BluWrap Secures $12.6 Million in Funding

SAN FRANCISCO – November 5, 2014 – BluWrap, the technology company that naturally extends the shelf life of fresh proteins announced today it has secured $12.6M in equity financing, led by Wheatsheaf Investments Ltd., part of the Grosvenor Estate. BluWrap will use the funds to accelerate adoption of its technology, secure new global sources of protein supply, expand into new global geographic markets, further develop its capabilities in other species of seafood and pork, and develop the next generation of its technology. Existing investors, Anterra Capital, Firelake Capital and Rabo Ventures, also participated in the round.

“We’re extremely excited that Wheatsheaf Investments has seen the potential in BluWrap’s technology to challenge the status quo in the fresh protein logistics supply chain and reduce the harmful impact on our environment to feed more of the world’s population,” said Mark Barnekow, Chief Executive Officer of BluWrap. “Wheatsheaf Investments’ goal of investing in and developing businesses that will contribute solutions towards meeting the growing global demand for food, water and energy in the face of a rapidly changing world population, is perfectly in line with BluWrap’s vision of revolutionizing the way fresh proteins are transported around the world.”

“We have been very impressed with the progress that BluWrap has made with its technology and market acceptance,” said Anthony James, Chief Investment Officer at Wheatsheaf Investments. “This investment into BluWrap, will provide the company with the financial resources it needs to become a world-class alternative for shipping fresh proteins around the globe using the most environmentally sustainable methods.”

Compared to the costly alternative of air freight, BluWrap’s technology allows for the reduction of CO2 emissions by over 99 percent without using ice or environmentally harmful polystyrene packaging. BluWrap’s technology maintains an all-natural, controlled atmosphere environment so fish and other perishable proteins arrive by sea freight in the destination market with the same fresh quality as the day they were shipped.

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About BluWrap

Based in San Francisco, California with operations in Talcahuano, Chile, BluWrap provides naturally extended shelf-life technology that has revolutionized fresh protein supply chains worldwide. The company’s technology uses its patented oxygen management techniques to create and maintain an all-natural controlled atmosphere environment that extends the shelf life of perishable proteins. BluWrap’s breakthrough technology allows suppliers of fresh protein products to ship by ocean freight rather than more expensive airfreight, and still deliver a fresh, high quality product to customers. For more information, visit www.bluwrap.com.

About Wheatsheaf Investments and The Grosvenor Estate

The Grosvenor Estate established Wheatsheaf Investments at the beginning of 2012 as a new enterprise created specifically to develop and invest in businesses that will contribute solutions towards meeting the growing global demand for food, water and energy in the face of a rapidly changing world population. In addition to Wheatsheaf Investments Ltd, the Wheatsheaf Group also incorporates a number of existing Grosvenor Estate agribusiness related companies including Cogent, the UK’s largest bull stud and Grosvenor Farms an award winning farm in the North West of England. The Grosvenor Estate represents all of the assets and business interests, including rural estates owned by trusts on behalf of the Grosvenor family headed by the sixth Duke of Westminster. The three key elements are Grosvenor Group, an international property group which has owned or managed assets in more than 70 urban centers around the world (including Vancouver since 1953); Wheatsheaf Group, which comprises investments in sustainable food and energy initiatives together with a number of trading companies in the North West of England; and the Family Investment Office which includes 5 rural estates in the United Kingdom and Spain, and a charitable foundation. The Grosvenor Estate employs more than 1,100 people, whilst relating to many more through its ownership and management of land and property.

BluWrap Joins Iceland Ocean Cluster

BluWrap is now a member of the Iceland Ocean Cluster, a group that aims to drive new ideas and promotes networks and relationships among business and entrepreneurs in the marine industry. Iceland is considered a hotbed of seafood technology innovation, and is a strategic geography for BluWrap expansion.

