LATEST INSIGHT

Category: Agriculture

October 30, 2020
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2min00
AfricaGrow, an investment vehicle put in place by Allianz Global Investors, a subsidiary of the German insurance group Allianz, and the German Development Finance Bank (KfW). The firm is headquartered in Tunisia but focuses companies who are interested in introducing cutting edge global technology to the Africa market through its VC fund, CAIF. Jan Martin Witte, Director […]

October 15, 2020
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1min00
Plenty‌ ‌Unlimited‌ has raised $140 million in new funding to build more vertical farms around the U.S. The new funding, which brings the company’s total cash haul to an abundant $500 million, was led by existing investor SoftBank  Vision Fund and included the berry farming giant Driscoll’s. It’s a move that will give Driscoll’s exposure to Plenty’s […]

October 7, 2020

2min00
Tugende, a Ugandan-grown technology-enabled asset finance company operating in Uganda and Kenya announced on September 5, 2020 that it has successfully closed of a US$6.3M Series A investment round. The round of financing was led by Toyota Tsusho investment fund Mobility 54 according to the statement. Other participating investors in the round include U.S. based […]

October 5, 2020

3min00
Zambian agritech startup Good Nature Agro, that specializes in legume value chains has closed Series A equity funding round raking in a total of US$2.1 million according to a news report by africaglobalfunds.com. Goodwell Investments led the roundof funding with participation from existing seed investors Global Partnerships and FINCA Ventures. The fresh capital will enable […]

September 25, 2020
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3min00
Yummy Kitchen, which claims to be the largest cloud kitchen management company in Indonesia, has raised $12 million in Series B funding, led by SoftBank Ventures Asia. Other participants in the round included returning investors Intudo Ventures and Sovereign’s Capital, and new backers Vectr Ventures, AppWorks, Quest Ventures, Coca Cola Amatil X and Palm Drive […]

September 7, 2020
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2min00
Bengaluru-based agritech startup, Aibono, a platforms which connects farmers to customers, has raised $2 million in a pre- Series A funding round. The round was led by Japanese venture capital firms Rebright Partners and Mitsui Sumitomo Insurance Venture Capital. Swiss impact investor Lesing Artha, a subsidiary of Rianta Capital (UK), also participated in the round. […]

September 4, 2020
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2min00
Bangkok-based agritech startup Freshket has raised US$3 million in Series A funding round.The round of funding was led by Openspace Ventures a Singaporean VC with ECG-Research a PE firm based in Thailand and Innospace. Other investors who patronized the round include Pamitra Wineka and Ivan Sustiawan (who co-foundered Indonesian agritech startup Tanihub), existing investors Denis […]

August 26, 2020
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2min00
Tanzania-based diary processor Tanga Fresh has raised another undisclosed amount from DOB Equity, a Dutch family-backed impact investor in East Africa. The fresh funds, according to Tanga Fresh will be use to expand overall production capacity in order to maintain access to a fair and reliable market for dairy farmers in the Tanga region. “Less […]

August 12, 2020
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2min00
Indonesia –based online marketplace-cum-auction-platform for fishery products Aruna, has announced in statement that it has raised US$5.5 million. Existing investors East Ventures, AC Ventures, and SMDV were the same firms that reinvested. The fresh funds according to Aruna, will be used to boost its fisherman community ecosystem by expanding to more coastal areas and scale […]

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