Tenacious Ventures $18m Raise - Going Strength to Strength
Sydney-based venture capital firm Tenacious Ventures has defied the odds by raising $18 million for its second fund, focused on agri-food technology startups. This achievement is particularly significant given the challenging fundraising climate for emerging VC firms.
Co-founded by Sarah Nolet, Tenacious Ventures has consistently championed female leadership in the Agtech sector. Nolet's unwavering determination and commitment to driving positive change in agriculture have been instrumental in the firm's success. From personal experience she is a renegade in the Australian Venture captial space and this confirms the confidence the industry and GP's have in her. Sarah Nolet's influence extends beyond financial investments. Her advocacy for diversity and inclusion has fostered a supportive environment for women-led agtech startups. By prioritizing impact alongside commercial viability, Tenacious Ventures has become a catalyst for positive change in the industry.
The firm's second fund has attracted investments from prominent figures like Reserve Bank of Australia board member Carol Schwartz and Tesla chair Robyn Denholm. This strong backing underscores the growing recognition of agtech's potential to address climate challenges and transform the food system.
Tenacious Ventures' unique investment approach focuses on early-stage startups with innovative solutions to improve sustainability and efficiency in agriculture. By investing in companies like RapidAIM, GOTERRA, SwarmFarm Robotics, and Jupiter Ionics, the firm has facilitated groundbreaking advancements in pesticide optimization, autonomous farming, and green ammonia production.
The $18 million raise marks a significant milestone for Tenacious Ventures, enabling them to continue supporting visionary entrepreneurs who are revolutionizing the agri-food landscape. As the firm embarks on its next chapter, Sarah Nolet's leadership and dedication to empowering women in agtech will undoubtedly continue to inspire and drive progress in the field.