Gaïago raises €13 million from Telos Impact, We Positive Invest et al.

Gaïago, a Saint-Malo, France-based agriculture products manufacturer, announced that it raised €13 million ($15.4M).

The money is a combination of equity, bonds and senior debt. The equity part is injected by Telos Impact (leading the funding round), We Positive Invest (managed by Arkea Capital), Unexo and A Plus Finance. The non-dilutive financing side was contributed by Bpifrance, Crédit Agricole and Crédit Mutuel Arkéa.

The proceds will be used at the large-scale deployment of its scientifically validated soil and agrosystem revitalisation solutions.

Gaïago, founded in 2014 and led by Jean-Pierre Princen, is an organic farming producer, with solutions based on recipes in liquid or solid forms aimed at stimulating the micro-organisms which promote the generation of humus and fortify crops.