SP Ventures’ Post

SP Ventures makes first close of new fund for ClimateAg Solutions with $22 million, backed by AGCO, FMC, and others In a challenging year marked by high interest rates and credit risks, SP Ventures has successfully closed the first round of its third fund, AgVentures III, with US$ 22 million raised from a diverse group of investors, including major agro corporations, family offices, and individual investors. The fund's goal is to reach US$ 80 million, with additional fundraising rounds planned quarterly. Notable anchor investors include AGCO, FMC, CHECK24, OCP, and Fundea, along with several individual investors from previous SP Ventures portfolio companies. Francisco Jardim, partner at SP Ventures, highlights the success of the first fundraise as a reflection of the team's track record and expertise. The fund will focus on ventures across Latin America, with key sectors such as agfintechs, climatechs, traceability, and green finance poised for growth. SP Ventures continues to drive innovation in agtech, with a strong commitment to supporting the future of agriculture in Latin America. #SPVentures #AgTech #VentureCapital #Innovation #AgFintech #ClimateTech #Sustainability #spventuresteam Francisco Jardim, Felipe Guth, Alexandre Stephan, Ariadne Caballero, Felipe Romano, Pedro P. Corrêa Jábali, Rebecca Aguiar, Juliana De Podestá, Vanessa B., Renata Fernandes