#The lightsmith group software#
The company uses sensors and AI-powered software to provide customers with real-time, in-field data on crops, equipment, weather conditions and more. The system allows customers to schedule and plan their farming operations and to make adjustments. The company will use the new infusion of cash to further expand in both North America and South America.Īgtech has become a darling sector among investors after seemingly being an afterthought for years.
By Lynda Kiernan-Stone, Global AgInvesting Media. Until 2020, the sector had never reached the $2 billion investment threshold in any year, according to Crunchbase data. Sustainable private equity firm Lightsmith Group announced the final close of Lightsmith Climate Resilience Partners SCSp RAIF the first private equity fund of its kind focused on climate resilience and adaptation with 186 million in capital. However, in 2020 funding jumped and in 2021 it hit nearly $5.7 billion. Thus far this year, investment is at nearly $1.6 billion-less than last year’s pace, but overall another strong performance.
#The lightsmith group series#
The biggest round this year to date was raised by South San Francisco, California-based vertical farming startup Plenty-which closed a $400 million Series E. Investing in market-leading, scalable growth-stage businesses, whose technologies, products and services help to assess and manage the effects of climate change. Investors have said changes in how people think about food and advances in technologies-like sensors and wifi-have led to more money flowing into the agtech sector.įounded in 2007, Solinftec had raised nearly $87 million before this latest round. Existing investor Unbox Capital also participated in the round. Additional undisclosed investors are also participating in the round.The Lightsmith Group is the first private equity firm to focus on investing in resilience to climate change. Lightsmith is investing a global growth equity fund into companies with technologies and solutions that can help manage the impacts of climate change in areas like agricultural analytics, supply chain analytics, catastrophe risk modeling and weather analytics, digital mapping and geospatial information, resilient food systems, and water harvesting and management. Koh has over 20 years of experience in private equity and sustainable investment. NY-based PE Lightsmith Group led a USD60m round for Solinftec, a Brazil- and US-based farm analytics and operations management platform, with follow-on from Unbox Capital and Circularis Partners.Unbox Capital led a USD40m Series B in February 2020 Agfunder and TPG invested previously. Prior to founding Lightsmith in 2016, Mr. Koh held senior investment roles at Siguler Guff, R3 Capital Partners, and The Carlyle Group. Koh also served as Head of Investment Funds & Chief Investment Strategist at OPIC (now the US Development Finance Corporation), U.S. The Adaptation SME Accelerator Program (ASAP) aims to enhance the availability and uptake of climate adaptation solutions by. government’s $20 billion development finance institution. Koh chairs the Global Adaptation & Resilience Investment Working Group (GARI) and is on the board of NYSERDA and the advisory committee of the NY Green Bank. Magna cum laude in Economics from Harvard, a master’s degree in Management from Oxford, and a J.D.
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