The private equity firm’s capital for the investment comes from its China Growth Fund.
SWIIM says its auditing and planning software will help growers manage and trade scarce water resources, and could even kick-start self-regulation.
The private equity firm moves into agriculture, while keeping its wider focus on data and technology.
Blue Road will also seek co-investment capital before its target closing date in March 2016. The fund's first investment was the National Pecan Company.
The Swedish investment firm sells farming company Rolnyvik but holds on to agri investments in Russia.
The company hopes to use the funding to expand into pharmaceuticals and enter markets outside the US.
The Jersey-based Consilium Strategic Land Fund is wants to move quickly to purchase lands in the South East, including agricultural and land parcels and properties.
Investors are waiting for a new 5-year plan to be approved before acquiring foreign assets, Hendriks tells Reuters.
AGR says the new office will focus on new agribusiness opportunities in the United States.
The New York Stock Exchange-listed REIT expects the acquisition to boost annual revenues by $6m.