EAGLESENSING B.V. (FMO-56333)

Regions
  • World
Where the impacts of the investment may be experienced.
Financial Institutions
  • Netherlands Development Finance Company (FMO)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Aug 29, 2019
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
EagleSensing BV
The holder of the loan, grant, or other investment.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 0.14 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 0.13 MLN
Converted using 2019-08-29 exchange rate.
Primary Source

Original disclosure @ FMO website

Updated in EWS Nov 11, 2019


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

FMO financing will support the expansion of EagleSensing, a Dutch startup that provides farm management support by taking images from planes, satellites and drones, gathering data on crops, soil, irrigation and diseases. EagleSensing is one of the winners of FMOa€™s Finture Solutions challenge 2019. 

According to the project description, the E&S category is B and the following environmental and social standards are triggered by the project: IFC PS 1-4, and 6-8. 

Investment Description
  • Netherlands Development Finance Company (FMO)
Private Actors
Contact Information

*Project contact information is not provided at the time of disclosure.*

 

ACCOUNTABILITY MECHANISM OF FMO

Communities who believe they will be negatively affected by a project funded by the Dutch Development Bank (FMO) may be able to file a complaint with the Independent Complaints Mechanism, which is the joint independent accountability mechanism of the Dutch Development Bank (FMO) and the German Investment Corporation (KfW) . A complaint can be filed in writing, by email, post, or online. The complaint can be filed in English or any other language of the complainant. The Independent Complaints Mechanism is comprised of a three-member Independent Expert Panel and it can provide either problem-solving, compliance review or both, in either order. Additional information about this accountability mechanism, including a guide and template for filing a complaint, can be found at: https://www.fmo.nl/independent-complaints-mechanism