The Calgary-based investment firm will target pre-seed to Series A agtech startups with diverse founders. The fund has 34 investors so far, including lead investor Farm Credit Canada with Alberta Enterprise Corporation, National Bank of Canada, Northpine Foundation and 26 undisclosed individual investors participating, managing general partner Alison Sunstrum told The Logic. (The Logic)

Talking point: Women-led The51 raised its first sector-agnostic $9-million fund in 2019, which invested in 30 startups founded or co-founded by women. Its Food and AgTech Fund initially launched with a $25-million target in 2021, my colleague Catherine reported. Sunstrum said it doubled its goal to $50 million because she believes it needs to go higher than $30 million “to be a serious fund.” She said hopes to close the other $20 million by the end of June. Canada punches below its weight in agriculture, said Sunstrum. “We’re a world power, [with] capacity to be a sustainable food-producing nation for the world. We have so much opportunity and that will be driven by technology.”