The Band of Angels AgFood Tech vertical was inaugurated as a Special Interest Group (SiG) in 2016. The goal was to invest in new markets created by digitalization of farming and food systems including consumption and delivery. The astonishing rapid pace of growth in these spaces-- $0.45 Billion in 2013 to $19.7 billion in 2019--is testimony to a young market trajectory underpinned by high investor interest. In the past few years, we have witnessed amazing innovations and creation of new markets that is nothing short of transformative. Then came Covid-19, upending many aspects of our lives. It is this pace of expansion and macro disruptions that led to the realization that we must move with the times, adjust and adopt new trends and exploit plentiful opportunities. Accordingly, we are broadening our mission and investment themes and foci by updating our mission to go beyond food and agriculture and to include wellness and healthspan as delineated in the summary linked here by launching AgFood Tech 2.0--AgFoodHealthspan (AFH). We invite entrepreneurs to bring their ideas, proven concepts and nascent businesses to AFH and allow us the privilege of helping them grow their business to ultimately improve the human condition; The Band of Angels has a long-standing tradition of doing well by doing good. Here is a link to the video presentation by Jaleh Daie, Chair of the AFH Vertical, which provides an overview of AFH’s updated mission.

The AFH vertical will have its next meeting on Monday, November 2nd from 11:30 AM to 2:30 PM.