Waterfund offers USD 50 Mn to agtech & water portfolio of OutCrowd

Date: 2021-03-23   Author: Pankaj Singh  Category: #news

Waterfund offers USD 50 Mn to agtech & water portfolio of OutCrowd

  • The two companies have also collaborated for developing a water-centric platform Aquantos that will potentially publish Blue Bonds, which can prove beneficial to oceans

Waterfund, a trading and investment company that specializes in managing and acquiring infrastructural assets related to water, has reportedly signed a deal with OutCrowd, a crowdfunding platform based in Israel.

This deal includes Waterfund’s commitment of around USD 50 million for building an agtech and water-centric portfolio which consists of 15 companies. The first of these strings of investments will be offered to a vertical farming startup called Plenty.

Additionally, the two companies have partnered for a water-focused project named Aquantos. This platform emphasizes on issuing the Blue Bonds and other such financial products that are associated with the water industry.

The idea of Blue Bonds is still in its nascent stage when compared to Green Bonds- that focusses on eco-friendly projects-which has been around for over ten years. This Blue Bonds initiative will prove beneficial for maintaining the ecological balance of oceans.

Scott Rickards, CEO of Waterfund, has apparently stated that the company is looking forward to issuing the Blue Bonds that can be supported by sub-sovereign or sovereign borrowers as well as be certified by climate bonds.

He further added that this new financial tool is developed to allow Middle Eastern water projects to obtain advanced leading technologies that can address water scarcity in a fundamental and fresher manner. 

The CEO has argued that a dearth of private capital has restrained innovations in the water industry. But this new collaboration brings debt and equity financing opportunities which will help in making that change, he commented.

Meanwhile, OutCrowd presently has around USD 1.5 billion of committed funds and has invested in over 250 companies. Companies like Beyond Meat, Jump Bikes and Lemonade are some of the beneficiaries of the funding.

OutCrowd has also invested in numerous agtech startups and the company collaborated with Sprout Agritech, one of the companies in their portfolio, on November 2020. This partnership was established to start a new agtech accelerator in New Zealand.

Source Credits:


About Author

Pankaj Singh linkdin-boxtwitter

Pankaj Singh

Pankaj Singh Develops content for Algosonline, Market Size Forecasters, and a couple of other platforms. A Post Graduate in Management by qualification, he worked as an underwriter in the UK insurance domain before deciding to switch his field of profession. With exp...

Read More

Post Recommendents

Commercial Aircraft Video Surveillance Systems Market Outlook | Development Factors, Latest Opportunities and Forecast 2026

Author: Partha Ray


As per Commercial Aircraft Video Surveillance Systems market report, product, applications are poised to generate substantial revenues over 2021-2026. Also, insights about the aftermath of Covid-19 on industry trends are given.

Global Commercial Avionics Systems Market - Detailed Analysis of Current Industry Figures with Forecasts Growth By 2026

Author: Partha Ray


Alongside the Covid-19 impact on Commercial Avionics Systems market, the business intelligence report elaborates on the competitive outlook, with information about product offerings of major vendors.

The research report ...

Key Management as a Service Market Size, Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts to 2026

Author: Partha Ray


Key Management as a Service market report elucidates the recent trends in the industry space with respect to various segments, and region, alongside thorough scrutiny of Covid-19 impact.

The research report on Key Manage...