Pula secures seed funds to offer small farmer insurance

InspiraFarms raises €2.5 million to help preserve harvested crops

  • Second slug… The €2.5 million ($3.1 million) raise is additional to the company’s €1.65 million raise ($1.78 million at the time) a year ago.
  • The combined financing was backed by... Paris-based Energy Access Ventures, PYMWYMIC, Factor(E) Ventures, and the Doen Foundation and the Montpelier Foundation.

Olam’s $500 million club loan shows bankers will back sustainable agriculture

  • The incentives... The banks will cut Olam’s interest rate if the food supplier hits dozens of ESG targets, as measured by Sustainalytics.
  • Major banks crowded in... The 15 major Asian and European banks, led by BNP Paribas and ING Bank pooled their equal shares.
  • Putting a price on sustainable improvements… Loans like Olam’s show major banks are setting a price for environmental and social performance improvements.