About AgDevCo
AgDevCo, established in 2009, is a social impact fund primarily based in London, United Kingdom. It primarily finances Conventional Debt rounds for companies based in Rwanda. Its portfolio includes 18 firms, spanning the Food and Agriculture, Consumer Goods sectors.
As of Oct 2026, AgDevCo has witnessed 1 portfolio exit. Its most notable investments include companies like Victory Farms, Kuapa Kokoo and DekelOil.
Its latest investment was a $15M Series B round in Victory Farms on Apr 07, 2026.
Key Metrics
Founded Year
2009
Location
London, United Kingdom
Portfolio Companies
Sectors of Investment
Stages of Investment
Conventional Debt, Series A & 3 more
Locations of Investment
AgDevCo's List of Top Investments
AgDevCo has a portfolio of 18 companies. Their most notable investmentis in Hatch AfricaTheir portfolio spans across Ivory Coast, Kenya, Netherlands and 4 more locations. They have invested in Food and Agriculture, Consumer Goods, Retail, across Conventional Debt, Series A and 3 more. Here is the list of top investments by AgDevCo:_1574071297138.png?format=webp&height=120&width=120){kind=logo}
Producer of fresh tilapia sold through owned branches and other outlets. The company is a vertically integrated tilapia producer, selling to market vendors. These vendors prepare the fish for consumers. The company is committed to sustainable practices. It supports local communities through landowner programs and donations. The company also provides employment opportunities.
Key facts about Victory Farms
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2. Kuapa Kokoo
Fairtrade cocoa farmer cooperative and processor of cocoa products. It supports farmers through sustainable agricultural practices, promoting income diversification and environmental protection. The cooperative processes cocoa beans into cocoa butter, liquor, powder, and chocolate, adding value to the raw product for both export and local markets. It focuses on improving farmer incomes and ensuring the long-term sustainability of cocoa production. Projects include agroforestry initiatives to enhance biodiversity and mitigate climate change impacts on cocoa farms.
Key facts about Kuapa Kokoo
3. DekelOil
West African multi-commodity agro-industrial company producing palm oil and cashew. It develops large-scale agricultural projects, focusing on palm oil and cashew nut processing and production. The company operates with a collaborative business model that prioritizes local community interests. Its operations encompass the entire value chain, from cultivation to processing and distribution. The company aims to create value for shareholders while maintaining a commitment to sustainable practices.
Key facts about DekelOil
Key facts about Jacoma Estates
- Founded Year: 2007
- Location: London (United Kingdom)
- Annual Revenue: £1M - £10M as on Sep 30, 2022
- Stage: Series A
- Total Funding till date: $11.7M
- Employee Count: 5 as on Sep 30, 2026
- Investors: Zephyr Management, British International Investment and 1 Other
- Latest Funding Round: Series A, May 2022, $*****
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Key facts about Tradin Organic
- Founded Year: 1985
- Location: Amsterdam (Netherlands)
- Stage: Funding Raised
- Employee Count: 340 as on Sep 30, 2026
- Investors: Europa and AgDevCo
- Latest Funding Round: Grant (prize money), Mar 01, 2023, $*****
AgDevCo's Year-on-Year Investment Trends
AgDevCo has invested in 18 companies over the last 9 years, with an average of 2 new investments annually in the last 5 years. In 2025, it made 2 investments, while as of Apr 2026, it has made 1 investment in this year. Its most recent first time investment was in Victory Farms and most recent follow-on round was in Hatch Africa.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 0 | 1 |
2025 | 2 | 0 | 2 |
2024 | 4 | 1 | 5 |
2023 | 1 | 0 | 1 |
2022 | 1 | 0 | 1 |
2021 | 0 | 1 | 1 |
2020 | 0 | 0 | 0 |
2019 | 5 | 1 | 6 |
2018 | 1 | 0 | 1 |
2017 | 3 | 0 | 3 |
AgDevCo's Investments by Stage
AgDevCo has made 13 investments in Conventional Debt stage with an average round size of $5.75M, 2 investments in Series A stage with an average round size of $8.25M, 1 investment in Seed stage, 1 investment in Series B stage with an average round size of $15M and 1 investment in Unattributed stage.Stage of entry | No. of Investments |