Bluwrap Presents Supply Chain Innovation to McDonalds

BluWrap was selected as one of 10 companies to present to global supply chain executives at McDonald’s as part of its Innovation Café events. Organized by Sandbox Industries, a venture capital firm that manages more than $420 million of strategic investments, the event was designed to inspire new thinking and technology engagement strategies for McDonald’s, as well as identify potential partners.

“Our aim is to help our corporate clients like McDonald’s innovate and compete by brokering introductions to new and interesting technology companies. BluWrap was a perfect fit because it provides naturally extended shelf-life technology and solutions that have revolutionized fresh food supply chains worldwide,” said Peter Newell, Executive Director, Sandbox Innovation Partners (Sandbox Industries’ new consulting arm).

BluWrap CEO, Mark Barnekow, presented to members of McDonald’s supply chain leadership board, as well as executives from McDonald’s key suppliers.

Anterra Capital Launches by Investing in Food Freshness Technology

AMSTERDAM, OCTOBER 28, 2013—Anterra Capital (“Anterra”) is pleased to announce the launch of its new growth capital fund investing in innovative companies that will make the food and agriculture supply chain safer, more efficient and more sustainable.

Anterra has been formed following the spin-out of Rabobank’s proprietary venture capital investment team, Rabo Ventures. Rabobank will remain a cornerstone investor in Anterra alongside incoming investor Moonray Investors, the proprietary investment arm of FIL Limited, the parent company of Fidelity Worldwide Investment.

As Rabo Ventures, the investment team has taken a leading role in financing the growth of innovative companies operating across the food and agriculture (F&A) supply chain. Working closely with Rabobank, they have developed deep F&A investment knowledge, as well as an investment model that leverages the resources and networks of the team and its partners. These resources and networks are used to strategically support the growth of its portfolio companies. Anterra will continue to follow and extend this investment approach with the backing of Moonray Investors and Rabobank.

Nicky McCabe, Chief Operating Officer of Moonray Investors, said: “Moonray is excited to be backing the team in launching Anterra. As a long-term investor, we believe in the importance and investment potential of changing the way we produce, move, and consume food. Anterra is taking a leading role in financing innovative F&A companies that are making this change happen. We look forward to putting our international network and resources behind Anterra, and the companies in which it invests.”

Lizette Sint, Managing Director of Rabo Private Equity Fund Investments, said: “The global food system needs to be transformed in order to secure the long-term food supply. We believe innovation is a key requirement to make this transformation happen. We look forward to working with Moonray and Anterra as we build on the team’s investment strategy of driving that change.”

Anterra is proud to announce its debut investment in Food Freshness Technology Holdings (FFT), a UK leader in food preservation. FFT’s technology, It’sFresh! is proven to be the world’s most effective way of adsorbing and locking away ethylene gas, the natural plant ripening hormone. By reducing ambient ethylene levels, It’sFresh! radically slows the ripening and decay of fresh fruit, vegetables and flowers in the supply chain, reducing waste and assuring consumer product quality.

Available in the form of a simple pad, easily inserted into fresh produce packaging, It’sFresh! is the only ethylene reduction technology that can be used along the whole supply chain from grower to consumer. Existing retail client usage demonstrates that It’sFresh! typically reduces in-store, fresh produce waste by 50% and adds at least two days to product life.

Peter Sugarman, Chairman of FFT, said: “We are delighted Anterra Capital has chosen to invest in us. It’sFresh! technology has tremendous opportunities to reduce waste, improve food security and sustainability and provide consumers with fresher fruit in both the developed and developing worlds. For example if all UK supermarkets used It’sFresh! technology, we calculate they could avoid wasting over 13,500,000 packs of tomatoes and almost 19,500,000 punnets of strawberries every year. In each case that’s a saving of almost 7,000 metric tonnes, an equivalent mass to the Eiffel Tower—and in only two of the many fresh produce categories, in one country.”

