AGCO, a global leader in the design, manufacture, and distribution of agricultural machinery and precision ag technology, announced its recent investment in the Innova Ag Innovation Fund VI, managed by venture capital firm Innova Memphis. This investment is the inaugural move by AGCO Ventures, AGCO’s new corporate venture capital initiative. The investment aligns with AGCO’s strategy to support the next generation of farming through advanced solutions aimed at achieving a more automated, digitized, and sustainable future for agriculture. Innova is well-known for nurturing early-stage startups that are revolutionizing agriculture.
“We are excited to announce our investment in Innova Ag Innovation Fund VI, reflecting our unwavering commitment to pushing the boundaries of what’s possible in agriculture,” said Seth Crawford, AGCO Senior Vice President and General Manager, PTx. “This partnership allows us to tap into the latest innovations in automation, digitization, sustainability, and efficiency, ensuring we continue to provide our customers with the most advanced and effective solutions on the market.”
Through this partnership, AGCO aims to leverage Innova’s expertise in identifying and supporting high-potential startups at the forefront of agricultural technology.
“We are immensely proud to partner with AGCO, a true leader in the agricultural sector, whose commitment to innovation and sustainability mirrors our own,” said Dean Didato, a partner at Innova. “This collaboration represents a unique synergy between AGCO’s industry expertise and our vision for a technologically advanced farming future and revitalized rural economies. Together, we aim to empower the brightest minds in agriculture, driving transformative solutions that enhance farm productivity and profitability and secure a sustainable future for our planet.
AGCO (NYSE: AGCO) is a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology. AGCO delivers value to farmers and OEM customers through its differentiated brand portfolio including core brands like Fendt®, GSI®, Massey Ferguson®, PTx and Valtra®. AGCO’s full line of equipment, smart farming solutions and services helps farmers sustainably feed our world. Founded in 1990 and headquartered in Duluth, Georgia, USA, AGCO had net sales of approximately $14.4 billion in 2023. For more information, visit www.agcocorp.com. For company news, information, and events, please follow us on X: @AGCOCorp. For financial news on X, please follow the hashtag #AGCOIR.
