Softbank Vision Fund 2 led a $40m Series B round in Apollo Agriculture.

Softbank Vision Fund 2, a venture capital fund, led a $40m Series B round in Apollo Agriculture, a company which helps farmers access high-quality farm inputs, financing and markets, plans to double the number of farmers, with participation from Chan Zuckerberg Initiative, Yara Growth Ventures, Endeavor Catalyst, CDC, Anthemis Exponential Ventures, Flourish Ventures, Leaps by Bayer, SBI, Breyer Capital and TO Ventures Food. “In the face of sustained macroeconomic and geopolitical volatility, feeding the world is one of the most important challenges facing society. Apollo’s platform offers a one-stop-shop solution to help small-scale farmers in emerging regions to improve crop and livestock outputs. Embedding valuable financial services like credit, insurance and advice into the supply chain is critical in supporting a more efficient and sustainable global food chain,”Alexia Yannopoulos, Softbank Investment Director.