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Levi Wood, a grain grower who farms near Pense, Sask., with a handful of durum wheat.
Levi Wood, a grain grower who farms near Pense, Sask., with a handful of durum wheat.
(Mark Taylor For The Globe and Mail)

Agriculture firm planning $125-million fund

Agriculture investing specialist firm Avrio Capital is looking at raising a $125-million fund, its biggest yet, to back more companies in the food production businesses.

Calgary-based Avrio’s three late-stage venture capital funds so far have been in the $75-million to $100-million range, with investors including Alberta Investment Management Co., Export Development Canada and Farm Credit Canada. Now, with agriculture more of a hot spot in the venture capital markets, there is enough interest to bump that up.