Adam Anders, Managing Partner at Anterra, said: “The food industry is increasingly seeking out new technologies to solve its growing issues. FFT is a prime example of an innovative company that has the potential to transform the global food supply chain. Rabobank's F&A knowledge base and network, combined with the global investment experience of Moonray, give Anterra a unique perspective and edge in supporting the growth of companies like FFT. We are excited to be supporting FFT in the global commercialisation of It’sFresh and look forward to announcing additional investments soon.”

About Food Freshness Technology and It’sFresh!

It’sFresh Ltd and It’sFresh Inc, are part of Food Freshness Technology (FFT), a high tech innovations company focused on creating unique patented products, delivered by leading edge materials science, developed in partnership with world renowned research and technology organisations. To-date over £10m has been invested in FFT technologies.

It’sFresh! ethylene-removal technology is a unique, high-tech blend of minerals and clay, sealed into a discreet, food-grade pad that is easily inserted into bulk and retail fresh-produce packaging at the pack-house. It’sFresh! adsorbs (traps and locks away) the ethylene gas molecules that are fruit’s natural ripening hormone. Independent tests have shown It’sFresh! adsorbs ethylene 100 times more effectively than any other known technology on the market.

It’sFresh! prolongs freshness and quality, and enhances flavour, in a secure and sustainable way, helping the global fresh-produce supply chain maximise value from growing, transporting and retailing top-quality produce. Consumers can enjoy more, buy more and gain nutrition from fresh produce while ensuring they get full value for money. Retailers waste less and sell more, benefiting from a proven return on investment. Growers can reduce waste during transit, extend their season and ship more. This directly addresses the food industry’s challenges of food security and profitability, while also tackling the global issue of food waste.

Based on current commercial roll-out It’sFresh! typically saves around 50% of in-store waste and adds a minimum of two days’ product life. It’sFresh! is already used by M&S, Waitrose and others in the UK, by Cencosud in Chile and with wider EU, US and APAC commercialisation well underway.

The JRJ Group were the first external investors in FFTH. Peter Sugarman, a JRJ partner, acts as chairman of the Company’s board and advised on the hiring of Paul Moody, the former chief executive of Britvic plc.

www.foodfreshness.com

About Moonray

Moonray Investors was formed in 2008 to manage the investment of FIL Limited’s balance sheet capital. Moonray manages a diverse portfolio of asset classes and investment strategies, targeting sectors outside of financial services and with an overall objective to deliver long-term growth in its portfolio’s net asset value.

As part of its broad portfolio, Moonray invests in a number of proprietary venture capital and private equity funds, run by Fidelity groups and affiliates. Moonray has dedicated venture capital teams in Europe, China, Hong Kong and India. Alongside US affiliates, Moonray invests in a global biosciences fund, run by Fidelity Biosciences. Moonray also holds significant, long term positions in operating companies in the Healthcare and Energy sectors; for example, as part of Moonray’s Optegra business, Moonray operates 23 ophthalmic surgical hospitals across Europe. Moonray has a strong interest in investments in the Food and Agriculture sector, to complement its investments in Healthcare and Energy.

A key enabler of Moonray’s approach is its ability to leverage both the European and Asian expertise of its investment teams, and the network formed by the wide portfolio of companies in which it invests. By offering access to its network and resources, Moonray is a proven and powerful partner for new companies entering the market, as well as those in their next phase of growth.

www.moonrayinvestors.com

About Rabobank Group

Rabobank Group is a Netherlands based, international financial services provider operating on the basis of cooperative principles with a predominant focus on providing all finance services in the domestic market. Internationally the Group's focus is on food and agriculture. In line with its cooperative roots, Rabobank Group is a cooperative bank, comprised of independent local Rabobanks, plus their central organisation Rabobank Nederland and its (international) subsidiaries. The organisation has approximately 59,500 employees (fte) worldwide and operates in 42 countries.

Rabobank Group has high credit ratings, awarded by international rating agencies Standard & Poor's,Moody's, Fitch and DBRS. In terms of Tier I capital, the organisation is among the top 30 largest financial institutions in the world.

Internationally, the Rabobank Group operates specialised entities including De Lage Landen (leasing and vendor financing) and Rabo Real Estate Group (real estate management).

