Binyamin Ali
Despite all the buzz around the benefits of regenerative farming practices, there have been few private market vehicles dedicated to supporting the transition. That could be about to change.
The trio have teamed up to accelerate and scale regenerative farming practices with a €1bn impact fund that will invest in the enabling process.
The round overtakes Future Meat’s $347m 2021 Series B as the biggest yet from the cultured meat industry and comes at a time of increasing momentum and interest.
The firm has linked 100% of its carry to hitting impact goals and will invest in sustainable companies across the food value chain in the OECD.
A product of the Environment Act 2021, biodiversity net gain credits are the latest in a line of natural capital benefits to which governments have attached a monetary value.
The firm has partnered with utilities multinational Engie to become a founding shareholder in The Shared Wood Company.
The firm is working on two strategies – one for institutional investors that will target farmland and timberland assets, and one that will focus on corporates and their carbon offset needs.
The asset class has had another largely positive year as multiple tailwinds have given the industry much momentum for attracting investors.
The alternative protein start-up has taken its total capital raised to $2bn since being founded in 2011 and raised $700m in 2020.
Dr Elaine Mitchell’s work at the Queensland University of Technology focuses on soil carbon and she will play a leading role in the firm’s regenerative farming practices.
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