AGCO Ventures manages AGCO’s venture capital funnel and
process for technology sourcing, M&A, strategic investments,
incubation and public research partnerships. The group actively
connects AGCO’s business needs with industry and market
perspectives to identify investment and engagement opportunities
in corporate venture funds, start-up companies, incubators,
accelerators, higher education and research institutions.
AGCO is focused on farmer-first solutions that take fewer inputs and create more yield with innovative technology. Bringing greater sustainability to the crop cycle is a key driver of our work. Labor shortages are a major obstacle to farmers’ ability to operate within narrow work windows. There is increased pressure on farmers to feed a growing population with extensive headwinds. AGCO’s goal is to bring full crop cycle autonomy to the market by 2030. To get there, it will take extensive development and investment in technology and sustainable solutions.
AGCO Ventures supports the accelerated development of critical capabilities and competencies in the following strategic areas to support farmers worldwide:
We collaborate with leading innovators to finance, nurture and accelerate commercialization of products and services that solve critical challenges for the agricultural industry – both today and in the future. We aim to cultivate mutually beneficial relationships, providing the capital, mentorship, and market access required to build viable, scalable, and sustainable business models. AGCO Ventures is the partner of choice for entrepreneurs seeking to serve all farmers and accelerate sustainable food production, adding unique value by contributing AGCO’s core capabilities:
Company of 30+ leading brands
in agriculture committed to
exceptional customer experience
Global distribution with over
4,000 Technology Points of Sale
in 180+ countries
Over 60,000 IOT-equipped
machines serving digitally-connected
Get in touch with us by emailing us at AGCOVentures@agcocorp.com
The AGCO Ventures team works cross-functionally and globally, combining deep industry and technical experience to support our corporate strategic goals and foster innovation.
Mark Theuerkauf is Director, Fuse Go-To-Market and Precision Ag & Digital M&A and AGCO Ventures. He is responsible for the Fuse brand of precision agriculture and connected services for both its go-to-market activities and growing dealer channel capabilities. In addition, he has the responsibility for merger and acquisition and venture investing in early start-up opportunities. Mark has led several critical acquisitions in the areas of machine optimization, telemetry hardware and electronic & software platforms for autonomous machines. Prior to joining AGCO, Mark has worked for other major off-road original equipment manufacturing (OEM) companies in a wide range of global senior leadership roles that have included both software product management and product development of software applications and related hardware to enable end-to-end digital connectivity between onboard and offboard applications. He has extensive experience with taking to market technologies specific to precision agriculture on a global scale. He is passionate about improving the end-user experience to ensure they realize the value and efficiency gains expected.
Alex Russomagno is the Senior Manager of Strategic Engagement for AGCO Ventures, responsible for sourcing investment and partnership opportunities, executing transactions, and managing relationships with the venture community and portfolio companies. Before joining AGCO, Alex was a Senior Manager at Apeel Sciences, holding positions in Product Management, Commercialization and Strategic Planning & Analysis. Prior to joining Apeel, Alex worked at Bank of America (BAC) focusing on strategic principal investing in early- and growth-stage technology companies. In addition to the due diligence, market analyses and deal structuring, she managed ongoing relationships with portfolio companies to support performance and long-term strategic alignment. Alex has a Master of Business Administration from University of California, Berkeley, Haas School of Business, with certificates in Food Systems and Sustainability. She has an undergraduate degree from Villanova University with a major in Finance.