Tech Company Financing Transactions
Agventure Funding Round
AgDevCo invested in a $9.5 million funding round for Agventure. The round closed on 11/8/2024.
Transaction Overview
Company Name
Announced On
11/8/2024
Transaction Type
Debt
Amount
$9,500,000
Round
Undisclosed
Investors
AgDevCo (Rebecca Sankar)
Proceeds Purpose
AgDevCo's mezzanine loan of $9.5 million will enable the company to continue to develop its canola oil production capabilities -- it sells oil under the Pure Mountain brand in Kenya -- allowing the company to increase its volumes purchased from outgrower farmers.
Company Information
Company Status
Private & Independent
Industry
AgTech
Mailing Address
PO Box 218
Timau, 10406
Kenya
Timau, 10406
Kenya
Phone
Website
Email Address
Overview
Agventure works with non-irrigated farms with a focus on enabling Sustainable Conservation Agriculture practices to be established. Agventure Ltd started trading in 2010. A commonly stated assumption is that Kenya does not receive enough rainfall to sustain rainfed farming. Evidence shows otherwise; most of the Rift Valley receives over 1000 mm of rain per year; whereas 300mm is sufficient to produce a crop. Some parts of the country receive nearly 2000mm per year. The rainfall assumption is incorrect.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Don White
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We do our best to report on every notable VC transaction. VC investment data records on this site are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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