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Yield Lab will run second fund in Ireland

Yield Lab will run second fund in Ireland

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Yield Lab managing partners

Yield Lab managing partners Thad Simons (left), Jeff Peterson and Tom Adamitis. The agriculture technology accelerator program is based at the Helix Center in Creve Coeur.

Yield Lab, an agribusiness accelerator in Creve Coeur, announced Friday that it will open a second fund in Galway, Ireland.

Yield Lab Galway plans to invest in eight to 12 agribusiness startups over the next two years. Each will receive 100,000 euros (about $110,600) and participate in a 12-month mentoring and business development program.

The St. Louis Regional Chamber, which has supported several accelerator programs in the St. Louis area, said it would make a "founding investment" in Yield Lab Galway. Cultivation Capital, a St. Louis venture capital fund, also is investing in the new accelerator.

The original Yield Lab started last year with investments in six companies, and it added six more in January. It invests up to $100,000 in each firm.

The announcement of the new fund was made in Galway during a trade trip sponsored by the World Trade Center St. Louis and St. Louis Economic Development Partnership.

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