Invested Development

Invested Development is an investment management company established in 2009 and currently headquartered in Atlanta, Georgia. Initially founded in Boston, the company specializes in early-stage financing, particularly targeting technology start-ups in sectors such as mobile technology, alternative energy, and agricultural technology. Invested Development launched its BSP Fund in 2011, which became fully vested across 19 companies by 2020. The firm has successfully facilitated various exits, including acquisitions of companies such as Simpa in India by Engie, OnFarm in the United States by SWIIM, iHub in Kenya by ccHub, and GELI in the United States by Hanwha Q-Cells from Korea.

Miguel Granier

Founder

20 past transactions

CropIn

Series C in 2021
CropIn, founded in 2010, is a pioneer in the Agtech sector, offering an innovative platform known as the Intelligent Agriculture Cloud. This platform empowers stakeholders in the agricultural ecosystem to utilize digitization and artificial intelligence to enhance decision-making, increase efficiency, and promote sustainability. CropIn has partnered with over 250 customers and digitized 16 million acres of farmland, positively impacting the livelihoods of more than 7 million farmers. The company has amassed extensive farming data insights, covering 488 crops and 10,000 crop varieties across 56 countries, making it a leader in the global 'Ag-intelligence' movement. Its AI and machine learning solutions are specifically designed for the agricultural industry, enabling comprehensive monitoring and management of farm operations. By integrating information and communication technology with traditional farming practices, CropIn aims to improve both the financial and operational aspects of agriculture, ensuring quality and safety in food production.

CropIn

Series A in 2016
CropIn, founded in 2010, is a pioneer in the Agtech sector, offering an innovative platform known as the Intelligent Agriculture Cloud. This platform empowers stakeholders in the agricultural ecosystem to utilize digitization and artificial intelligence to enhance decision-making, increase efficiency, and promote sustainability. CropIn has partnered with over 250 customers and digitized 16 million acres of farmland, positively impacting the livelihoods of more than 7 million farmers. The company has amassed extensive farming data insights, covering 488 crops and 10,000 crop varieties across 56 countries, making it a leader in the global 'Ag-intelligence' movement. Its AI and machine learning solutions are specifically designed for the agricultural industry, enabling comprehensive monitoring and management of farm operations. By integrating information and communication technology with traditional farming practices, CropIn aims to improve both the financial and operational aspects of agriculture, ensuring quality and safety in food production.

Angani Limited

Seed Round in 2015
Founded in 2013, Angani Limited offers public cloud computing services across East Africa. It provides virtual machines, turnkey solutions, hardware procurement, maintenance, and power cooling services.

BRCK

Seed Round in 2014
BRCK is a hardware and software company based in Nairobi, Kenya. It designs rugged, self-powered mobile WiFi devices that provide internet connectivity in areas with poor infrastructure. BRCK aims to bridge the digital divide globally.

iProcure

Venture Round in 2014
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.

CropIn

Seed Round in 2014
CropIn, founded in 2010, is a pioneer in the Agtech sector, offering an innovative platform known as the Intelligent Agriculture Cloud. This platform empowers stakeholders in the agricultural ecosystem to utilize digitization and artificial intelligence to enhance decision-making, increase efficiency, and promote sustainability. CropIn has partnered with over 250 customers and digitized 16 million acres of farmland, positively impacting the livelihoods of more than 7 million farmers. The company has amassed extensive farming data insights, covering 488 crops and 10,000 crop varieties across 56 countries, making it a leader in the global 'Ag-intelligence' movement. Its AI and machine learning solutions are specifically designed for the agricultural industry, enabling comprehensive monitoring and management of farm operations. By integrating information and communication technology with traditional farming practices, CropIn aims to improve both the financial and operational aspects of agriculture, ensuring quality and safety in food production.

Rowbot Systems

Seed Round in 2014
Rowbot Systems LLC, established in 2012 and based in Minneapolis, Minnesota, specializes in developing robotic machinery for precision agriculture. Their primary product is a robotic system designed to enable farmers to manage nitrogen application more effectively during the growing season. This technology aims to improve nitrogen use efficiency on farms, potentially reducing costs and enhancing crop yields.

Geli

Convertible Note in 2013
Geli, or Growing Energy Labs, Inc., specializes in providing software and business solutions for the design, automation, and management of energy storage systems. The company offers a comprehensive suite of products that facilitates an ecosystem for project developers, original equipment manufacturers, financiers, and project operators. Geli's hardware-agnostic software platform streamlines the energy storage development process, allowing clients to efficiently deploy advanced energy projects while minimizing their environmental impact.

OnFarm

Seed Round in 2013
OnFarm is a software-as-a-service company that offers a range of farm hardware technologies. The company’s products offer customized dashboards, data management, intuitive displays to help transform data into decisions, advanced charting, enterprise-wide scheduling, phone and email alerts, maps, private communication solutions, and more. OnFarm was founded by Lance Donny in 2012 and is based in Fresno, California.

Village Telco

Seed Round in 2013
Village Telco is a South African company that specializes in providing community telephone network hardware and software solutions designed for remote areas. Its flagship product, the Mesh Potato, is a low-cost wireless mesh device that functions as an access point and an analog telephony adapter, enabling users to connect regular phones to create a network. The Mesh Potato devices automatically connect to form a mesh network, allowing for extended range and reliable communication. Additionally, the Village Telco Entrepreneur server facilitates network management, voice connectivity, and billing, empowering entrepreneurs and community organizations to deliver voice and Internet services sustainably. The company also offers various firmware options for its devices to support different networking needs, including small enterprise and campus setups. Village Telco sells its products online, catering to customers in South Africa and beyond, with a focus on creating affordable and accessible telecommunication solutions.

