The farming-focused venture fund has attracted Groupama, Agromousquetai, Isagri, InVivo and LSDH for the second close of its fund.

France-based, farming-focused venture capital fund Capagro Innovation reached a €124m ($146m) second close yesterday, following a €66m second tranche featuring corporates Groupama, Agromousquetai, Isagri, InVivo and LSDH.

Insurer Groupama, agribusinesses Agromousquetaires and InVivo, agricultural software provider Isagri and liquids packaging producer LSDH committed capital alongside financial services firm Crédit Agricole and French state-owned investment bank Bpifrance.

Capagro Innovation invests in growth-stage, market-ready businesses in farming-related sectors such as agriculture, agro-economy, agri-food, nutrition and bioenergy.

Following the second close, the fund…