ImpactAlpha, April 6 – Hundreds of millions of smallholder farmers in East Africa are facing not only COVID, but also the worst locust swarm in decades. Most of their farmland is uninsured; when they lose crops, they lose income. Netherlands-based agtech company VanderSat uses satellite data to analyze farmland conditions using microwaves, rather than images.
The funds have at least $2.6 billion in capital to invest in firms and projects generating revenue from tropical forestry and agriculture products and benefiting smallholder farmers and forest-dependent communities.
Kenya-based Komaza is working to fight deforestation by partnering with smallholder farmers to plant trees and practice sustainable wood harvesting.
Global Alliance for Improved Nutrition has partnered with Incofin Investment Management to create the Nutritious Food Financing Facility to help overcome gaps in financing for small and medium-sized enterprises operating along nutritious food value chains.
Cargill and the Walton Family Foundation are backing a pay-for-success funding initiative to encourage Iowa's soy farmers to invest in soil health improvements and water conservation.
Sequoia India led the company’s $12 million Series A round, backed by Dutch development bank FMO, Omnivore and AgFunder.
"Farmers are at the front line of the climate crisis," says Planet FWD's Julia Collins.