For more information about the Rabobank Group go to www.rabobank.com.

Food Sector's Efficiency Drive has Promise

The following editorial piece was published on the Financial Times website, FT.com, in December 2013. For the original article please follow this link.

Recently, Tesco publicly acknowledged that 28,500 tonnes of food went to waste in its stores and distribution centres in the first six months of 2013. It was a revealing but welcome statement highlighting the fact that the food supply chain is broken.

Tesco’s troubles are part of a bigger story. The food supply chain is riddled with inefficiencies: between production and consumption 40 per cent of food ends up in the bin, according to a recent study by the Food and Agriculture Organisation. At the same time, demand for commodities is projected to rise by 70 per cent between 2005 and 2050.

This demand cannot be satisfied simply by an increase in production: the world is running out of fertile land, water and nutrients, and average rates of improvement in global crop yield are steadily declining.

But Tesco’s frankness on waste points to a dramatic shift in attitude in the food and agriculture industry, from a focus on production to targeting efficiency.

Traditionally, the sector has been all about farming more land and adding more chemicals to improve crop yields. This led to an abundance of cheap food and indifference to waste.

But now the sector is starting to realise that increasing efficiency is the only way forward in the face of unsustainable fundamentals. However, to achieve the necessary gains in efficiency, the sector will need to introduce a host of new technologies.

Some of these will need to be developed from scratch, while many others already exist but are not yet being applied to the food and agriculture value chain. Nevertheless, the opening up of the food market to new products and services will create significant investment opportunities for a variety of asset managers.

So why are more investors not entering this emerging asset class? The truth is that, although the potential financial returns are substantial, there are a number of aspects that make food and agriculture a challenging sector to invest in confidently. For example, many of the key players are rather conservative and thus slow to embrace innovation, while unpredictable weather or regulation can bring unpleasant surprises.

Still, with a bit of patience and careful navigation, few sectors will offer better opportunities.

We have identified three key themes that we think are important for successful investing in food and agriculture.

Stay in the comfort zone of key technology buyers:

The average company in food and agriculture exists in a tough environment: razor-thin margins, regulatory regimes in flux and the ever-present threat of hostile weather or disease wiping out entire crops or livestock. Unsurprisingly key players, such as farmers, input providers, food processors and food retailers, are reluctant to take on additional risk.

Investors should bear this conservative outlook in mind. Do not invest in a hot start-up with a disruptive efficiency solution if you are in a hurry. Key players in the sector typically like to take it slow and gravitate towards proven technologies they understand.

An alternative approach is to look at the food and agriculture industry as a substantial new market for existing technologies and products from other sectors, like human health, life sciences or even software, that have a proven record in situations similar to those food and agricultural companies are now facing.

For example, the advanced product track-and-trace software solutions used in the pharmaceutical value chain can be applied to the fresh food chain.

Don’t do it alone:

It is not difficult to enter the food and agriculture market and gain a few clients. But as the thousands of small and largely stagnant companies in the sector show, it is much harder to achieve scale.

Many factors conspire to hamper the growth of new entrants: buyers are powerful and conservative; tastes, customs and regulations are often very local and can make it hard to repeat success across borders.

In our view, successful investment in food and agriculture requires knowledge of the sector, a focus on simple, easy to communicate value propositions and strong partners to help with international expansion. So investors should surround themselves with dedicated food and agriculture experts and innovative companies should engage with end customers early and consider partnerships as they grow.

Go forth and diversify:

As a food and agriculture investor you may not know when, where or how hard a natural disaster or food scandal will hit one of your portfolio companies, but you can rest assured that it will happen at some point.

So diversify your exposure across regions, customers, commodities and suppliers, or invest in a service that will remain in use throughout any cycle. The Tesco story suggests the rollout of new waste-reduction technology would be such a service. Investors who skip diversification do so at their peril.

