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The Acumen Resilient Agriculture Fund launched for African agribusinesses

| Sectors: Agritech, food security, climate resilience
| Granting entities:The Acumen Resilient Agriculture Fund
| Deadline: N/A
| Type of support: Investment
| Funding/benefits: $58 million
| Applicants: African agribusinesses
| Locations: Africa

Synopsis: The Acumen Resilient Agriculture Fund (ARAF) closed on June 30 at $58 million. This first-of-its-kind equity fund provides critical capital to support African agribusinesses that help smallholder farmers adapt to climate change. Sponsored by Acumen and anchored by Green Climate Fund (GCF), the fund is supported by the Dutch entrepreneurial development bank (FMO), the Soros Economic Development Fund, the French development institution PROPARCO (through FISEA+, the AFD Fund advised by PROPARCO), the Children’s Investment Fund Foundation, IKEA Foundation, Global Social Impact, and other respected investors and funders. The fund is managed by Acumen Capital Partners, a wholly owned subsidiary of Acumen. 

More information on article here.

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