The asset manager said impact-oriented investment in public equities, in addition to private markets, is needed to tackle global social and environmental challenges.
Investors said the technology, which measures and interprets electrical signals from plants to assess their health, will improve farming sustainability and profitability.
The fund hopes to attract further commitments from local government pension funds, as the sector is encouraged to direct more investment into local communities.
The fund will invest in early-stage healthtech startups. It plans to bring scale through its partnerships with a variety of different health organisations around the world.
A panel of young people will contribute to the selection of a winning portfolio of investments that prioritise positive social and environmental impact for young people and future generations.
The decarbonisation-focused fund has landed British International Investment as an anchor investor, alongside family offices, fund-of-funds and corporate venture firms.