WILLAGRI
The recent fundraising of the startup Finres, amounting to 4.1 million euros, demonstrates the growing interest of investors in the agri-food sector. The agricultural transformation towards a system more suited to climate change and increased demand requires significant investments, the performance of which is difficult to measure.
The startup offers a platform that compiles data from various organizations involved in agricultural or food resilience programs. This AI-assisted insight should facilitate project analysis and reduce risk for investors.
Finres targets banks, companies, public institutions, as well as NGOs, enabling them to meet their obligation to assess financial and climate risks in the projects they support.
Florent Baarsch, the founder of the startup, previously worked as a researcher at the Potsdam Institute for Climate Impact Research before becoming an economist at the World Bank and the International Fund for Agricultural Development (IFAD). His startup has already secured 1.3 billion euros in investments across 32 countries, but its more ambitious goal is to reach 100 billion euros.
With its latest fundraising, Finres will expand its markets and position its ResADM platform as Data As a Service.
Source: Maddyness