The raise, joined by DBL Partners and Kleiner Perkins Caulfield & Byers, brings funding for the data sharing and inputs procurement company to $48m.
Annette Wilson has left the firm, which closed an oversubscribed €850m fund in June 2015.
The agri-focused investment firm has already contracted A$38m in water entitlements for an ASX-listed company.
Bunge has acquired two of Cargill's processing plants in order to build its presence in Europe's protein value chain.
The manager made 3x on its investment in Tyrrells potato and vegetable snacks, which it sold to the owner of SkinnyPop popcorn.
The firm is seeking to raise funds from institutional investors for the first time, after raising its first two funds from family offices.
The fund aims to support growth in Nigeria's agriculture sector through quasi-equity deals.
The firm is thought to be targeting $300m for Silverlands Fund II, following the first Silverlands fund which focused on assets that would act as "hubs" in central Africa.
A USDA report finds production costs are falling, but inputs have grown as a percentage of revenues.
Arise will provide growth equity and target financial service providers working with rural communities in 20 sub-Saharan countries.