FMC Corporation, a manufacturer of agricultural chemicals, has reorganized its venture capital investing division, FMC Ventures
“FMC is still dedicated to agricultural technology innovation. Under the direction of Zack Zaki, Vice President of Corporate Strategy & Development, FMC Ventures continues to run and oversee its current investment portfolio even though we have modified our organizational structure to improve operations.
Since its establishment in 2020, FMC Corporation’s venture arm has supported companies including Traive, Agrospheres, Niqo Robotics, Micropep Technologies, Guardian Agriculture, and Trace Genomics, among others. For ag input companies like FMC, the environment has become challenging due to lower commodity prices, high costs, and other supply chain and climate change-related challenges.
At the same time, the broader tech downturn has severely (some would say completely) impacted agtech investment. Capital is still scarce despite forecasts that investment is rebounding. Brooks wrote a guest piece for AgFunderNews just last week, explaining why agtech investment requires new finance models.
FMC sold its Global Specialty Solutions division to environmental scientific firm Envu in November 2024.
