Fonterra is a New Zealand dairy cooperative with a corporate venture capital arm (currently operating as Ki Tua Fund) that invests in startups combining science, nutrition, and technology. The CVC was originally established as Fonterra Ventures in 2016, later evolving through Nutrition Science Solutions to the current Ki Tua Fund, which manages over $100 million and focuses on human health, food, agriculture, and climate innovation.
Their most common stage is series-a (50% of deals). Average disclosed round size is $102.4M (across 5 rounds with reported amounts).
Portfolio
5
Fund Size
$100M
Top Stage
Series A
Last 12 Mo
0
Team
Bill Liao
Independent Director, Chairman
Komal Mistry-Mehta
Director
Rodolphe Barrangou
Independent Director
Brian Fu
Brian is passionate about investment and being part of business journeys from ideation and inception to thriving commercial success.
Rachel Resek
Based in San Francisco, Rachel leads Ki Tua Fund’s USA deal flow and investments and is an investor in the food and agriculture sectors.
Ranjani Varadan
Ranjani supports Ki Tua Fund’s scientific and technical diligence, bringing an external lens to challenge and drive our investment thesis and strategy.
Hamish Gowans
An experienced business builder
Jeremy Hill
Professor Jeremy Hill, Chief Science and Technology Officer at Fonterra
Paul McJarrow
Paul leads Ki Tua Fund’s development of best practices in scientific and technical due diligence and knowledge capture and disbursement within Fonterra.
Sneha Chatterjee
Sneha is involved with scoping new deal flow and conducting due diligence.
William Robertson
William supports Ki Tua Fund’s deal flow, pipeline and due diligence process
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
Portfolio
| Company | Round | Amount | Date |
|---|---|---|---|
 Vivici | Seed | — | Aug 2023 |
| MMotif Foodworks | Series B | $226M | Jan 2021 |
 Yfood | Series B | $16M | Apr 2020 |
| GGingko Bioworks | Series A | $90M | Feb 2019 |
| MMotif Ingredients | Series A | $90M | Feb 2019 |
| MMotif Foodworks | Series A | $90M | — |
Top Co-Investors
Last updated: 19 September 2026