Kenyan agritech Victory Farms has raises $35 million in Series B funding round. 

Kenyan agritech Victory Farms has raised $35 million in Series B funding to finance its expansion plans.
Creadev led the Series B round, with participation from the Acumen Resilient Agriculture Fund (ARAF)DOB Equity, Endeavor Catalyst Fund, and Hesabu CapitalFounded in 2015, Victory Farms leverages innovative technologies to bring together the best aquaculture practices from around the globe to tackle the challenges of; rapidly declining wild fish catch in Lake Victoria, rising populations and undernourishment. The startup is on a mission to build a commercial tilapia farm to feed 2 billion Africans with affordable, accessible and healthy protein over the next two decades. Victory Farms intends to invest the funding to finance the expansion of its operations in Kenya and Rwanda and potential entry into Ethiopia, Uganda, and Tanzania.

You may also like...

Did you know that over 525 million people used the internet in Africa in 2019? If current growth trends continue, almost 75% of Africans are expected to come online by 2030.
Makole is an accomplished executive and fund manager making remarkable strides in South Africa’s energy industry.
Irene is a Nigerian entrepreneur and passionate advocate for women’s economic empowerment in Africa.
Muhammad is an accomplished Egyptian entrepreneur and innovator in the education sector.

© 2021 Empower Africa. All rights reserved.

Sign Up to Our Newsletter: The Empower Africa Times

Get Invites to Events, Opportunity Updates,
and Curated Business Information.