Cibus Capital
Cibus Capital LLP is a London-based private-equity and venture-capital firm investing in the sustainable food and agriculture transition, advising a mid-market private-equity strategy (Cibus Fund I and II) in food production and processing alongside a venture strategy (Cibus Enterprise Fund I and II) backing late-stage agrifood technology. Incorporated as a limited liability partnership in 2006, the firm built its food-and-agriculture platform from 2016 under founder and Chief Investment Officer Rob Appleby and has raised more than USD 1 billion across its strategies. Cibus Capital LLP is authorised and regulated by the UK Financial Conduct Authority under firm reference number 454655.
Cibus Capital is a London growth equity firm with €920M AUM, 21 active companies and 2 exits.
- ·Top sector focus: AgTech (43% of portfolio).
- ·Fund cadence: ~2Y between vintages · last raise 2021.
Sector breakdown
23 companiesGeography breakdown
10 geographiesKey facts
Recent exits
Cibus Capital exited Believer Meats in 2025 after 4 years.
Cibus Capital sold Innoliva to Fiera Comox in 2023 after 6 years.
Partners
Coverage notes
3 funds tracked, 23 portfolio companies (21 active · 2 realized). Verified weekly from public filings and deal announcements.
Investment team
Senior partners. Hand-checked from public filings and the firm's own site.
Funds & portfolio
Every fund Cibus Capital has raised, with its portfolio companies. Hand-checked from public filings.
Cibus Enterprise Fund IIVC2021€124M10 assetsVC2021 · 5yr€124M10–
Unrealized
10 held| Company | Entry |
|---|---|
| 4AG Robotics AgTech · Canada | 2025 |
| Aquapak ClimateTech · UK | 2021 |
| BeeHero AgTech · Israel | 2021 |
| Bonsai Robotics AgTech · US | 2025 |
| Borealis Foods FoodTech · US | 2021 |
| Burro AgTech · US | 2021 |
| EarthOptics AgTech · US | 2024 |
| Ecorobotix AgTech · Switzerland | 2023 |
| Growers Edge AgTech · US | 2025 |
| Phytolon FoodTech · Israel | 2022 |
Cibus Fund IIPrivate Equity2021€473M4 assets1 exitsPrivate Equity2021 · 5yr€473M41
Unrealized
4 held| Company | Entry |
|---|---|
| Alba Trees Agriculture · UK | 2023 |
| PSB Produccion Vegetal Agriculture · Spain | 2025 |
| Vive Crop Protection AgTech · Canada | 2022 |
| Withcott Seedlings Agriculture · Australia | 2022 |
Realized
1 exit| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Believer Meats Biotech · Israel | 2021 | 2025 | – | – | – |
Cibus FundPrivate Equity2017€305M7 assets1 exitsPrivate Equity2017 · 9yr€305M71
Unrealized
7 held| Company | Entry |
|---|---|
| Amaretto Almonds Agriculture · Australia | 2018 |
| BlueNalu FoodTech · US | 2020 |
| Moleaer AgTech · US | 2019 |
| Saga Robotics AgTech · Norway | 2020 |
| The Kingfish Company FoodTech · Netherlands | 2020 |
| The Summer Berry Company Agriculture · UK | 2019 |
| Waitaki Biosciences FoodTech · New Zealand | 2021 |
Realized
1 exit| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Innoliva Agriculture · Spain | 2017 | 2023 | Trade Sale | Fiera Comox | – |
About Cibus Capital
Cibus Capital is a pure-play sustainable food and agriculture investor with more than $1 billion of cumulative capital raised as of December 2024 (Fund II vintage closed March 2024 at approximately $645 million combined: Cibus Fund II ~$510 million plus Cibus Enterprise Fund II ~$135 million), headquartered in London at 4 Sloane Terrace. The firm was founded in 2016 by Robert Appleby (ex-co-founder and joint-CIO of ADM Capital) and operates as a partner-owned independent investment advisor (Cibus Capital LLP advises the Cibus funds).
Investment thesis
Cibus Capital deploys capital through approximately four vehicles (Cibus Fund I and II, Cibus Enterprise I and II, Cibus Carbon plus the non-profit Cibus Foundation), targeting two core strategies: mid-market PE growth and buyout in food production and processing, and late-stage agrifood-technology venture and growth, plus newer natural-capital and carbon vehicles. Sector focus spans food production, food processing, agri-food technology, carbon sequestration and natural capital. Geographic deployment is UK and Europe core, expanding to US, Australia and New Zealand. The platform balances financial return with measurable environmental and food-system impact.
Recent activity
Recent realised exits include olive-oil and food production (2023, most recent disclosed exit), with limited 2024-2026 exit activity as the latest fund is in active deployment. Recent acquisitions include stone-fruit genetics and agri-food (2025), farming-robotics agri-tech and a majority stake in vegetable-production genetics (2025). The platform continues active deployment of Fund II across the sustainable food and agriculture mandate.
Frequently asked questions
- What investment strategy does Cibus Capital focus on?
- Cibus Capital focuses on Growth, Buyout, VC strategies in the private equity space.
- How many portfolio companies does Cibus Capital have?
- Cibus Capital has 21 active portfolio companies and 2 completed exits and 3 funds tracked on GP Intel.
- Where is Cibus Capital headquartered?
- Cibus Capital is headquartered in London, United Kingdom.
- What is Cibus Capital's assets under management?
- Cibus Capital manages approximately €920M in assets under management.
- When was Cibus Capital founded?
- Cibus Capital was founded in 2006.
- What sectors does Cibus Capital invest in?
- Cibus Capital invests across Consumer, Industrials, Software.
- What are Cibus Capital's recent exits?
- Recent realized exits by Cibus Capital include: Innoliva (2023) to Fiera Comox.
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