SolarNow

Seed Round in 2013
SolarNow provides solar energy and financing solutions in East Africa through a subsidiary, offering solar home systems, electrical appliances, and power solutions for rural and urban households, entrepreneurs, and institutions. The company serves households, small businesses, farming operations, and corporate customers with flexible credit and service options to access clean, affordable energy. Founded in 2011 by Willem Nolens, it is headquartered in Nijmegen, the Netherlands, with operations in Uganda and Kenya.

Subtech

Seed Round in 2012
Subtech De Mexico S.A. De C.V. is a Mexico City-based company that specializes in internet merchant services and payment processing technologies. Utilizing cloud-based payment systems, Subtech enables efficient money transfer services for its clients. By focusing on innovative payment solutions, the company aims to facilitate seamless financial transactions in an increasingly digital marketplace.

Maana Mobile

Seed Round in 2011
Maana Mobile is a mobile phone service provider focused on delivering financial instruments tailored for the unbanked population in South Africa. Founded in 2011 and based in the United States, the company utilizes its mobile platform to enhance everyday financial practices for small businesses, savings groups like stokvels, and individuals. By leveraging users' mobile contact books, Maana Mobile fosters connections among users to facilitate transactions and build a trust database. The platform not only streamlines business interactions but also generates valuable insights that aid in decision-making, including alternative credit assessment methods.

Slimtrader

Seed Round in 2011
SlimTrader, Inc. operates MoBiashara, a mobile commerce platform designed to facilitate the search and purchase of goods and services via mobile devices in Africa. Founded in 2009 and based in Seattle, Washington, SlimTrader aims to simplify everyday transactions in developing countries by providing consumers with easy and affordable access to a wide array of products and services. The platform enables companies and organizations to connect with consumers, allowing them to discover, preview, and purchase offerings directly from their mobile phones. Additionally, SlimTrader offers integrated automation and distribution services, empowering merchants to create mobile storefronts and manage their online sales effectively.

Simpa Energy

Seed Round in 2010
Simpa Energy is a company based in Karnataka, India, that specializes in providing solar power systems to households and shops in rural areas. Established in 2010, it aims to make clean energy simple, affordable, and accessible. The company employs a pay-as-you-go pricing model similar to pre-paid mobile phone services, allowing customers to make a small initial payment for the installation of solar photovoltaic systems. Subsequent payments for electricity contribute towards the total purchase price of the system. Once fully paid, customers own the solar system outright, gaining access to reliable and clean electricity at no further cost. Simpa Energy’s offerings include a comprehensive set of hardware and software solutions for lighting, cooling, entertainment, and information, enhancing the convenience and utility of clean power for its users.

TBT Group

Seed Round in 2010
TBT Group, Inc. is a manufacturer specializing in the development and commercialization of innovative piezoelectric materials and energy harvesting technologies. Founded in 2006 and based in Bellmawr, New Jersey, the company produces a range of products, including conventional and advanced piezoelectric materials, custom dielectrics, and ceramic tapes. TBT Group focuses on high-efficiency energy harvesters designed for consumer electronic devices, enabling the capture of wasted energy from ambient vibrations. Its energy harvesting technologies are applicable in various sectors, such as self-powered wireless sensors, street lighting, and hybrid vehicles. Additionally, TBT Group develops bio sensing solutions aimed at homeland security and food safety, providing detection capabilities for airborne threats and pathogens. The company is committed to offering secure domestic supply chains for its advanced materials, catering to industries including medical, aerospace, and consumer electronics.

Frogtek

Seed Round in 2010
Founded in 2008, Frogtek is a social venture that develops software solutions for small shopkeepers in emerging markets. Its flagship product, Tiendatek, is a point-of-sale application designed to record store expenses and revenues directly on mobile devices, promoting efficiency and control for micro-retailers.

Promethean Power Systems

Seed Round in 2010
Promethean Power Systems, Inc. specializes in designing and manufacturing refrigeration systems tailored for cold-storage and milk chilling applications, particularly in off-grid and partially electrified regions. Founded in 2007 and headquartered in Somerville, Massachusetts, with an office in Pune, India, the company provides a range of products including milk chillers, cold storage units, solar add-ons, and smart monitoring solutions. Its innovative systems are aimed at dairy processors and individual farmers, helping them to reduce spoilage and enhance the quality of milk collected from rural areas. By enabling the preservation of milk at the village level, Promethean's technology not only lowers transportation costs for processors but also increases farmer incomes. The refrigeration systems are designed to operate on grid power and are equipped with a generator backup, with plans to incorporate thermal battery storage for greater efficiency in the future.

EGG Energy

Seed Round in 2009
EGG-energy is a for-profit company with a social mission to improve low income and off-grid customers quality of life by offering a convenient, safe, clean, and affordable energy source. The rechargable battery solution has been called the Netflix of batteries.

WindStream Technologies

Seed Round in 2009
WindStream Technologies Inc. is a company focused on the development and commercialization of wind-driven electrical generation products. Founded in 2008 and headquartered in North Vernon, Indiana, the company offers a range of renewable energy solutions, including small-wind and hybrid devices suitable for both on-grid and off-grid installations. Among its key products are the TurboMill, designed for harnessing wind energy in urban environments, the SolarMill, and the MobileMill, intended for use by first responders. WindStream also provides the PowerMill to address the deployment of utility-scale wind power in areas where conventional horizontal-axis wind turbines may not be effective. Additionally, the company supplies various accessory products, such as mounting equipment, data collection and monitoring systems, batteries, and wiring solutions, to support its energy generation devices across the United States and internationally.
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