Anterra Capital Expands its Advisory Committee

Anterra Capital is pleased to announce that Béla Jankovich de Jeszenice has joined its’ Advisory Committee.

Béla Jankovich de Jeszenice is an active investor in the technology, farming and agriculture sectors via his privately held company Amber Investment, alongside managing the Jankovich Birtok family estate. Jankovich Birtok is an estate of over 3.000 hectares based in South-West Hungary, operating state of the art farming activities including cropping, forestry, fruit orchard, cattle, and hunting. Prior to 2009 Bela spent nearly 10 years as the CEO and a substantial shareholder of listed high-tech electronics firm EXENDIS NV. EXENDIS designed, produced and marketed high-tech innovative power electronics across the railways, automotive, medical, telecoms, shipbuilding, OEM’s, renewable energy and cleantech sectors with operations in Europe, the US and China.

Adam Anders, Managing Partner at Anterra, said: “It is very rare to find a large scale farmer with a high tech electronics background and experience as a listed company CEO, while sharing our passion for sustainable farming and building great, innovative, agricultural companies. Béla is a one in a million and we are thrilled that he has agreed to join Anterra as a member of our Advisory Committee. We are very confident that he will help Anterra and our portfolio companies on our pathway to success.”

“The food and agriculture sector has been comparatively slow to adopt new technologies and the venture capital community has been even slower to realize the significant investment opportunity arising in this sector. Anterra, with its dedicated food and agriculture focus and partnership with Rabobank and Fidelity, is perfectly positioned to fill this void. The team has the right approach and are the sort of business partners that I would want to meet if I was an entrepreneur raising capital. I am very pleased to be joining the Anterra Advisory Committee and look forward to working with the Anterra investment team and their portfolio companies.” said Béla.

Anterra Capital Expands its Partnership Team

AMSTERDAM, OCTOBER 1, 2014 - Anterra Capital is pleased to announce that Dudley Hawes has joined as a Partner.

Dudley brings over 12 years of investment experience to the team at Anterra including 7 years spent working internationally. He was previously Managing Partner at a utility-backed energy transition fund, and a Manager at Zouk Capital, a London-based private equity and infrastructure investor. Dudley will be focused on the development of Anterra’s portfolio targeting growth investments up to €12M.

Adam Anders, Managing Partner at Anterra, said: “We’ve worked with Dudley for many years and have been impressed by his track record in software and energy technology. Dudley’s investment experience and ability to both find and build great companies will be of tremendous value to Anterra and our portfolio companies. We are delighted that Dudley has joined the partnership.”

Dudley Hawes said: “This is an established, well backed investment team that is taking a leadership role in food and agriculture technology. I am very much looking forward to working with the team and the portfolio as well as making the most of a global network that includes Moonray Investors, Fidelity and Rabobank.”

Anterra Capital invests in Vestaron Corporation

KALAMAZOO, MI -- October 28, 2014 - Vestaron Corporation, a company that designs environmentally friendly insecticides, announced today the final close of its Series C Financing. Anterra Capital, based in the Netherlands, added $4M to the $10M previously announced to bring total funding to $14M. Anterra Capital is jointly funded by Moonray Investors, the proprietary investment arm of FIL Limited, the parent company of Fidelity Worldwide Investment, and Rabo Private Equity, the proprietary private equity arm of Rabobank. The round also included Cultivian Sandbox Ventures, Southwest Michigan First Life Science Venture Fund, Open Prairie Ventures, Pangaea Ventures, Michigan Accelerator Fund and others.

“I’m very pleased to welcome Anterra to the Vestaron team. Their perspectives will be greatly valued on the Board of Directors, and their experience in food and agriculture will be invaluable to us going forward,” said John Sorenson, CEO of Vestaron. “We’re overwhelmed to have attracted so much interest from the international venture capital community.”

Philip Austin, a Partner in Anterra Capital, said, “We’re delighted to be supporting Vestaron. We’ve been watching the Company for several years now, and we feel the time is right to make an investment in this groundbreaking company. The commercialization of their first product is proving that natural peptides can be a valuable source of novel insecticides providing farmers with a crop protection tool that has the power of chemicals with the safety profile of biologicals.”

