PALO ALTO, Calif., May 7, 2018—SVG Partners announced today that Wilbur-Ellis Company has become the latest corporate partner to join its THRIVE Venture & Innovation Platform. The partnership between SVG Partners and Wilbur-Ellis Company, a leader in precision agriculture technology and the marketing and distribution of plant protection, seed and nutritional products, is focused on accelerating and scaling emerging agriculture technology.
“THRIVE has been very successful in building a platform that attracts and catalyses emerging agriculture technology from around the globe,” said Wilbur-Ellis’ Corporate Vice President of Business Development Mike Wilbur. “Our objective is to invest in and infuse our distribution and agronomy capabilities into these companies, making them available to our customers looking to bring new technology into their daily operations.”
As one of the world’s premier leaders in agriculture marketing and supply distribution, Wilbur-Ellis is well-positioned to deliver new solutions at its agribusiness retail locations. “Using our presence – in over 160 branches, with 700 agronomists touching around 300 crops in the U.S. alone – we can quickly prove new, targeted technologies in order to maximize the efficiency and profit of our customers,” said Wilbur. “We are interested in fostering and accelerating this technology through our extensive testing and research facilities, as well as through our marketing and distribution capabilities.”
The SVG-THRIVE Venture & Innovation Platform aims to create an interface between promising startups and corporate partners like Wilbur-Ellis to test new products in the field, across the supply chain and determine which technologies deliver a return on investment. “We are pleased to welcome Wilbur-Ellis to the THRIVE Venture & Innovation Platform,” said SVG Partners CEO and THRIVE founder John Hartnett. “Wilbur-Ellis has long been a leader in agriculture products and distribution and we look forward to leveraging their deep domain expertise and extensive reach to help new technologies get to market faster.”
About the Wilbur-Ellis Companies
Founded in 1921, the Wilbur-Ellis companies are leading international marketers and distributors of agricultural products, animal feed and specialty chemicals and ingredients. By developing strong relationships, making strategic market investments and capitalizing on new opportunities, the Wilbur-Ellis companies have continued to grow the business with sales now over $3 billion. Wilbur-Ellis Agribusiness generates more than $2 billion in sales revenue annually and has over 160 branch locations throughout the U.S. www.wilburellis.com
About SVG Partners-THRIVE Venture & Innovation Platform
The THRIVE Venture & Innovation Platform works with leading corporations, startups, universities, and growers to solve the biggest challenges facing the food and agriculture industries. THRIVE hosts a highly selective program for seed and growth stage AgTech and FoodTech startups, providing investment, top-tier mentorship, trials, and go to market support and in addition provides advisory and corporate open innovation services to the largest agriculture and technology companies. THRIVE was launched in 2014 by Silicon Valley Global Partners (SVG Partners), a venture, innovation and advisory firm based in Silicon Valley, CA. www.svgpartners.com www.thriveagtech.com