FMO

FMO, the Dutch entrepreneurial development bank, is a financial institution based in The Hague, Netherlands, founded in 1970 through a collaboration between the Dutch government and various financial entities. It focuses on supporting the private sector in developing countries and emerging markets across Asia, Africa, Latin America, and Central and Eastern Europe. FMO provides a diverse range of financial products, including long-term project financing, private equity, loans, guarantees, and mezzanine financing. Its investment portfolio is primarily allocated to financial institutions, energy, agribusiness, food and water, and private equity. By offering capital, expertise, and networks, FMO aims to foster sustainable economic development and empower local businesses and projects.

Annette Berendsen

Principal Investment Officer

Linda Broekhuizen

Chief Investment Officer

Pim Engels

Investment Officer - Venture Capital - FinTech

Huib-Jan de Ruijter

Chief Investment Officer

Past deals in FMCG

Sahyadri Farms

Venture Round in 2022
Producer of fruits and vegetables intended to transform the scenario of traditional Indian farming. The company procures, processes and markets fruits and vegetables from its network of small and marginal farmers including fresh fruits like grapes, vegetables and processed foods such as aseptic pulps and frozen fruit pulps, enabling farmers to export their products abroad.

WayCool

Series D in 2022
WayCool Foods & Products Pvt. Ltd. is an agri-tech company based in Chennai, India, specializing in the procurement, processing, and distribution of fresh produce, dairy products, and grocery staples. Founded in 2015, the company sources fruits and vegetables from smallholder farmers and aggregators, facilitating direct links between farmers and consumers. WayCool employs innovative technology to enhance logistics and food safety, ensuring the quality of its products. It operates a diverse distribution network that includes retail stores under the brand SunnyBee, mobile stores on trucks, and e-commerce platforms, primarily serving the Chennai area. Additionally, WayCool designs and manages storage facilities and cold chain distribution operations, aiming to increase farmers' incomes while providing fresh produce to local shops, restaurants, and catering establishments. The company's vision focuses on becoming a leading food development and distribution entity in India, positively impacting the agricultural community.

WayCool

Debt Financing in 2022
WayCool Foods & Products Pvt. Ltd. is an agri-tech company based in Chennai, India, specializing in the procurement, processing, and distribution of fresh produce, dairy products, and grocery staples. Founded in 2015, the company sources fruits and vegetables from smallholder farmers and aggregators, facilitating direct links between farmers and consumers. WayCool employs innovative technology to enhance logistics and food safety, ensuring the quality of its products. It operates a diverse distribution network that includes retail stores under the brand SunnyBee, mobile stores on trucks, and e-commerce platforms, primarily serving the Chennai area. Additionally, WayCool designs and manages storage facilities and cold chain distribution operations, aiming to increase farmers' incomes while providing fresh produce to local shops, restaurants, and catering establishments. The company's vision focuses on becoming a leading food development and distribution entity in India, positively impacting the agricultural community.

WayCool

Series D in 2021
WayCool Foods & Products Pvt. Ltd. is an agri-tech company based in Chennai, India, specializing in the procurement, processing, and distribution of fresh produce, dairy products, and grocery staples. Founded in 2015, the company sources fruits and vegetables from smallholder farmers and aggregators, facilitating direct links between farmers and consumers. WayCool employs innovative technology to enhance logistics and food safety, ensuring the quality of its products. It operates a diverse distribution network that includes retail stores under the brand SunnyBee, mobile stores on trucks, and e-commerce platforms, primarily serving the Chennai area. Additionally, WayCool designs and manages storage facilities and cold chain distribution operations, aiming to increase farmers' incomes while providing fresh produce to local shops, restaurants, and catering establishments. The company's vision focuses on becoming a leading food development and distribution entity in India, positively impacting the agricultural community.

WayCool

Series C in 2021
WayCool Foods & Products Pvt. Ltd. is an agri-tech company based in Chennai, India, specializing in the procurement, processing, and distribution of fresh produce, dairy products, and grocery staples. Founded in 2015, the company sources fruits and vegetables from smallholder farmers and aggregators, facilitating direct links between farmers and consumers. WayCool employs innovative technology to enhance logistics and food safety, ensuring the quality of its products. It operates a diverse distribution network that includes retail stores under the brand SunnyBee, mobile stores on trucks, and e-commerce platforms, primarily serving the Chennai area. Additionally, WayCool designs and manages storage facilities and cold chain distribution operations, aiming to increase farmers' incomes while providing fresh produce to local shops, restaurants, and catering establishments. The company's vision focuses on becoming a leading food development and distribution entity in India, positively impacting the agricultural community.

WayCool

Grant in 2020
WayCool Foods & Products Pvt. Ltd. is an agri-tech company based in Chennai, India, specializing in the procurement, processing, and distribution of fresh produce, dairy products, and grocery staples. Founded in 2015, the company sources fruits and vegetables from smallholder farmers and aggregators, facilitating direct links between farmers and consumers. WayCool employs innovative technology to enhance logistics and food safety, ensuring the quality of its products. It operates a diverse distribution network that includes retail stores under the brand SunnyBee, mobile stores on trucks, and e-commerce platforms, primarily serving the Chennai area. Additionally, WayCool designs and manages storage facilities and cold chain distribution operations, aiming to increase farmers' incomes while providing fresh produce to local shops, restaurants, and catering establishments. The company's vision focuses on becoming a leading food development and distribution entity in India, positively impacting the agricultural community.

