Sinead BYRNE, Accountant, The Yield Lab Europe

1. 1
YIELD LAB EUROPE I
AgTech Growth Capital Fund
Investing in Sustainable AgriFood

2. 2
Introducing The Yield Lab
At The Yield Lab, our mission is to
enable entrepreneurs to sustainably
revolutionize AgriFood systems, on a
global scale.
We do this by investing in and
accelerating high-impact early-stage
companies all around the world
through our regional acceleration
programmes and growth funds.
Confidential

3. 3
The Yield Lab’s global footprint offers a unique
ability to source and expand businesses
Yield Lab Global Opportunity Fund (“YLGOF”): A $50-100M fund to invest in
and help support the activities of the regional funds with $13M raised to
date
Yield Lab North America
• $50-100M YLGOF target fund size
• Planned second close 2020
• Accelerator opened 2015 (27 co’s)
Yield Lab Latam
• $40M target fund size
• Planned first close 2020
• Accelerator opened 2018 (7
co’s)
Yield Lab Africa
• In early stage planning
Yield Lab Asia-Pacific
• $50M fund
• Planned first close 2020
• Accelerator opened 2019
Yield Lab Europe
• €40-€50M target fund size
• First close €21M April 2019, YLGOF invested
€1m
• Previous accelerator fund 2017-2019 (7 co’s)
Confidential

4. 4
The Yield Lab’s track record at a glance
$42+ Million
In follow on
raised capital
175+
Portfolio
employees
45+ country
applicants
26
Portfolio
Companies
41
1,000+
$100+
300+
Confidential

5. 5
Yield Lab’s global portfolio
IMPETUS
Confidential

6. 6
A vibrant ecosystem is accelerating
innovations and attracting the needed
capital
2018 European AgTech
& FoodTech funding
$ 1.6 BillionInvestments
421# of deals
Source: AgFunder 2018 European AgriFood Tech report.
Confidential

7. 7
AgTech investments offer a fertile ground
to work towards progress in key SDGs
Source: Valoral Advisors’ food and agriculture impact investing framework.
Confidential

8. 8
The YLE’s impact drive: Focus on 3 main
areas
Sustainable food
production
Climate change
mitigation &
adaptations
Nutritious,
healthy and safe
food
• Produce safe, high quality food and agricultural
products in a way that conserves and improves
the natural environment and preserves natural
capital.
Main impact themes Focus areas
• Smart irrigation.
• Agricultural biologicals.
• Advanced fish & animal breeding.
• Animal nutrition & health.
• Avoid greenhouse gas emissions (CO2, methane
and nitrous oxide) and increase carbon
sequestration through agricultural production
processes.
• Produce high quality and safe food, that is
produced in a more natural way, with lower
exposure to chemicals and antibiotics, and that
provides people the nutrients they need to
maintain themselves healthy, feel good, and
have energy.
• Innovation in soil & water conservation.
• Precision farming.
• Livestock & dairy solutions.
• Food & ag logistics & storage solutions.
• Technologies that enable organic
farming.
• Plant-based foods.
• Functional foods, beverages & care.
• Food and ag traceability & safety.
Confidential

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• Country: Ireland
• Founded in 2016
• Invested in seed round in 2018, together with Finistere Ventures and Atlantic Bridge Ventures
(first tranche held in accelerator fund; second tranche held in this fund); Series A round
planned for 2020
• ApisProtect uses an IOT solution with in-hive sensors, retrofitted into existing beehives, to
unobtrusively monitor honey bee colonies. Collected data is gathered using mobile networks,
then machine learning and big data techniques are applied which provide actionable insights
about colony health, diseases, pests and other important events enabling the beekeeper to
make effective beekeeping decisions.
Existing portfolio companies in the accelerator*
• Country: Ireland
• Founded in 2015
• Invested in seed round in 2017 together with SOSV and angel investors, follow on round
2018/19, held in accelerator fund; plant in commercial production @ September 2019; Series A
round planned for 2020.
• Hexafly converts brewers’ waste byproducts into insect meal from which insect protein and oil
is extracted, which can be used as fish and poultry feed ingredients. These products are derived
from black soldier fly larvae and are very healthy for fish and with a better performance than
traditional feed like soybeans.
* The existing portfolio companies will stay in an investment vehicle that is independent from The Yield Lab
Europe I Fund.
• Country: USA (with significant UK / EU market opportunities)
• Founded in 2016
• Invested in seed+ round in 2018, led by Maersk Ventures and Acre Venture Partners. In JDA
discussions with major production line equipment companies.
• Impact Vision applies advanced imaging technology to food supply chains to reduce waste,
quality and food fraud issues. The company’s technology assesses food quality, such as the
freshness of fish, fruit and vegetables, the ripeness of avocados, shelf life prediction, and/or
the presence of foreign objects non-invasively and at production grade speeds, providing 100%
product coverage.
Confidential

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Existing portfolio companies in the accelerator*
• Country: Ireland
• Founded in 2015
• Invested in seed round in 2017 together with SOSV and Alimentos Ventures, follow on round
Dec 2018 (held in accelerator fund), in clinical trials with a potential JDA partner
• MicroSynbiotiX is developing a cost-effective oral vaccine to combat infections in aquaculture
and improve global food security which may significantly reduce disease in fin fish and shellfish
and avoid the need for anti-biotics in fish and shellfish feed. The Co. has a patent-pending
technology using micro algae ,which is low cost and easy for the fish farmer to administer,
reducing fish losses and improving health through less antibiotics.
• Country: Ireland
• Founded in 2012
• Invested in 2019, closing out a €6m Series A round which we plan to participate in from this
fund, will convert our SAFE at 1.25X uplift (held in accelerator fund)
• Microgen Biotech has developed a unique range of biologicals based on healthy bacteria that
restore the soil’s natural microbiome, improving yields and reducing the uptake of heavy
metals into plants. This reduces toxic heavy metals in our foods when applied to crops by
farmers during the growing season, or as a seed treatment. It is also used for bioremediation
on lands that were polluted with industrial waste, mining and hydrocarbons to decontaminate
them and restore them to productive use.
* The existing portfolio companies will stay in an investment vehicle that is independent from The Yield Lab
Europe I Fund.
Confidential

11. 11
• Country: UK
• Founded in 2012
• Invested in round in 2017 together with angel investors and syndicates, follow on round 2018
(held in accelerator fund); closing out a €5m Series A round which we plan to participate in from
this fund, which will see a 3.1X uplift in our investment
• Rootwave is developing a range of products that can kill and control weeds using electricity,
effectively offering an alternative to herbicides and chemicals and supporting organic farming.
These include an amenity product, a domestic product for home use, an automated tractor-
based product for larger scale farmers, and an autonomous weeding robot, which are safe and
effective.
Existing portfolio companies in the accelerator*
• Country: France
• Founded in 2014
• Invested in Series A round in 2018, led by BPI and Demeter. Hitting milestones. Series B planned
2020.
• Sencrop is a French precision ag company which has over 5,000 farmers in 10 countries around
Europe using its sensor device to track real time weather information, enabling farmers to
improve their decision making on key decisions such as planting, irrigation, application of
fertilizers and herbicides. Sencrop creates a network of connected farmers and enables all
players in the value chain to integrate, allowing effective, fast and automated distribution of
services, advice and inputs tailored to farmers’ specific needs.
* The existing portfolio companies will stay in an investment vehicle that is independent from The Yield Lab
Europe I Fund.
Confidential

12. 12
Thank you!
For further information about our Accelerator Programme
email me at sinead@theyieldlab.com