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

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.

Subscribe to our newsletter to catch every headline.

Sweetgreen has pledged to be carbon neutral in six years by cutting its carbon output in half. Santa Monica and the L.A. Cleantech Incubator launched the nation's first zero-emissions delivery zone, a project meant to encourage companies to embrace EV transportation. Sign up for our newsletter and follow dot.LA on Twitter for more updates.

Today:

  • Sweet Green wants to get greener
  • Santa Monica opens emission-free delivery zone in downtown
Read more Show less

Ceres Group Holdings is becoming corporate America's biggest cannabis dealmaker out of its Century City offices.

The venture and private equity firm this week announced that its special purpose acquisition company, or SPAC, would take Atlanta-based cannabis producer Parallel public in a merger that will value the Canadian-listed company at $1.88 billion.

Parallel has about 42 retail stores outside of California, but has big plans for a big expansion into L.A. sometime in the next year or two.

Read more Show less
RELATEDEDITOR'S PICKS

Trending