Agrilife Studio has announced the closing of an initial financing round of €25m with three major institutional investors: the France 2030 French Tech Acceleration 2 Fund, managed on behalf of the French government by Bpifrance, Crédit Mutuel Arkéa and Crédit Mutuel Alliance Fédérale via its Environmental and Solidarity Revolution fund.

AgriLife Studio, a company with a mission, aims to create around ten start-ups over the next seven years, focusing on the challenges of tomorrow's agriculture and healthy, sustainable food.

Agrilife Studio's mission is to identify, develop and finance innovative, high-impact projects, leading to the creation of French start-ups in the fields of biotechnology, robotics, digital technology and information technology.

Agrilife Studio has begun working with research bodies and institutes such as INRAE and AgroParisTech, as well as with SATTs, agricultural colleges, university laboratories, cooperatives, competitiveness clusters and entrepreneurial communities, to identify innovative concepts and growth markets, and the talents of future management teams.

The first funding round of €25m will be used to launch the first projects, with the aim of creating around ten start-ups over the next seven years. AgriLife Studio is in the process of building up its team and is already working on analysing several projects, which are still confidential, while at the same time recruiting the entrepreneurs in residence.

"In addition to the central role of feeding people, the agricultural sector, and Agritech in particular,
a wide range of issues linked to transitions: carbon capture, preservation of biodiversity, health
biodiversity, health and renewable energy production. Banks have a crucial role to play in
to support these changes towards sustainable agriculture, based on innovation. This is a commitment that
at Crédit Mutuel Arkéa, as a local bank and a company with a mission".

Hélène Bernicot, Chief Executive Officer of Crédit Mutuel Arkéa