The European Investment Fund (EIF – subsidiary of the European Investment Bank Group) has signed a commitment of 20 million euros in the MiiMosa Transition Fund n°1, the first investment fund created in 2021 and dedicated to the agricultural transition.
Founded in 2015 by Florian Breton, MiiMosa is a financing platform dedicated to the transition of the agricultural and food sector towards sustainable economic models. The company has supported 5,000 projects in 7 years with €70,000,000 in financing (achieving a 10-fold increase in 3 years), a world record for a sector-based platform.
The MiiMOSA Transition #1 fund aims to accelerate the transition of SMEs, mostly French, active in the agricultural and agri-food sector towards sustainable economic models; meet the major challenges of the 21st century: climate, biodiversity and food sustainability. MiiMosa transition #1 has invested in agricultural projects such as Le Domaine de Blanville, a Languedoc vineyard which wishes to convert several hectares to organic farming and Scea Valy, a Breton tomato company, in order to acquire a cogeneration unit to maximize their energy efficiency and reduce their carbon footprint.
With the new subscription from the EIF, the Fund reaches a total of available commitments of 30 million euros, against a financing target of 50 to 60 million euros.
Alain Godard, CEO of Fei, said: “Thanks to this investment, small and medium agricultural enterprises will benefit from the means to carry out their ecological transformation and their climate transition”.
Florian BRETON, CEO and Founder of MiiMOSA, added: “The creation of our own private debt fund marks the beginning of a new phase in the expansion of MiiMOSA and its mission: to accelerate the agricultural transition. It is the first time in the history of European agriculture that a fund like this has been created to finance farms. We are extremely pleased to collaborate with the European Investment Fund for this unprecedented launch.
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EFA News – European Food Agency