Key Takeaways
- Capagro Fund II has surpassed €115 million in commitments, bolstered by a major investment from the Environmental et Solidarity Revolution Fund.
- Additional investors include UMR Retraite, the Habert-Dassault Fund, and returning sponsor Tereos, among others.
- Capagro’s investment strategy focuses on innovative and impact-driven agrifood startups, with its first investments in Cuure and Agriodor.
- The fund aligns with sustainable investment criteria, classified as “Article 9” under the EU SFDR regulation, and complements Capagro’s B-Corp certification.
Capagro Expands Resources for Sustainable Innovation
Capagro, a European AgTech and FoodTech investment fund, has announced the expansion of its Fund II, which now exceeds €115 million in commitments. The fund’s latest milestone is marked by significant backing from the Environmental et Solidarity Revolution Fund, financed by Crédit Mutuel Alliance Fédérale, alongside new institutional and family-office investors.
The fund aims to support startups that offer innovative solutions to challenges in agriculture and food production, with a focus on sustainability and financial viability.
First Investments in Cuure and Agriodor
Capagro Fund II has already initiated investments in two startups:
- Cuure, a personalized supplements company operating in Europe.
- Agriodor, a platform focused on sustainable semiochemical crop protection.
These initial investments align with the venture fund’s strategy to support early-stage companies in the agrifood sector that demonstrate both innovation and measurable impact.
Commitment to Sustainability and Impact
The Environmental et Solidarity Revolution Fund’s involvement underscores Capagro’s emphasis on sustainability, as reflected in its classification as “Article 9” under the EU Sustainable Finance Disclosure Regulation (SFDR). Capagro also holds B-Corp certification, further solidifying its focus on social and environmental impact.
Sabine Schimel, CEO of Crédit Mutuel Impact, commented: “Capagro’s mission aligns perfectly with the Environmental and Solidarity Revolution Fund’s investment strategy to support the scale-up of impactful and disruptive technologies. We are delighted to partner with Capagro and support their mission to generate sustainable impact in the agrifood system.”
Leadership and Vision
Capagro has positioned itself as a leader in sustainable AgrifoodTech investment, attracting both new and returning investors. Jean-Philippe Puig, Chairman of Capagro and CEO of Avril, stated: “Together with BPIfrance and Tereos, we, as sponsors of Capagro II, are happy to see the increasing interest from investors in our sector-specific approach focused on early-growth AgrifoodTech. These further investments will enable the transformation of the agrifood industry into a more productive, competitive, and sustainable sector.”
Tom Espiard-Cignaco, CEO and Managing Director of Capagro, added: “We are thrilled to welcome the Environmental and Solidarity Revolution Fund and the recent other investors in our journey towards a better future. Their support validates Capagro’s investment strategy and open-innovation platform, which yields impact as well as strategic and financial value to our investors.”
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