€60 million investment fund for the Fintech and Food & Agri sector
Rabobank is today launching Rabo Frontier Ventures (RFV), a €60 million strategic investment fund that focuses on high-potential early-stage Fintech and Food & Agri companies. RFV is a subsidairy of Rabobank Group and forms part of the bank’s innovation strategy.
Harrie Vollaard, responsible for Rabo Frontier Ventures:
‘Investing in and developing strategic innovations is a key part of Rabobank’s strategy. We have, for example, already launched a number of successful innovations through our own internal accelerator programme. These innovations benefit both our customers and our long-term vision. We’ve been active in the worldwide FinTech and Food & Agri ecosystem for years and have succeeded in entering into various alliances. RFV provides Rabobank with an added vehicle for working more shoulder-to-shoulder with innovative businesses with the aim of transforming the Fintech and Food & Agri sector and building a sustainable and future-proof banking model.’
we.trade and Peaks
RFV has already invested in various startups, such as we.trade and Peaks. We.trade is a European platform based on blockchain technology that facilitates e-commerce trade for the SME sector. Peaks is the spare-change investment app that was launched in November 2017. These startups have emerged from Rabobank’s internal ‘Moonshots’ accelerator programme. In addition to introducing internal innovations to the market, Rabobank is a partner of various national and international accelerator programmes aimed at enabling startups to move forward. RFV will build further on these successful innovations and partnerships.