ImpactAlpha, February 21 – Under a new agreement with a pair of development finance institutions, agriculture financier Root Capital is eligible for up to $1 million in incentive payments on loans it makes to high-impact agribusinesses in Colombia, Costa Rica, Guatemala, Honduras, Mexico, Nicaragua, and Peru. Already Root has deployed loans eligible for the payments to farmer organizations
- Bamboo’s investment will serve as first-loss capital to encourage follow-on funding from other investors.
- The Masiyiwa Rural Challenge Fund will originate loans of $1,000 to $10,000 to businesses based in or serving rural areas in Zimbabwe.
- Cost-reduction, year-round availability and food-system resilience are driving demand for food produced in ‘controlled environments,’ aka greenhouses with high-tech features.
- The Toronto-based arm of Engineers Without Borders has invested an undisclosed amount in Kenyan startup FarmDrive, which offers digital loans to smallholder farmers.
- Indian agtech venture AgNext Technologies raised the funding from early stage tech investor Kalaari Capital and impact investor Omnivore.
- "Increased environmental regulation, rising consumer demand for plant-based food, and fears over water pollution from intensive farms are all ingredients in the rising threat to the long-term value of the fast food multinationals,” said Alice Evans of BMO Global Asset Management, with $260 billion under management.