihoods, health, and wellbeing. It builds international supply chains for underutilized fruits such as jackfruit and other fruits, enabling convenient access to natural, healthy options. The company was founded in 2011 and is headquartered in Cambridge, Massachusetts.

Purfresh

Series A in 2021
Purfresh develops controlled atmosphere systems and ozone-based protection for cargo in refrigerated ocean containers, providing real-time data tracking, monitoring software, and tools for visibility and control throughout transport. Its technology helps extend shelf life and preserve quality for fruits and vegetables and other perishables by maintaining controlled atmospheres and reducing spoilage during international shipments. The company serves growers, ocean carriers, packers, shippers, importers, and exporters. Founded in 1996 and based in Hayward, California, Purfresh operates as a subsidiary of TriStrata Group. The company emphasizes preservation and sanitation through its atmospheric technologies, supporting logistics operations and product quality across the supply chain.

Farmdrop

Series C in 2020
Farmdrop is a UK-based online retailer specialising in the delivery of locally sourced, organic groceries and ethical home essentials. Founded in 2012, the company operates a web store where customers can order a range of products, including fruits and vegetables, meat, fish, dairy, bakery items, and drinks. Farmdrop sources these products directly from a network of farmers, growers, fishers, and food makers, eliminating middlemen and ensuring fresher, more sustainable produce. This direct-to-consumer model also allows Farmdrop to pay producers a fairer price, supporting a more sustainable food system.

Farmdrop

Debt Financing in 2015
Farmdrop is a UK-based online retailer specialising in the delivery of locally sourced, organic groceries and ethical home essentials. Founded in 2012, the company operates a web store where customers can order a range of products, including fruits and vegetables, meat, fish, dairy, bakery items, and drinks. Farmdrop sources these products directly from a network of farmers, growers, fishers, and food makers, eliminating middlemen and ensuring fresher, more sustainable produce. This direct-to-consumer model also allows Farmdrop to pay producers a fairer price, supporting a more sustainable food system.
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