(Agricultural Research Service, USDA)
Monsanto Company in St. Louis, Missouri and Atlas Venture, a venture capital firm in Cambridge, Massachusetts, agreed to jointly explore investments in early-stage life sciences companies. Monsanto is a manufacturer of agricultural chemicals; Atlas Venture invests in early-stage technology and life sciences businesses.
Under the agreement, Monsanto and Atlas will identify investments in several agricultural technology areas that support Monsanto’s strategic interests, including genomics, informatics, and biology. Atlas says the partnership provides access to technology capabilities and insights that can aid its investment processes.
The partnership plans to add two professionals to work with Atlas and Monsanto teams to identify investment opportunities and secure technical due diligence in the areas of interest. No other terms of the agreement were disclosed.
Read more: Three U.S. Corporations Start Energy Technology Fund
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