March 5, 2021 By Bakers Journal
Cargill, the global food products company, announced a significant investment in Seventure Partners’ Health for Life Capital II fund. The investment marks the company’s latest effort to harness its expertise and knowledge in nutrition, and digestive health with cutting-edge companies to bring next generation ingredient solutions to its customers.
Seventure Partners is a venture capital firm, actively funding innovative companies within the two evolving fields of digital technologies and life sciences. Its Health for Life Capital II fund supports the microbiome revolution in the areas of health and nutrition.
Cargill, who joins a network of other strategic investors in the fund including Danone, Novartis, and Lesaffre, will serve as a limited partner with a member appointed to the fund’s Advisory Investment Committee.
“Microbiome innovations are now impacting many industries such as food, pharma, healthcare, retail, agriculture and animal feed and health, providing great opportunities for growth. In addition to the classic financial investors, our funds also include strategic corporate investors. I am delighted to start this collaboration with Cargill. Cargill joining our fund will accelerate our mission to transform fascinating science into great products, improving people’s lives,” said Isabelle De Cremoux, CEO and Managing Partner of Seventure in a press release.
As part of the agreement, de Cremoux will join four other experts on an internal Cargill advisory board tasked with providing strategic guidance and insight as Cargill continues to grow its health technologies portfolio.
Decades of research has helped Cargill understand the vital interactions – and interconnectedness – between the microbiome, immunity, gut integrity and a host of indication-specific issues in humans and animals. With the investment in Health for Life Capital II fund, the company can accelerate its product innovation and gain insight into the latest technologies and trends in the digestive and immune health space through Health for Life Capital II team’s evaluation of nearly 1,000 innovative start‑ups per year.
The advisory board already includes Dr. Bruce German, a professor at UC Davis and co-founder of a startup focused on infant nutrition; Dr. Mary Ellen Sanders, a 30-year veteran probiotic industry consultant, who was the founding president of the International Scientific Association of Probiotics and Prebiotics (ISAPP); and Scott Bush, a probiotics commercial leader with more than 30 years of experience.
Cargill’s move into the digestive and immune health space began in 2017 with its acquisition of Diamond V, a leading animal nutrition and health company, and investment in Delacon, a pioneer in phytogenics health solutions. Looking forward, the company sees health ingredients as one of the fastest growing segments in nutrition and is concentrated on growth opportunities for both animal and human application.
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