ATB Financial has contributed the final dollar to The51’s $51-million Food and AgTech Fund, which closed after nearly four years of fundraising. This fund, The51’s first sector-specific initiative, aims to invest in diverse founders in food and agriculture technology at pre-seed to Series A stages. Initially targeting $25-30 million, the fund expanded due to increased investor interest. In October 2023, it was also one of five recipients of $25 million from the Canadian government’s Venture Capital Catalyst Initiative. The51 anticipates average investments of about $750,000 per startup, having already invested in Synergia Biotech.