Avrio Capital


  • Avrio earns nearly 5x its money with Farmers Edge recap, backs FarmLead

    March 24, 2017

    By Kirk Falconer - The PE Hub Network

    Avrio Capital is seeing a lucrative payout on money invested in Farmers Edge following the precision agriculture company’s refinancing earlier this year.

    Farmers Edge, provider of a digital platform to help farmers boost crop production, in December announced an investment by Fairfax Financial, the holding company of Canadian billionaire Prem Watsa.

    Terms weren’t disclosed for the deal, which wrapped up a few weeks ago. It may well have been Farmers Edge’s largest financing to date. That’s because in addition to recapitalizing the Winnipeg company, Fairfax injected fresh cash.

    As part of the deal, Fairfax bought out stakes held by venture capital firms, which played a key role in the some $74 million Farmers Edge raised in prior rounds.

    Among them was Silicon Valley heavyweight ... Continue Reading

  • How FarmLead’s Funding Helps You, The Farmer

    March 20, 2017

    Farming is a very patient occupation. The hours spent alone out in a field. The fortitude required to deal with malfunctioning equipment – seemingly for no reason (something that’s been compounded by technology these days). The patience required to watch a crop grow, and the patience to pray that Mother Nature stays amicable throughout that season.

    You can’t forget the patience and endurance needed to deal with the grain markets.

    In an increasingly globalized world, events and issues that affect specific markets are observed, speculated upon, and ignored faster than ever before. My grandfather, were he alive, would be wondering how to make a grain sale with so much changing so quickly.

    Patience is a trait I was taught to respect growing up. Over time, I’ve learned to patiently let things run their course. That being said, once you’ve figured out how to d... Continue Reading

  • CVCA News – Harvesting Results

    December 7, 2016

    Agribusiness VC Investment Surges in 2016

    Canadian investment in the agribusiness sector has been on the upswing since 2013. According to Agriculture and Agri-Food Canada, the sector generated $108.1B in revenue in 2014 and contributed 6.6% of Canada’s GDP. VC activity has grown from $14M to $27M in 2014, to $42M in 2015, and now to $153M in the first three quarters of 2016.

    CVCA wanted to dig below the surface to get a deeper understanding of the conditions fueling this complex, integrated marketplace, and examine the recent surge in agribusiness investment.

    To do that, we spoke with Aki Georgacacos, co-founder and managing partner of Avrio Capital, a global leader in ag-tech and long-time CVCA member. Aki and his partners have invested exclusively in agribusiness since 2002, with a fund that’s currently valued at $110M. They’re familiar with the landscape, activities, opportunities and risks. In fact, ea... Continue Reading

  • Avrio Wins Deal of the Year for the Third Time

    May 25, 2016

    CVCA recognizes firm's investment in Manitoba Harvest Hemp Foods

    The Canadian Venture Capital & Private Equity Association (CVCA) announced winners of its annual Deal of the Year Awards during its 2016 Annual Conference in Toronto today. Avrio Capital is pleased to announce its win for Venture Capital Deal of the Year. (more…)

    ... Continue Reading

  • Avrio Capital Announces Completion of Three Investments

    May 19, 2016

    Intelia Technologies Inc., Alasko Foods Inc., and CheeCha Puffs joins firm's late stage venture fund

    Avrio Capital Inc. (“Avrio”) is pleased to announce that it has deployed C$15M of capital from its third institutional late stage venture fund, Avrio Ventures Limited Partnership III (the “Fund”). Avrio’s new portfolio investees include Intelia Technologies Inc. and Alasko Inc., both based in Montreal, QC and Cadcan Marketing & Sales Inc. (operating as CheeCha Puffs), based in Calgary, AB. Also based in Calgary, Alberta, the Avrio team is one of Canada’s longest standing venture franchises having accumulated 15 years of investment experience while placing in excess of C$225M across over fifty portfolio companies in agriculture and food technology.

