AgVentures
Hartebeesterivier No. 306, Worcester, Western Cape, 6849, South Africa
Overview
AgVentures is Africa’s leading agrifood tech investor. We invest in privately-owned agrifood companies with the potential to transform the African agrifood sector due to their innovative technology and dynamic entrepreneurship. We are more than an investor – we become a partner and assist investee companies to build their businesses and expand across Africa. Our head office is in South Africa.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- AgTech
- Artificial Intelligence (AI)
- Biotechnology
- Food and Beverage
- Food Processing
- Internet of Things
- Machine Learning
- Marketplace
Investment portfolio
- FruitSpec
Participated · Equity · Sep 2019
FruitSpec is a Tel Aviv, Israel–based company that provides a yield management platform for fruit supply chains. Its core product combines early‑season accurate fruit yield prediction technology with digital tools to give visibility to all production‑unit departments, from farmers through picking, packing and marketing. The platform's analytics enable customers to plan, manage and optimize operational, logistics and commercial decisions months before delivery. By improving data accuracy, visibility and analysis, FruitSpec aims to increase customer profitability. Led by CEO Raviv Kula, the company raised $5M to support expansion of sales and marketing in Chile, the US, South Africa and Spain and to introduce additional services. Investors include Amathaon Capital, Ocean Azul, Smart‑Agro, The Trendlines Group and Agriline. FruitSpec provides a solution to improve early-season fruit yield estimation using patented hyperspectral and computer vision algorithms to count fruit and estimate sizes. The company has demonstrated accuracy rates above 95% in recent commercial operations and field trials. Led by CEO Raviv Kula, FruitSpec is a portfolio company of The Trendlines Group Ltd. It intends to use new funding to expand and broaden its services to customers. The product targets growers and agribusinesses seeking more accurate early yield forecasts to inform planning and logistics.
Team
No current team members are available.