Victory Farms
Grant in 2023
Victory Farms is an aquaculture farm for tilapia fish comprising of hatcheries, nursery ponds and deep-water cages for farming.
iProcure Ltd is a Nairobi-based company that operates a supply chain platform focused on optimizing agricultural input distribution in rural Africa, particularly in Kenya. Founded in 2012, iProcure provides a comprehensive solution that integrates business intelligence and data-driven stock management to enhance the operations of agricultural retailers. The platform enables retailers to manage inventory, point-of-sale activities, and customer profiles while leveraging geo-located purchasing patterns and real-time transaction analysis. Additionally, iProcure facilitates mobile payments, allowing retailers to better predict demand and improve overall inventory management. By offering an alternative distribution channel, the company ensures that agricultural products reach end consumers effectively, thereby streamlining distribution and enhancing customer service. iProcure also provides warehousing and storage facilities to support its logistics operations.
Ryp Labs is a company focused on developing and commercializing innovative technologies aimed at reducing food waste. It offers a range of products, including food-safe labels known as Shelf-Defense and stickers called StixFresh. These products are designed to be applied directly to fresh produce or its packaging, effectively prolonging shelf life and freshness by up to two times. By preventing spoilage and over-ripening, Ryp Labs' solutions provide a practical approach for clients to combat the global issue of food waste while extending the usability of their fresh products.
Cinch Markets
Grant in 2022
Cinch Markets is an agricultural technology company focused on creating a farming ecosystem that bridges the gap between industrial-scale efficiencies and the needs of small farmers. By making strategic infrastructure investments in land, Cinch Markets enables smallholder farmers to transition into profitable activities such as export horticulture. The company's approach aims to ensure a reliable monthly income for these farmers while also providing them the opportunity to earn daily wages through work on the land. This model not only enhances the financial stability of individual farmers but also promotes sustainable agricultural practices.
Kitovu Technology Company
Grant in 2021
Kitovu Technology Company operates a web and mobile-based decentralized system that optimizes fertilizer and seedling distribution for smallholder farmers in remote areas. The platform utilizes a web portal, mobile app, and USSD technology to provide tailored agronomic advisory services, helping farmers lower cultivation costs while enhancing yields. By collecting and analyzing data on geo-location, soil conditions, and market demand, Kitovu matches farm locations with appropriate agricultural inputs such as fertilizers and agro-chemicals. This data-driven approach, facilitated by independent entrepreneurs known as Kitopreneurs, ensures that farmers receive personalized recommendations, thereby maximizing their income through efficient crop selection and management. The company’s focus on climate-smart farming practices also supports access to essential post-harvest infrastructure, further contributing to improved agricultural outcomes.
Brycoal democratizes energy access for individuals at the base of the energy pyramid through the recycling of organic waste. They offer cooking and heating fuel in form of charcoal briquettes for households.
Aisiki is a food supply chain startup focused on connecting farmers of highly perishable produce with vendors, including small shops, restaurants, and grocery stores. The company operates a B2B supply-chain networking platform that facilitates the sourcing of fresh and packaged food items directly from farmers. Aisiki aims to enhance the efficiency of the food supply chain by providing consistent logistics support throughout the year and offering tailored financial services. This approach not only helps farmers reach markets more effectively but also seeks to reduce food and crop waste, thereby contributing to a more sustainable food ecosystem.
Energy Assured Nigeria
Grant in 2021
Energy Assured is an energy and utility procurement market provider for smaller businesses ranging from independent retailers and local franchisees to affinity group members in any sector. Users and customers benefit from economies of scale, more agile energy purchasing, and consistently lower gas, electricity, and water costs. Their experts understand the pressures that small and medium-sized businesses face: they work to provide clients with exactly what they require so that clients can use energy as an asset to propel their business forward.
Flourish Cold Chain
Grant in 2021
Flourish provides 24 hours storage and preservation of food by creating a value chain to reduce post-harvest losses for rural farmers.
Uzoebo Nigeria
Grant in 2021
Uzoebo is a hub for raw and processed agricultural products that aims to increase food availability, promote local food, and reduce wastage.
EZFarming is a digital marketplace designed to connect small farmers with investors, facilitating financing and the sale of agricultural products. The platform aims to transform small farms into commercially viable operations, thereby addressing youth unemployment and enhancing agricultural productivity in Africa. By targeting at least 1% of African diaspora remittances for agricultural investments, EZFarming seeks to improve food security and create one million job opportunities in the sector by 2024. The company has established partnerships with manufacturing and food processing firms to ensure guaranteed markets for farm produce. Utilizing modern technology, effective supply chain management, and good agricultural practices, EZFarming offers risk-mitigated investment packages that empower the next generation of farmers. Founded by Adewale Oparinde, the company is headquartered in Lagos, Nigeria.
FarmCorps connects smallholder farmers with lenders and buyers by providing data-driven advisory to promote sustainable food production. It operates agribusiness models that expand access to agricultural value chains, blending financial inclusion tools with market linkage frameworks to improve productivity and sustainable food security.
HerVest is a fintech company dedicated to improving financial inclusion for underserved African women. It offers savings, impact investing, and credit services tailored for smallholder women farmers and women-led businesses in Nigeria.
ThriveAgric is a technology-driven agribusiness company empowering smallholder farmers across Africa. It provides access to finance, data-driven advisory services, and connects farmers with local and global markets for their produce.
TELEPORTRAVEL
Pre Seed Round in 2020
Teleportravel is a marketplace with ready-made itineraries for friends and families looking to save time and money on travel planning, as well as a way for authors to earn money from itinerary sales. Over 100 touristic itineraries in 20 European countries from 40+ enthusiastic travelers.
Yellow is a fintech company dedicated to delivering impactful products and services to rural households through a widespread sales network. The company specializes in the last mile distribution of affordable pay-as-you-go solar home systems, targeting low-income communities. By leveraging innovative financing solutions, Yellow aims to enhance access to renewable energy, thereby improving the quality of life for its customers in underserved areas.
GroFin
Debt Financing in 2017
GroFin is a specialized financier and provider of business support focused on small and medium enterprises (SMEs) in emerging markets, particularly across Africa and the Middle East. Established in 2004 and headquartered in Bambous, Mauritius, the company offers tailored finance solutions ranging from US$100,000 to US$1.5 million, alongside ongoing business support to enhance the success rates of the enterprises it invests in. GroFin operates in multiple countries, including South Africa, Zambia, Nigeria, Ghana, Uganda, Tanzania, Kenya, Rwanda, Egypt, Iraq, Jordan, Oman, and Ivory Coast. By combining medium-term loans with specialized assistance, GroFin aims to generate employment, strengthen value chains, and foster inclusive growth, thereby improving living conditions in low and middle-income regions.
Fenix International
Grant in 2017
Fenix International Inc. is a San Francisco-based company that designs and manufactures renewable energy products aimed at mobile telecommunications in emerging markets. Established in 2009, Fenix specializes in ultra-affordable solar solutions to empower over 1.3 billion people living off-grid. Its flagship product, the ReadySet, is an intelligent plug-and-play energy system capable of powering mobile phones, lights, water purifiers, and medical applications. The ReadySet utilizes a variety of energy sources, including solar, micro-wind, micro-hydro, and bicycle dynamos, and is complemented by a range of accessories such as mobile phone chargers and LED lights. Fenix markets its products through various channels, including service centers and shops in Uganda and Rwanda, as well as crowdfunding platforms in the United States. The company has garnered significant recognition and awards, highlighting its expertise in power electronics, product design, and marketing strategies tailored for underserved communities.