AgDevCo
Chancery House 53-64 Chancery Lane, London, WC2A 1QS, United Kingdom
Overview
AgDevCo is a specialist investor that focuses on agribusinesses to support small and medium-sized enterprises. They invest in African agribusinesses with debt and equity to create jobs, improve food security, and boost prosperity. Their investments enable large amounts of private capital to be leveraged into socially responsible farming and agri-processing businesses in Africa, with significant benefits for smallholder farmers and local communities.
- Total investments
- 3
- Lead investments
- 3
- Investments · 12mo
- 1
- Active investors
- 4
Sector focus
- Agriculture
- Business Development
- Finance
Investment portfolio
- Victory Farms
Led · Debt Financing · Apr 2026
Victory Group farms Nile tilapia on Lake Victoria in Kenya under the Victory Farms brand and on Lake Kivu in Rwanda as Kivu Choice, selling fresh fish through more than 100 sales outlets to thousands of female market traders. The company expects to produce 30,000 tonnes of fish in 2026 and has focused on increasing production and operational efficiency since earlier investments. Founded in 2015, Victory Group has attracted prior capital including a $4 million AgDevCo investment in 2021 and a $35 million Series B in 2023. Current plans supported by the new financing include developing multiple new farming sites in Kenya and Rwanda and progressing early-stage establishment in Tanzania to expand regional supply and distribution.
- Agventure
Led · Equity · Nov 2024
Agventure is a Nairobi, Kenya–based, farmer-owned business developing agricultural practices for non‑irrigated cereal-based systems. It is led by CEO Don White and comprised of a collective of farmers, researchers, educators, and entrepreneurs. The company supplies over 45,000 tonnes of food crops into the local market across a range of crops including wheat, barley, maize, canola, sunflower, green peas, chickpeas, lupins and fava beans. Its core activities include modeling, promoting and sharing regenerative production methods throughout the food system. Agventure intends to use the new funding to continue developing its canola oil production capabilities. The article was published by FinSMEs on November 8, 2024.
- Hatch Africa
Led · Equity · Jan 2024
Hatch Africa distributes dual-purpose breeds of day-old chicks through a network of agents who rear birds to maturity before selling them to smallholder farmers. Its chickens are designed for backyard conditions; typical customers own 5–20 birds and benefit from faster growth, higher egg production and greater disease resistance compared with indigenous breeds. The company operates under brands including EthioChicken and Uzima Chicken in Ethiopia, Uganda and Rwanda, and Premier/Prestige Poultry in Ghana and Côte d’Ivoire, with Kenya adopting the Uzima Chicken brand. Founded in 2010, Hatch now reaches 4.6 million rural households across its operating countries. The business plans to scale impact six-fold by 2030, increasing annual chickens sold from 45 million to 340 million and aiming for a one-chicken-per-person-per-year metric in each market. Recent financing will support expansion into Kenya, Ghana and Côte d’Ivoire and further roll-out of its distribution model.