Ultimately, the firm plans to help address the 20 billion pounds of produce that goes to waste each year due to surplus or cosmetic reasons.
The infusion of capital will support efforts to commercialize carinata as a sustainable feedstock for bio jet fuels and animal feed.
With commitments from four new investors – among them AXA and KBC – the impact investor has raised a total of $140m for its agRIF fund.
New Hampshire-based Conservation Forestry raised $269m for its fourth fund, with European pensions playing a key role, according to chief operating officer Paul Young.
The board of the $14.8bn pension approved Townend’s recommendation to expand its real assets portfolio to include agricultural investments.
The funds will help fund a new US headquarters, boost production at Inocucor's Montreal pilot production and R&D facility, and increase staff.
The NGP Capital-spin out has raised just over half of its $750 million target on its second fund, according to a recent SEC filing.
The Agribusiness Latin America II Fund has raised $349.05m and is understood to target annual returns of more than 20 percent by focusing on mid-market food and agribusinesses across Latin America.
Cool Planet's products nurture beneficial microbes in soil to help retain water and keep nutrients in the root zone for a longer period of time.
The funding supports FarmLead’s expansion into the US market through the upcoming opening of its US headquarters in Chicago.
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