The biggest round this year to date was raised by South San Francisco, California-based vertical farming startup Plenty-which closed a $400 million Series E. Thus far this year, investment is at nearly $1.6 billion-less than last year’s pace, but overall another strong performance. However, in 2020 funding jumped and in 2021 it hit nearly $5.7 billion. Until 2020, the sector had never reached the $2 billion investment threshold in any year, according to Crunchbase data. The company will use the new infusion of cash to further expand in both North America and South America.Īgtech has become a darling sector among investors after seemingly being an afterthought for years. The system allows customers to schedule and plan their farming operations and to make adjustments. The company uses sensors and AI-powered software to provide customers with real-time, in-field data on crops, equipment, weather conditions and more. Solinftec’s digital farm operating system helps manage more than 27 million acres in Brazil, the US and across Latin America. The company-with dual headquarters in both São Paulo, Brazil and West Lafayette, Indiana-raised a $60 million growth round led by the Lightsmith Group. 07814293 Our EventsĪfter a record year of funding in 2021, Solinftec is the latest agtech startup to lock down a sizable round this year. Our goal is to promote diversity and inclusion, with particular effort to phase out all-male speaker panels to ensure balanced representation and promotion of women in technology and business.įor more information about Rethink, visit Įmail: Registered in England & Wales No. We are committed to providing the world-leading platforms for knowledge-sharing, debate and networking for business leaders, featuring the leading experts and gamechangers from across the global ecosystem. Through our global network of industry advisors, we produce highly-focused, topical summits which gather all the right people together in one room to share ideas, find solutions and identify new business opportunities. Rethink summits are created by experts in the agri-food, water, and waste tech industries to address the issues most crucial to investors and developers in these sectors. The fund's operational guidelines will provide for environmental and social due diligence of investee companies according to guidelines acceptable to the Bank.Head of Business Development – +44 (0)1273 789989 Proposed EIB finance (Approximate amount)ĮUR 5 million Total cost (Approximate amount) The Fund, domiciled in Luxembourg, has a target size of USD 250m and is managed by Lightsmith Resilience Partners. The fund aims to provide growth equity to private companies - especially in the African, Caribbean and Pacific group of States (ACP) - developing climate change adaptation and climate-resilience solutions, particularly for the benefit of developing countries and their vulnerable populations and livelihoods. The investment is made under the Luxembourg-EIB Climate Finance Platform trust fund. The project consists of an investment fund financing climate change adaptation and climate-resilience solutions promoted by private companies in or for the benefit of develloping countries. Reference: 20180513 Release date: 12 December 2018 Promoter – Financial Intermediary
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