|---|---|
Conventional Debt | 13 |
Series A | 2 |
Seed | 1 |
Series B | 1 |
Unattributed | 1 |
Note: We have considered here, only first round of investments
AgDevCo's Investments by Sector
AgDevCo has a diverse portfolio, with companies operating in the Food and Agriculture, Consumer Goods and Retail. Notably, it has invested in 5 Social impact companies, 2 Consumer (B2C) companies and 2 Enterprise (B2B) companies.Sector | No. of Investments |
|---|---|
Food and Agriculture | 9 |
Consumer Goods | 1 |
Retail | 1 |
Note: We have considered here, only first round of investments
AgDevCo's Investments by Geography
AgDevCo has made most investments in Rwanda (4), followed by Kenya where it has made 3 investments.Country | No. of Investments |
|---|---|
Rwanda | 4 |
Kenya | 3 |
Ivory Coast | 2 |
Netherlands | 2 |
Cyprus | 1 |
Others | 5 |
Note: We have considered here, only first round of investments
AgDevCo's recent investments
AgDevCo has made 1 investments in 2026 so far - Victory Farms.Here are the most recent investments by AgDevCo:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Apr 07, 2026 | Kenya | Series B | 1167 | - | |
Oct 02, 2025 | - | Conventional Debt | 9831 | - | |
Sep 03, 2025 | Netherlands | Series A | 2366 | - | |
Nov 08, 2024 | Kenya | Conventional Debt | 3923 | - | |
Jun 13, 2024 | Ivory Coast | Conventional Debt | 7078 | - |
IPOs and Publicly Listed companies in AgDevCo's Portfolio
1 of AgDevCo's portfolio company became public - DekelOil. It got listed on the London Stock Exchange (LSE), in Mar 2013.Here are AgDevCo's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Mar 18, 2013 | Jul 22, 2019 | Conventional Debt | 2479 |
Team profile of AgDevCo
AgDevCo has a team of 5 members including 2 Partners located in United Kingdom. AgDevCo's team does not sit on the board of any company as of now.Co-investors of AgDevCo
Over the past 9 years, 14 investors have co-invested in AgDevCo's portfolio companies. This includes funds and angels.
- Invested before AgDevCo: Ed Brakeman, Hans Den Bieman and 9 others have invested in rounds before AgDevCo. There is 1 company where Ed Brakeman has invested before AgDevCo and 1 company where Hans Den Bieman has invested before AgDevCo.
- Top Co-investors of AgDevCo: Idh Farmfit entered a company along with AgDevCo.
- Invested after AgDevCo: Sefaafund (1 company) and Europa (1 company) are the investors which have invested in AgDevCo's portfolio after their investments.
Recent News related to AgDevCo
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Small Foundation Backs AgDevCo Venture to Finance East African AgribusinessesTechMoran•Aug 12, 2026•AgDevCo
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Victory Farms secures USD 15 million loan to carry out Lake Victoria aquaculture expansion planSeafoodSource•Apr 27, 2026•Victory Farms, AgDevCo
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AgDevCo commits $15m follow-on investment to Victory GroupGlobeNewswire•Apr 07, 2026•AgDevCo, The Victory Group, Inc.
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AgDevCo expands its portfolio in Zambia with new investment in the poultry sectorGlobeNewswire•Oct 02, 2025•AgDevCo, Wiley Education Services, https://apd.africa, Hybrid Poultry Farm
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AgDevCo Invests in EFAfrica Group to Support Equipment Leasing in AfricaGlobal Fintech Series•Sep 03, 2025•EFAfrica Group, Kimley-Horn, AgDevCo
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Planting Naturals secures $7m from AgDevCo for sustainable organic palm oilAgrigateglobal•Sep 03, 2025•AgDevCo, EFAfrica Group
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AgDevCo Successfully Exits Saise Farming Enterprises, Strengthening Zambia’s Potato IndustryGlobeNewswire•Mar 13, 2025•AgDevCo, Buyabamba
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AgDevCo raises US$85M from BII, Swedfund, and Norfund to support African agribusinessFood Business Africa•Feb 21, 2025•AgDevCo, British International Investment, Swedfund, Norfund
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BII, Swedfund and Norfund invest $85 million in AgDevCo to support agribusinesses in AfricaBritish International Investment•Feb 20, 2025•British International Investment, Swedfund, Norfund, AgDevCo
