{"id":76903,"date":"2023-04-10T02:00:43","date_gmt":"2023-04-10T02:00:43","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/04\/10\/agritech-fund-bidra-secures-usd-200-mn-from-um6p-to-back-climate-focused-startups\/"},"modified":"2023-04-10T02:00:43","modified_gmt":"2023-04-10T02:00:43","slug":"agritech-fund-bidra-secures-usd-200-mn-from-um6p-to-back-climate-focused-startups","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/04\/10\/agritech-fund-bidra-secures-usd-200-mn-from-um6p-to-back-climate-focused-startups\/","title":{"rendered":"Agritech fund Bidra secures USD 200 mn from UM6P to back climate-focused startups"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>Bidra nets funds for sustainability, energy transition:<\/strong> US-based agritech fund <a href=\"https:\/\/www.bidra.vc\/\">Bidra<\/a><a href=\"https:\/\/www.bidra.vc\/\">Innovation Ventures<\/a> has secured USD 200 mn in funding from Morocco\u2019s Mohammed VI Polytechnic University (UM6P) and leading Moroccan fertilizer giant OCP Group to back climate-focused startups, according to a <a href=\"https:\/\/www.businesswire.com\/news\/home\/20230405005216\/en\/\">statement<\/a> released last week. The latest funding round comes a year after the same investors backed Bidra with a USD 50 mn fund focused on agriculture.<\/p>\n<p><strong>Where the funds are going:<\/strong> The funds will be used to expand Bidra\u2019s investments in energy, water, mining, and agriculture, the statement notes. This is part of OCP Group\u2019s green investment strategy that was announced late last year with a USD 13 bn commitment over the next four years to help achieve carbon neutrality by 2040, the statement added.<\/p>\n<p><strong>It comes on the back on key investments in 2022:<\/strong> Bidra made investments in a number of agritech startups globally including India\u2019s <a href=\"https:\/\/niqorobotics.com\/\">Niqo Robotics<\/a>, Africa-focused environmentally-friendly crop protection product maker <a href=\"https:\/\/www.agrospheres.com\/\">Agrospheres<\/a>, soil analysis startup <a href=\"https:\/\/www.pattern.ag\/\">Pattern Ag<\/a>, Kenya-based agri-marketplace <a href=\"https:\/\/www.apolloagriculture.com\/\">Apollo Agriculture<\/a>, and carbon sequestration business <a href=\"https:\/\/www.travertinetech.com\/\">Travertine<\/a>, the statement said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bidra nets funds for sustainability, energy transition: US-based agritech fund BidraInnovation Ventures has secured USD 200 mn in funding from Morocco\u2019s Mohammed VI Polytechnic University (UM6P) and leading Moroccan fertilizer giant OCP Group to back climate-focused startups, according to a statement released last week. The latest funding round comes a year after the same investors [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":76904,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[152],"tags":[1571,11,164,151,45,1175,262,1572],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-76903","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-bidra","tag-enterpriseclimate","tag-green-finance","tag-investment-watch","tag-morocco","tag-ocp-group","tag-startups","tag-um6p","wpautop","entry"],"acf":{"mongo_id":"fe47763e-c037-4076-b367-16db7eaabf3c","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/4\/1019.jpg","photo_position":"above","related_issue":[76894],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Agritech fund Bidra secures USD 200 mn from UM6P to back climate-focused startups - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/10\/agritech-fund-bidra-secures-usd-200-mn-from-um6p-to-back-climate-focused-startups\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Agritech fund Bidra secures USD 200 mn from UM6P to back climate-focused startups\" \/>\n<meta property=\"og:description\" content=\"Bidra nets funds for sustainability, energy transition: US-based agritech fund BidraInnovation Ventures has secured USD 200 mn in funding from Morocco\u2019s Mohammed VI Polytechnic University (UM6P) and leading Moroccan fertilizer giant OCP Group to back climate-focused startups, according to a statement released last week. The latest funding round comes a year after the same investors [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/climate\/2023\/04\/10\/agritech-fund-bidra-secures-usd-200-mn-from-um6p-to-back-climate-focused-startups\/\" \/>\n<meta property=\"og:site_name\" content=\"Climate\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-10T02:00:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/1019.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/04\/10\/agritech-fund-bidra-secures-usd-200-mn-from-um6p-to-back-climate-focused-startups\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/04\/10\/agritech-fund-bidra-secures-usd-200-mn-from-um6p-to-back-climate-focused-startups\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Agritech fund Bidra secures USD 200 mn from UM6P to back climate-focused startups\",\"datePublished\":\"2023-04-10T02:00:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/04\/10\/agritech-fund-bidra-secures-usd-200-mn-from-um6p-to-back-climate-focused-startups\/\"},\"wordCount\":187,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/04\/10\/agritech-fund-bidra-secures-usd-200-mn-from-um6p-to-back-climate-focused-startups\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/1019.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Bidra\",\"EnterpriseClimate\",\"green finance\",\"INVESTMENT WATCH\",\"Morocco\",\"OCP Group\",\"startups\",\"UM6P\"],\"articleSection\":[\"INVESTMENT WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/04\/10\/agritech-fund-bidra-secures-usd-200-mn-from-um6p-to-back-climate-focused-startups\/\",\"url\":\"https:\/\/enterpriseam.com\/climate\/2023\/04\/10\/agritech-fund-bidra-secures-usd-200-mn-from-um6p-to-back-climate-focused-startups\/\",\"name\":\"Agritech fund Bidra secures USD 200 mn from UM6P to back climate-focused startups - 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