Vestaron exploits the natural insecticidal properties of a class of peptides which have potent insect killing potential, but which are safe to humans, birds, fish, and the environment, including honeybees. These peptides utilize new modes of action that have never before been used for insect control, and therefore do not suffer from insect resistance. In addition to the bioinsecticides, the Company is putting the genes for the peptides into crop plants, and is modeling the active sites of the peptides to identify synthetic mimics that also have a favorable safety spectrum.

LemnaTec Secures Equity Financing from Anterra

AACHEN, GERMANY -- March 3, 2015 -- LemnaTec GmbH (“LemnaTec”), a leader in high-throughput research platforms and analysis software for plants, today announced that it has agreed a €5 million equity investment from Anterra Capital. The proceeds from the financing will be used to accelerate LemnaTec’s continued growth and market expansion globally. This investment follows a previous financing round led by German private equity firm DEWB and underlines LemnaTec’s position as one of the largest providers of systems and software for image capture and data processing of plants and other research organisms.

“The partnership between Anterra and LemnaTec will help accelerate our expansion, particularly in the USA, and allow us to extend our software and service capabilities,” said Dirk Vandenhirtz, CEO and founder of LemnaTec. “We are now backed by two strong institutional investors and I am very confident that Anterra will energetically support our continued growth with their technology expertise and extensive industry contacts.”

Dudley Hawes, a Partner at Anterra Capital, said, “Our investment in LemnaTec provides a platform for the company to grow and support its already global customer base. We see tremendous potential in LemnaTec’s data and bioinformatics tools and believe that the company will contribute massively to the infrastructure needed to better connect and use genotyping and phenotyping information. We look forward to working with the team to strengthen operations and realise LemnaTec’s significant potential.”

LemnaTec sells hardware and software for taking digital images of plants and for processing those images to produce phenotypic data. LemnaTec’s products are designed to improve the performance of phenotyping results in R&D and this is done using a range of products - low throughput systems for lab monitoring, high throughput systems for monitoring thousands of plants in a greenhouse or systems suitable for research in open fields. A typical greenhouse installation would include camera and sensor systems, application and analysis software, high-speed data processing components, as well as some form of automation engineering for plant handling and growth management. LemnaTec has also developed a suite of software tools for plant phenotyping covering image acquisition, image processing and data mining to help attaining a desired phenotype for any given condition.

Announcement of this financing follows several notable achievements by LemnaTec in recent months including opening an office in St. Louis, USA and starting construction of a high output field based phenotyping facility in the UK with Rothamsted Research.

Voltea continues it's global commercial success

Voltea continues its global commercial success with patented Capacitive Deionization (CapDI) technology on two continents to solve difficult Total Dissolved Solids (TDS) removal in Commercial Laundry.

In the United Sates, Voltea has partnered with American Water Purification (AWPI) to solve a Laundry facility problem that before now has seen a series of failures by competing technologies industry wide. “Voltea and their team has delivered a TDS trimming solution that opens the door to an unprecedented opportunity for savings in hot water reuse for Commercial Laundry Facilities” comments Dan Gates – President AWPI. He added “In concert with our AOP reuse system CapDI has the added benefit of further reducing water consumption by more than 50% coupled with savings on reheating the water.

Voltea’s CapDI technology offers us multiple opportunities that we just did not have access to prior to its integration with our systems. ” In Australia, Voltea has partnered with a prominent representative to integrate CapDI into their well-known water reuse system to be applied in Commercial Laundry. Australia suffers from harsh water scarcity problems that can be addressed by Voltea, saving millions of litres of water per facility every year.

"Western Australia has seen climate change happen faster and earlier than almost anywhere else on the planet. In the last 15 years the water from rain into our dams has dropped to one-sixth of what it used to be before that," said Sue Murphy, chief executive of the Western Australia Water Corporation.