Triodos Food Transition Europe Fund has acquired a minority equity stake in MiiMOSA, the largest crowdfunding platform dedicated to agriculture and food in France and Belgium. MiiMOSA will use the new long-term capital to scale its rapidly growing business. Existing investors in MiiMOSA, including AlterEquity, InVivo and Quadia, also participated in this capital round.
MiiMOSA is radically improving access to capital for many sustainable farmers and food producers who were locked out of or struggled to access the conventional banking system in France. It offers (sustainable) farmers a tech-enabled, efficient and fast underwriting and disbursement process and connects them to a large and like-minded community of potential customers and corporate partners. Projects are reviewed for their impact and visited by the team to make sure the risk and impact is appropriate for their finance.
Founded in 2015 by Florian Breton (CEO), MiiMOSA has supported over 6,000 projects in seven years with almost USD 100 million of funding, both grants and loans. With a user base of over 400,000 members, MiiMOSA provides the opportunity to a substantial number of people to finance sustainable projects.
“MiiMOSA has the right strategy, positioning and management to address the demand for rapidly available funding in the sustainable agriculture space, in France and beyond in Europe. By doing so, it creates a lasting community of like-minded consumers, producers and distributors. This makes MiiMOSA a perfect fit for our fund and we are very much looking forward to being part of their exciting journey of growth”, says Farah Chams, Senior Investment Manager at Triodos Investment Management.
Founder and CEO of MiiMOSA Florian Breton: “The last two years have once again highlighted the fundamental role of the agricultural sector and the urgency of the societal, economic and environmental challenges it faces. I am very proud to continue to address them, alongside the globally recognised leader in impact investing.”
Through the financing of the transition of agriculture and the food sector, MiiMOSA addresses 15 of the 17 Sustainable Development Goals (SDGs) defined by the United Nations.
More information about MiiMOSA is available on their website.