Mitsubishi, Israeli investment firm team up to look for agrifood tech opportunities

Israel- and Singapore-based investment group Trendlines has announced its partnership with Japanese automotive giant Mitsubishi to look for emerging tech opportunities in the agrifood space.

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Mitsubishi operates in almost every industry and is actively exploring innovation coming from Israel, a market that has seen “tremendous development” over the past decade, according to a statement.

A recent Startup Nation Central report noted that there were more than 350 agrifood tech firms in the country as of mid-2019, of which 239 were startups. From January through September 2019, investments into agrifood startups in Israel also reached US$115 million, up from US$100 million in FY2018.

“Collaborating with Mitsubishi is synergistic. We gain invaluable market and industry insights from a global leader in their field, and Mitsubishi leverages on our experience in technology evaluation and development,” said Nitza Kardish, the CEO of Trendlines’ Agrifood – an investment vehicle of the group.

Trendlines recently announced that it was seeking a dual listing on Israel’s Tel Aviv Stock Exchange and that it was raising additional capital through a public offering of new securities. The company is currently listed on the Singapore Exchange.