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RG-Q0057 : Agtech for Inclusion and Sustainability: SP Ventures Regional Fund (Agventures II)

Project Status: Implementation

This investment has the objective of supporting the first regional agtech-focused fund Agventures II, to be managed by SP Ventures, an experienced agtech-focused venture capital fund manager. By establishing the fund, the project will support the consolidation and scaling up of innovative agtech early stage companies (SMEs) that will develop technologies to offer productivity, market, and environmental solutions for the agricultural sector in Latin America especially to the Small and Medium Sized Farmers to generate environmental benefits related to climate change, land degradation, and chemicals and waste.

Project Detail

Project Number
RG-Q0057
Approval date
March 17, 2022
Project Country
Regional
Project Sector
AGRICULTURE AND RURAL DEVELOPMENT
Project Subsector
AGRICULTURAL TECHNOLOGY ADOPTION
Project Type
Equity
Project Lending Type
NSG
Project Modality
Project Facility Type
Project Status
Implementation
Operation Number
EQU/FM-19206-RG

Financial Information

Project Number
RG-Q0057
Project Status
Implementation

IDB Financing

Financing type
EQU
Fund
IADB/GEF Trust Fund
Reporting currency
USD - United States Dollar
Reporting date
Sep/28/2022

Roles & Responsibilities

Project Information

Total Cost
USD 60,000,000
Country counterpart financing
USD 55,000,000
Amount
USD 5,000,000

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