LA Venture Podcast: Gil Demeter of Pontifax AgTech on the Next Generation of Robotics and Bioscience

Minnie Ingersoll
Minnie Ingersoll is a partner at TenOneTen and host of the LA Venture podcast. Prior to TenOneTen, Minnie was the COO and co-founder of $100M+ Shift.com, an online marketplace for used cars. Minnie started her career as an early product manager at Google. Minnie studied Computer Science at Stanford and has an MBA from HBS. She recently moved back to L.A. after 20+ years in the Bay Area and is excited to be a part of the growing tech ecosystem of Southern California. In her space time, Minnie surfs baby waves and raises baby people.
LA Venture Podcast: Gil Demeter of Pontifax AgTech on the Next Generation of Robotics and Bioscience
Lindsey Childs

On this week's episode of LA Venture, hear from Gil Demeter, the vice president at Pontifax AgTech. We had a great discussion about next generation robotics and bioscience. Pontifax AgTech has over $465 million in assets under management, and is one of the largest food and agtech funds in the world.


Key Takeaways

  • Pontifax is a growth-stage investor in food and agriculture technology, and invests somewhere in between late-stage venture and early-stage growth.
  • Typically, their investments range from $15 to $25 million in initial capital and typically twice that over the lifetime of the company.
  • Gil notes that farmers are pretty sophisticated when it comes to new tech and utilize multiple pieces of software. Growers don't necessarily have the whole institution backed up to analyze it.
  • Gil says labor and water are the two biggest issues for growers, distributors, and many others in the agricultural ecosystem.
  • When it comes to agriculture,gene editing is huge, as is innovation around natural, usually organic solutions to spur growth in crops without having to put more inputs, chemicals or expensive seed into the process to yield a better result.
  • Food tech has blown up in the last five years and intersects with interest in health tech - including food and diet.

Gil Demeter is vice president at Pontifax AgTech.

Want to hear more of L.A. Venture? Listen on Apple Podcasts, Stitcher, Spotify or wherever you get your podcasts.

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Courtesy of MaC Venture Capital

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