Tyson Ventures has made some attention-getting investments in the 15 months since it came onto the scene with $150 million to deploy in December 2016.
The company has been tight-lipped on what might come next, largely refraining from speaking to the press outside of prepared statements, but at the Future Food Tech Conference in San Francisco March 23, managing director Reese Schroeder offered some insight into Tyson Ventures’ strategy and what might be ahead for the protein giant.
Schroeder himself came to Tyson Ventures in June from Motorola Solutions Venture Capital (the venture arm of the Motorola mobile technology company) and is a clear believer in the value of corporate venture capital for both startup and corporate gain.
“A good corporate strategic investor has a real advantage when it comes to the financial side since it can be the strategic collaboration that ultimately drives the value that leads to that financial return,” he said.
In fact, the investment formally went through before Tyson Ventures was up and running, but was transferred to the venture fund soon after.
“We’re excited about this opportunity to broaden our exposure to innovative, new ways of producing meat, especially since global protein demand has been increasing at a steady rate,” said Justin Whitmore, executive vice president of corporate strategy and chief sustainability officer of Tyson Foods in a January statement.