Smith Agri International launches A$200m Australian timberland fund – exclusive
The firm is launching its first managed investment fund, a 10-year closed-ended vehicle targeting an IRR of 8-18% that will invest exclusively in Australian timberland.
$14.5m FarmWise Series A comes amid growing robotics interest in ag
FarmWise’s autonomous robots are already being used by customers to carry out weeding and the company plans to use the Series A funds to add further farming capabilities.
Texas TRS on farmland: ‘It’s becoming of interest to us again’
Texas TRS senior investment manager Carolyn Hansard says the $152bn pension is revisiting the farmland market, in part because land could compliment existing investments with Paine Schwartz.
11% of H1 Canadian VC investments go to agri: CVCA
Protectionism and increased scrutiny of foreign investment into the US encourage investors to look at Canada, as appetite for direct institutional investment also grows.
BlueOrchard nears halfway point on $100m fundraise
The InsuResilience Investment Fund offers public money on concessional terms that is designed to act as first-loss capital to help attract additional private investment.
Inari raises $89m Series C for seed tech
Chief executive Ponsi Trivisvavet says her management team’s agricultural backgrounds gives the company an understanding of where it should pursue disruption in the sector.
UK Export Finance’s $73m loan to help rehabilitate Angola’s cattle sector
Head of agency says there is a mismatch between the number of international companies interested in export credit in the country and lenders capable of operating there.
Agrivida seeks $20m for feed additives commercialization, research in Series F
Animal nutrition-focused company's chief executive says private equity firms are investigating opportunities to combine varied food and agtech investments.
FinDev Canada’s agri investments to mix fund and direct approaches
The development finance institution’s CIO says its focus on women’s economic empowerment means it will incorporate a broader view of female executives’ backgrounds and experience when evaluating funds for potential investment.
Butterfly to devote 10% of fund’s net profits to food philanthropy – exclusive
Co-founders Adam Waglay and Dustin Beck say donating a portion of profits from KKR spinout's $520m debut fund will help it to deepen connections in the food industry.
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