    “We are very pleased to be partnering with Intelia Technologies Inc., to develop the market for data analytics services to optimize production management across multiple animal husbandry ap... Continue Reading

  • Avrio Capital Announces Final Closing of Third Fund

    February 8, 2016

    Avrio Capital Announces Final Closing of its Largest Late Stage Venture Fund

    CALGARY and TORONTO, Feb. 8, 2016 /CNW/ – Avrio Capital Inc. (“Avrio”) is pleased to announce the second closing of its third institutional late stage venture fund, Avrio Ventures Limited Partnership III (the “Fund”) and the establishment of Avrio Ventures Parallel Limited Partnership III (collectively with the Fund, “Fund III”). With total commitments approaching $110M, the closing establishes Fund III as the largest in Avrio’s history and follows the first closing which occurred in August of 2014 with the Fund’s cornerstone investors, Farm Credit Canada and Export Development Canada. Based in Calgary, Alberta, the Avrio team is one of Canada’s longest standing venture franchises having accumulated 15 years of investment experience while placing in excess of C$200M across fifty portfolio companies in agriculture and food tec... Continue Reading

  • Capturing the Data Edge

    January 14, 2016

    By ANDREW NORRIS Jan. 14, 2016, 5 a.m. News

    Wade Barnes is the chief executive officer of FarmersEdge, a Canadian ag tech company which has partnered with Delta Ag to provide data interpretation and prescriptive farming services to NSW farmers.

    Making use of all the data farmers collect is fast becoming the focus of ag service providers.

    This growth area has attracted plenty of start-ups providing useful technology or support services along the production chain.

    However, retailer and ag services provider Delta Ag has partnered with the fast growing FarmersEdge from Canada to bundle together agronomy, retail and precision ag into one package.

    FarmersEdge, which specializes in the interpretation of the data to generate efficiencies on farm, is one of these start-ups. It kicked off in Wade Barnes’ basement in Winnipeg, Canada, with colleague Curtis Ma... Continue Reading

  • Agri Investor: Livestock Tech Could Boost Returns

    June 10, 2015

    Avrio's Aki Georgacacos weighs in on opportunities for early stage investors

    Advances in data and animal health technology present vertical integration opportunities for early stage investors, an executive for Avrio Capital recently told Agri Investor.

    Improvements in probiotic and enzymatic approaches to animal health promise to reduce producer reliance on preventative antibiotics. But technologies that monitor livestock health and automate production from feeding to temperature control can potentially enhance returns from such plays, said Avrio senior managing director, Aki Georgacacos.

    “I think the companies that are going to be successful are the ones that can integrate the mechanical aspects, the information aspects, the data capture and the animal health aspect into one package,” said Georgacacos. “The idea is to be able to understand in real time what’s happening to these animals so that we can eliminate a lot of the harmful approa... Continue Reading

  • First Closing of Fourth Fund

    September 9, 2014

    Avrio Capital Announces Closing of Fourth Institutional Late Stage Venture Fund

    CALGARY, Sept. 9, 2014 /CNW/ – Avrio Capital Inc. (“Avrio”) is pleased to announce the first closing of its fourth institutional late stage venture fund, Avrio Ventures Limited Partnership III (the “Fund”). With initial commitments of $65MM, from incumbent limited partners, Farm Credit Canada (FCC) and Export Development Canada (EDC), the Fund will continue to focus on the agriculture and food sectors, investing in innovative companies that offer solutions to global challenges in the areas of health, wellness and sustainability. This first closing has provided incumbent Limited Partners with the opportunity to continue working with the Avrio team as they expand their leadership position as agriculture and food sector investors. Avrio Ventures Limited Partnership III remains open to new investors and expects to have a subsequent closing some time over the ... Continue Reading

  • Avrio Invests in Axter Agroscience

    June 10, 2014

    Axter Agroscience Announces Management Buyout to Strengthen Future Growth

    Mont St-Hilaire (Quebec), June 10, 2014 – Axter Agroscience Inc. makers of the original CropBooster® and RR SoyBooster® foliar biostimulants, today announced it has undergone a successful management buyout (MBO) let by CEO Pierre Migner, and backed by Avrio Ventures Limited Partnership II.

    The buyout was initiated by Axter’s senior management team let by CEO Pierre Migner and Avrio Ventures Limited Partnership II, a Canadian Investment Fund specializing in Agriculture and Food. The transaction will enable Axter to enhance its position as a market leader and build on the strong customer base it has nurtured since 1981, while providing a robust platform upon which to continue to grow its business.

    Headquartered in Mont St-Hilaire, Quebec, Axter has been developing and marketing innovative foliar applied biostimulants and nutrient solutions since 1981. Axter&#... Continue Reading

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