CALGARY, Oct. 9, 2013 /CNW/ - Avrio Capital Inc. is pleased to announce
that it has invested $5M US into VoloAgri Group Inc. ("VoloAgri" or
"the Company"). The investment is part of a larger Series B financing
round co-lead by Avrio that will enable VoloAgri to accelerate its
acquisition and growth strategy in the highly fragmented vegetable seed
VoloAgri is a global agricultural technology company, leveraging on
strong industry knowledge and networks to enable targeted acquisitions
of key seed technology companies creating a global seed platform. The
Company is headed by a proven and world class management team that has
extensive experience in consolidating and building seed companies.
Michael McGee, Partner with Avrio said "We are very pleased to be
partnering with VoloAgri alongside a deep institutional investor
syndicate. We are confident that VoloAgri's management have the
experience, drive and capability to grow the Company into a leading
player in the vegetable seed industry."
Michael McGee added: "VoloAgri's overall philosophy and approach to the
breeding and production of hybrid vegetable seeds and germplasm squares
perfectly with Avrio's investment focus on advanced agriculture,
health, wellness and sustainability".
VoloAgri CEO Anthony Padgett added: "We are excited to be working with
Avrio, as they bring a combination of real agriculture domain
experience alongside their deep network in the Canadian and U.S.
greenhouse sectors, which are both very important to VoloAgri. We very
much look forward to continuing to work with them to further grow our
VoloAgri Group, Inc. invests in the global vegetable seed industry.
Their focus is on world-class plant breeding and plant genetics,
including all major species of vegetables. They apply the latest
hybrid breeding technologies to improve agriculture results and foster
sustainable agriculture practices.
Headquartered in the San Francisco Bay Area, California, VoloAgri brands
now include US Agriseeds, California Hybrids, Catalyst, New World Seeds
For further information, contact email@example.com
About Avrio Capital Inc.
Avrio Ventures is a venture capital firm that supports the development
of Canadian commercialization and growth stage agriculture and food
technology companies into world-class organizations.
SOURCE: Avrio Capital
For further information:
For further information, visit www.avriocapital.com or contact:
Michael McGee, Partner
#235, 600 Crowfoot Crescent NW
Calgary, Alberta T3G 0B4