Agronomics: illustrates the crazy nature of the market
The latest transaction from this investing company shines a spotlight on the ridiculous valuations placed on early stage companies, generous accounting treatment and even more generous service agreements.
Isle of Man domiciled Agronomics (LON:ANIC) invests in cellular agriculture with a focus on cultivated meat and alternative proteins and has to date established a portfolio of 16 early stage companies.
It seeks to secure a 5%-10% initial ownership in technologies with defensible intellectual property that offer new ways of producing food and materials with a focus on products historically derived from animals. These technologies are driving a major disruption in agriculture, offering solutions to improve sustainability,…
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