Agrocorp Ventures

Debt Financing in 2020
Agrocorp Ventures specializes in the distribution and trading of agricultural commodities, serving clients across various regions, including Canada, West Africa, China, Turkey, the Middle East, India, Bangladesh, and Vietnam. The company provides a wide range of products, including grains like wheat, sugar, and various pulses and beans, as well as oilseeds such as soybeans, canola, and sunflower seeds. Agrocorp also deals in cotton, rice, and animal feed, which encompasses items like corn and soybean meal. Additionally, the company offers edible nuts, including cashews and peanuts, alongside non-agricultural commodities like coal, construction materials, and edible oils. Agrocorp's operations include seed procurement and the buying and selling of food products, highlighting its comprehensive involvement in the agricultural supply chain.

WayCool

Series C in 2020
WayCool Foods & Products Pvt. Ltd. is an agri-tech company based in Chennai, India, specializing in the procurement, processing, and distribution of fresh produce, dairy products, and grocery staples. Founded in 2015, the company sources fruits and vegetables from smallholder farmers and aggregators, facilitating direct links between farmers and consumers. WayCool employs innovative technology to enhance logistics and food safety, ensuring the quality of its products. It operates a diverse distribution network that includes retail stores under the brand SunnyBee, mobile stores on trucks, and e-commerce platforms, primarily serving the Chennai area. Additionally, WayCool designs and manages storage facilities and cold chain distribution operations, aiming to increase farmers' incomes while providing fresh produce to local shops, restaurants, and catering establishments. The company's vision focuses on becoming a leading food development and distribution entity in India, positively impacting the agricultural community.

WayCool

Series A in 2019
WayCool Foods & Products Pvt. Ltd. is an agri-tech company based in Chennai, India, specializing in the procurement, processing, and distribution of fresh produce, dairy products, and grocery staples. Founded in 2015, the company sources fruits and vegetables from smallholder farmers and aggregators, facilitating direct links between farmers and consumers. WayCool employs innovative technology to enhance logistics and food safety, ensuring the quality of its products. It operates a diverse distribution network that includes retail stores under the brand SunnyBee, mobile stores on trucks, and e-commerce platforms, primarily serving the Chennai area. Additionally, WayCool designs and manages storage facilities and cold chain distribution operations, aiming to increase farmers' incomes while providing fresh produce to local shops, restaurants, and catering establishments. The company's vision focuses on becoming a leading food development and distribution entity in India, positively impacting the agricultural community.

Sahyadri Farms

Private Equity Round in 2019
Producer of fruits and vegetables intended to transform the scenario of traditional Indian farming. The company procures, processes and markets fruits and vegetables from its network of small and marginal farmers including fresh fruits like grapes, vegetables and processed foods such as aseptic pulps and frozen fruit pulps, enabling farmers to export their products abroad.

Ftcash

Series A in 2019
ftcash is an emerging financial technology company in India, focused on empowering micro-merchants and small businesses through digital payment solutions and access to credit. Launched in 2015, ftcash utilizes a proprietary algorithm to assess the creditworthiness of small enterprises by analyzing transaction flow data and incorporating additional factors like psychometric analysis. This approach allows ftcash to facilitate institutional financing for these businesses, enabling them to collect payments directly from their daily transactions. The platform supports various payment methods, including debit and credit cards, and mobile wallets, allowing merchants to accept electronic payments without needing extra hardware. With backing from major partners such as PayPal and MasterCard, ftcash is also expanding its services on a global scale, aiming to enhance financial inclusion for small enterprises worldwide.

Frontclear

Venture Round in 2017
Frontclear Management B.V., established in 2015 and headquartered in Amsterdam, is a financial markets development company dedicated to fostering stable and inclusive interbank markets in emerging and frontier markets. The company provides credit guarantees that help local institutions access both local and global financial markets by mitigating counterparty credit risk. Frontclear's guarantees are designed to comply with Basel III standards and are backed by KfW, a AAA-rated financial institution. Additionally, Frontclear offers the Frontclear Technical Assistance Programme, which focuses on locally-driven needs assessments and market analysis to create tailored programs that address specific market development challenges. Through these initiatives, Frontclear aims to enhance financial infrastructure and facilitate bilateral over-the-counter transactions, ultimately promoting greater financial inclusion.

Grupo Los Grobo

Private Equity Round in 2016
Grupo Los Grobo is a leading agribusiness and investment company both in Brazil and the whole of Latin America in terms of the production and commercialization of agricultural commodities. They offer a broad, integrated and diversified business platform that covers agricultural land development, services that go from input provision to technical and financial assistance for small producers, as well as our own farming activities, wheat processing and commodities industrialization.
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