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
Country
Regional
Project Number
RG-Q0057
Approval Date
March 17, 2022
Project Status
Implementation
Project Type
Equity
Sector
AGRICULTURE AND RURAL DEVELOPMENT
Subsector
AGRICULTURAL TECHNOLOGY ADOPTION
Lending Instrument
Instrumento del Fondo Multilateral de Inversiones
Lending Instrument Code
MIF
Modality
-
Facility Type
-
Environmental and Social Impact Category (ESIC)
-
Total Cost
USD 63,300,000.00
Country Counterpart Financing
USD 58,300,000.00
Original Amount Approved
USD 5,000,000.00