Total amount raised
$78.6 Million
Latest funding date
2024-01-25
Location
Apollo Agriculture has successfully raised significant funding to support its mission of empowering small-scale farmers with best-in-class inputs, financing, insurance, and training. The platform is dedicated to helping farmers achieve more profitable harvests and fostering sustainable agribusinesses.
Keep reading to explore the intricacies of Apollo Agriculture's fundraising journey and the investors backing this innovative platform.
What Is Apollo Agriculture?
Apollo Agriculture is dedicated to revolutionizing farming for small-scale farmers by providing them with the necessary tools and resources to thrive. This includes best-in-class inputs, financing, insurance, and training. The company aims to empower farmers to scale successful agribusinesses, foster sustainable livelihoods, and ensure food security for a growing global population.
Operating within the agriculture industry, Apollo Agriculture specifically targets small-scale farming. One of the co-founders is Benjamin Njenga, who also serves as the Chief Commercial Officer (CCO). The company culture promotes work-life balance and supports employee passion for farmer adaptation to climate change.
How Much Funding Has Apollo Agriculture Raised?
- Round Name: Grant
- Amount Raised: USD 1,090,000
- Date: October 2018
- Lead Investors: Mastercard Foundation Fund for Rural Prosperity
- Round Name: Debt Financing
- Amount Raised: KES 50,000,000
- Date: July 2018
- Lead Investors: FMO, Rabobank
- Round Name: Series A
- Amount Raised: USD 6,000,000
- Date: May 2020
- Lead Investors: Anthemis
- Round Name: Series Unknown
- Amount Raised: USD 3,574,995
- Date: December 2020
- Round Name: Debt Financing
- Amount Raised: USD 1,000,000
- Date: June 2021
- Lead Investors: Agri-Business Capital Fund (ABC Fund)
- Round Name: Debt Financing
- Amount Raised: USD 9,500,000
- Date: December 2021
- Lead Investors: U.S. International Development Finance Corp
- Round Name: Series B
- Amount Raised: USD 40,000,000
- Date: March 2022
- Lead Investors: SoftBank Vision Fund
- Round Name: Series Unknown
- Amount Raised: USD 6,949,988
- Date: November 2023
- Round Name: Debt Financing
- Amount Raised: USD 10,000,000
- Date: January 2024
Apollo Agriculture has raised a total of USD 78,114,983 across various funding rounds.
Key Investors
- SoftBank Vision Fund
- Details: SoftBank Vision Fund is one of the largest technology-focused venture capital funds in the world, managed by SoftBank Group. It aims to accelerate the AI revolution through strategic investments in innovative companies.
- Investment Focus Areas: Technology, AI, Robotics, Telecommunications, E-commerce
- Notable Investments: Uber, WeWork, ByteDance
- U.S. International Development Finance Corp
- Details: The U.S. International Development Finance Corp (DFC) is a government agency that provides financing for development projects in emerging markets. It aims to advance economic development and improve lives in developing countries.
- Investment Focus Areas: Infrastructure, Healthcare, Energy, Agriculture, Technology
- Notable Investments: Not publicly disclosed
- Agri-Business Capital Fund (ABC Fund)
- Details: The Agri-Business Capital Fund (ABC Fund) is an impact investment fund that supports smallholder farmers and agribusinesses in developing countries. It aims to enhance food security and promote sustainable agriculture.
- Investment Focus Areas: Agriculture, Food Security, Rural Development
- Notable Investments: Not publicly disclosed
- Anthemis
- Details: Anthemis is a venture investment firm that focuses on financial services and technology. It aims to build, grow, and sustain businesses committed to reinventing financial services for the digital age.
- Investment Focus Areas: Fintech, Insurtech, Wealth Management, Payments
- Notable Investments: Betterment, Atom Bank, eToro
- Mastercard Foundation Fund for Rural Prosperity
- Details: The Mastercard Foundation Fund for Rural Prosperity is an initiative aimed at improving the lives of smallholder farmers in Africa. It provides financial support to innovative projects that enhance agricultural productivity and market access.
- Investment Focus Areas: Agriculture, Financial Inclusion, Rural Development
- Notable Investments: Not publicly disclosed
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