The loan will enable the Wagagai farm, recently acquired by Selecta one, to develop its business and maintain its role as a hub for social initiatives.
Investors said the technology, which measures and interprets electrical signals from plants to assess their health, will improve farming sustainability and profitability.
Nine countries have backed the Brazil-led RAIZ accelerator that aims to galvanise public and private sector investment for the restoration of degraded farmland.
The initiative, which is being driven by Asian carbon project developer Varaha, will support the transition of over 337,000 smallholder farmers toward regenerative practices.
Mirova has also announced a €10m investment into regenerative agricultural startup ReGeneration, aiming to help French and Belgian farmers transform agricultural practices towards more resilient models.
The inaugural World Bank-hosted funding from the Global Agriculture and Food Security Program is set to unlock $200m in lending for smallholder farmers across five African countries to help bolster food security and resilience to climate change.
A report from environmental NGOs and food policy groups says tackling greenhouse gas emissions from livestock should be high on the agenda at the climate summit in Brazil.
The investment brings total assets under management to around $95m, which will be used to support SMEs in developing countries working in the fields of renewable energy and sustainable agriculture.
The Swiss impact asset manager made its first climate infrastructure investment in Latin America and also provided funding to one of Southeast Asia’s leading fruit processing and export companies.
Rock Flour Company has raised €6.1m in a seed round led by the Export and Investment Fund of Denmark and Novo Holdings for its carbon removal and regenerative agriculture solution using Greenlandic rock flour.