US Nonprofit Targets Agritech Startups in $1.5 Billion Plan
- Acumen plans to help shield small farmers from climate change
- Company to commit $300 million, mobilize $1.2 Billion
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A US nonprofit is aiming to mobilize $1.5 billion to invest in startups that focus on agricultural adaptation across the developing world by 2030.
Acumen — which has invested in a range of companies across sectors including health, education and off-grid solar power since 2001 — said it’s committed to finance $300 million of the amount itself and mobilize another $1.2 billion.