Avrio Capital Inc. has announced the first closing of its fourth institutional late stage venture fund, Avrio Ventures Limited Partnership III with commitments of $65 million. Farm Credit Canada and Export Development Canada (EDC) are incumbent limited partners. The fund will continue to focus on investments in Canada’s agriculture, food, sustainability, health and wellness sectors and will give the incumbents the opportunity to expand their leadership positions as investors in the agriculture and food sectors. EDC is one of the leading food investors with over 70 fund relationships worldwide with the goal of expanding Canada’s SMEs and technology companies into emerging export markets. Avrio has invested in over 52 companies over the past 12 years and was instrumental in creating FCC Ventures, the first fully dedicated agriculture and food fund in North America. Avrio Ventures Limited Partnership I is currently liquidating its holdings and plans to provide a return of approximately 20%.
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