AgDevCo
Impact investorAccra · Seed–Growth · 79 people tracked
Investment thesis
AgDevCo focuses on investing in agribusinesses across sub-Saharan Africa, supporting portfolio companies with patient capital, sector expertise, and access to its networks. Its stated purpose is to build strong companies that deliver positive development impact at scale while generating returns for investors. The firm emphasizes sustainable agribusiness development, job creation, and support for livelihoods in African communities, and highlights recognition for its impact practices, including a Platinum rating from BlueMark and an A- issuer credit rating from S&P Global Ratings.
Source: firm website, verified Aug 3, 2026.
Team · 79 people
from the firm's website & curated
What they invest in
from 19 of 37 portfolio companiesAgTech ×19FoodTech ×12Impact & Social Good ×10Climate Tech ×3Advanced Manufacturing ×2Circular Economy ×2Fintech ×2New Materials ×2
HQs:Côte d’Ivoire×3Kenya×3South Africa×3Mauritius×2Malawi×2Tanzania×2
Investments · 37 tracked
founders shown can be your intro pathAgricane is an agricultural engineering company that designs and implements large-scale farming systems, water infrastructure, and irrigation projects across Africa.
AgTechImpact & Social GoodMalawi, MW
Chris Matthews(Founder & CEO)
Evergreen Group operates an integrated horticultural platform in East Africa that produces and distributes high-value fresh produce including herbs, fruits, vegetables, and avocados for both export and domestic markets.
AgTechFoodTechKenya, KE
Agventure is a farmer-owned collective promoting regenerative and conservation agriculture practices in Kenya's rain-fed cereal systems.
AgTechFoodTechImpact & Social GoodNakuru, KE
Cashew Coast sources and processes cashews directly from farmers in Côte d'Ivoire, with processing facilities located in-country to ensure freshness, traceability, and minimal carbon footprint.
AgTechCircular EconomyFoodTechImpact & Social GoodAbidjan, CI
Salma Seetaroo(CEO)in
Dekel Agri-Vision is an agro-industrial company operating in West Africa that produces palm oil and processes cashew nuts.
Advanced ManufacturingAgTechFoodTechWest Africa, CI
EMF is a carnation grower operating farms in Ethiopia and Kenya, producing a wide assortment of premium carnations in various standard and spray varieties.
AgTechAddis Ababa, ET
EFAfrica Group Ltd is a Mauritius-based equipment leasing company that provides asset financing of $10k to $600k to small and medium-sized enterprises in Africa, including specialized products such as day-old-chick financing and Islamic leases.
AgTechFintechImpact & Social Good
Hatch Africa supplies high-yielding, disease-resistant chickens and eggs to smallholder farmers in sub-Saharan Africa to increase household protein intake and income.
AgTechFoodTechImpact & Social Good
Joseph Shields(Co-CEO, Co-Founder)inDavid Ellis(Co-CEO, Co-Founder)in
A poultry breeding company that supplies day-old chicks (layers, broilers, and village chicken breeds) to farmers in Zambia, with a focus on high-quality, pre-vaccinated birds that meet EU and WHO standards.
AgTechFoodTech
Community-owned sugarcane scheme in Malawi's Shire Valley.
Barak Fund Management provides alternative credit financing and funding to SME businesses across Africa, with a focus on agricultural, food, and commodity-related sectors.
AgTechFintechImpact & Social GoodEbène, MU
Neofresh is a South African fruit producer specializing in papaya and litchi, cultivating crops across multiple farms and supplying primarily to the local retail market.
AgTechFoodTechLowveld, ZA
Tim ChennelsBrian ChennelsGerrit Nieuwoudt(Head of Research & Development)
Planting Naturals is a vertically integrated producer of certified organic, sustainable palm oil, cultivated via smallholder farmers and its own plantations in Sierra Leone with farm-to-fork traceability.
AgTechClimate TechFoodTechSierra Leone, SL
Pee Pee (Tanzania) Limited (PPTL) manufactures woven polymer-based extruded packaging products, serving rural farming communities and other customers.
Advanced ManufacturingAgTechNew MaterialsTanga, TZ
The New Forests Company operates sustainable timber plantations and processing facilities in East Africa, producing treated timber products for markets across the region.
AgTechClimate TechNew MaterialsNot stated, TZ
Victory Farms Kenya sells tilapia fillets sourced from Lake Victoria through partnerships with local fishermen, with zero-plastic packaging and online ordering via M-Pesa payment.
AgTechE-commerceFoodTechImpact & Social GoodKaksingri, KE
Co-investorsCeniarthTimon CapitalVestedWorld
Aquaculture company producing and distributing tilapia in East Africa.
Westfalia Fruit is a global fresh produce distributor specializing in avocados and other fruits, operating farms and partnerships across multiple continents to supply retail and foodservice customers.
AgTechCircular EconomyFoodTechImpact & Social GoodTzaneen, ZA
Dr. Hans Merensky
Frequently asked questions
- How many investments has AgDevCo made?
- AgDevCo has 37 tracked investments.
- What stage does AgDevCo invest at?
- AgDevCo invests at the Seed, Series A, Growth stages.
- What is AgDevCo's typical check size?
- AgDevCo typically writes checks of $3M – $15M.
- What sectors does AgDevCo focus on?
- AgDevCo focuses on AgTech, FoodTech, Impact & Social Good.
- Where is AgDevCo located?
- AgDevCo is headquartered in Accra, GH.
- Who does AgDevCo co-invest with?
- AgDevCo most often shares deals with Ceniarth, Timon Capital, VestedWorld, among 3 tracked co-investors.
Media · Podcasts & interviews
from their channelAgDevCo Smallholder Development Unit and Technical Assistance (Long Version)
AgDevCo
AgDevCo 10 Year Anniversary Video (Long version)
AgDevCo
Babator irrigation hub, Ghana
AgDevCo
The Story of Phata
AgDevCo
Phata Sugar Cooperative - Malawi
AgDevCo
ECA Mozambique
AgDevCo
Images
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