# MULTIVAC invests in BayWa Venture to form AgriFoodTech venture alliance

MULTIVAC, BayWa, and Bindewald and Gutting Mühlengruppe are jointly investing around EUR 20 million in AgriFoodTech start-ups through the newly renamed AgriFoodTech Venture GmbH. MULTIVAC and Bindewald and Gutting each take an equal stake via a capital increase of nearly EUR 10 million, while BayWa remains majority shareholder with 51%.

- Type: Investment
- Announced: 2024-02-23
- Where: Germany
- Value: $21.6M (20.0M EUR)
- Status: announced
- Products: food processing and packaging solutions, AgriFoodTech innovations
- Sectors: [Food Processing Equipment](https://endata.com/sectors/food-processing-equipment.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [AgriFoodTech Venture GmbH](https://endata.com/companies/75822.md)
- [Multivac](https://endata.com/companies/3426.md) (investor)
- [BayWa](https://endata.com/companies/21954.md) (investor)
- [Bindewald and Gutting Mühlengruppe](https://endata.com/companies/75821.md) (investor)

## Sources

- [taylorwessing.com](https://www.taylorwessing.com/en/insights-and-events/news/media-centre/press-releases/2024/02/taylor-wessing-advised-multivac-on-its-investment-in-baywa-venture-gmbh), 2024-02-23: "The mission of the newly renamed AgriFoodTech Venture GmbH is to promote innovative solutions for sustainable food production."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.