Israel’s Agritask closes $8.5m Series A to advance farm data in frontier markets
Agritask’s platform is versatile enough that it can be used by smallholder farmers in emerging markets too, farmers whose livelihoods are jeopardized by climate change and who often lack access to insurance protection. It’s for this reason that the InsuResilience Investment Fund led Agritask’s $8.5 million Series A funding round.
The InsuResilience Investment Fund is a collaboration between German development finance institution KfW and Swiss impact investor BlueOrchard to “contribute to the adaptation to climate change by improving access to and the use of insurance in developing countries.” The fund, which was launched in 2015, makes both debt and equity investments. Its equity portfolio includes six companies, including others in the agriculture sector, like UK-based Royal Exchange and India-based Skymet Weather Services.
The InsuResilience Investment Fund backed Agritask to support the company’s reach among smallscale farmers in frontier markets.
Read full brief at this link (AgFunder 2019)