Where is ARAF's headquarters located?

ARAF's headquarters is located in Nairobi (Kenya).

How many companies has ARAF invested in?

ARAF has invested in 7 companies, including Complete Farmer & Victory Farms.

Which companies has ARAF invested in lately?

Winichfarms & IBISA are the latest investments by ARAF.

What sectors does ARAF focus on for investments?

Top sectors in ARAF's portfolio are Food and Agriculture Tech (4 investments) and FinTech (2 investments).

What stages of companies does ARAF typically invest in?

ARAF primarily invests in Seed and Series B stages.

ARAF - 2026 Investor Profile, Portfolio, Team & Investment Trends

1. Complete Farmer

Crowdfunding platform for agricultural sectors. It enables users to own and manage the farms on their devices. It offers crowd farmers packages and freeholder farmers packages. The crowd farmer package enables the users to farm with other users in a designated area without providing any land or input. The crowd farmers invest for a planting season and earn the return on investment. The company manages the farm operations and the farm progress is updated to the users on their dashboards.

Key facts about Complete Farmer

Founded Year: 2017
Location: Accra (Ghana)
Stage: Seed
Total Funding till date: $7M
Employee Count: 34 as on Jul 01, 2024
Investors: Goodwell Investments, Newtownpartners and 18 Others
Latest Funding Round: Conventional Debt, Aug 28, 2025, $*****
Highlight: Editors' Pick

2. Victory Farms

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

Founded Year: 2015
Location: Nairobi (Kenya)
Stage: Series B
Total Funding till date: $55M
Employee Count: 154 as on Jul 01, 2024
Investors: Endeavor, Creadev and 10 Others
Latest Funding Round: Series B, Apr 07, 2026, $*****

3. IBISA

Provider of blockchain-based risk-sharing microinsurance solutions for farmers. It offers a mutual risk-sharing solution with low fees, quick assessment, and payments for small-scale farmers leveraging blockchain and satellite imagery technologies.

Key facts about IBISA

Founded Year: 2019
Location: Luxembourg (Luxembourg)
Stage: Seed
Total Funding till date: $4.69M
Employee Count: 24 as on Mar 31, 2026
Investors: Ankur Capital, LHoFT and 11 Others
Latest Funding Round: Seed, Jun 25, 2024, $*****
Highlight: Editors' Pick

4. Farmerline

Provider of weather information and content marketing services. The platform provides services of mass messaging, survey collection, and content development for information dissemination to agriculture-related businesses. It also provides project management services for agribusinesses and government agencies.

Key facts about Farmerline

Founded Year: 2003
Location: Kumasi (Ghana)
Stage: Seed
Total Funding till date: $14.4M
Employee Count: 54 as on Jul 01, 2024
Investors: Triodos Investment Management, DEG and 15 Others
Latest Funding Round: Seed, Aug 29, 2023, $*****
Highlight: Editors' Pick

5. Winichfarms

Key facts about Winichfarms

Founded Year: 2019
Location: Lagos (Nigeria)
Stage: Seed
Total Funding till date: $3.29M
Employee Count: 6 as on Jul 01, 2024
Investors: Plug and Play Tech Center, Expert DOJO and 8 Others
Latest Funding Round: Seed, Jun 16, 2025, $*****

View the full list of portfolio companies

ARAF has invested in 7 companies over the last 4 years, with an average of 2 new investments annually in the last 3 years. Its most recent first time investment was in Winichfarms.

Here are ARAF's Year-on-Year Investment Trends:

Year	No. of Investments
Year	1^st Round	Follow-on	Total
2026 (YTD)	0	0	0
2025	0	0	0
2024	2	0	2
2023	3	0	3
2022	2	0	2

View all investments by ARAF

ARAF has made 6 investments in Seed stage with an average round size of $3.93M and 1 investment in Series B stage with an average round size of $35M.

Here are ARAF's investments by stage:

Stage of entry	No. of Investments
Seed	6
Series B	1

Note: We have considered here, only first round of investments

View all investments by ARAF

ARAF has a diverse portfolio, with companies operating in the Food and Agriculture Tech, Food and Agriculture, FinTech, Sustainability Tech and Blockchain - Industry Applications. Notably, it has invested in 4 Social impact companies, 3 Enterprise (B2B) companies, 3 Tech companies and at least 1 company focusing on Blockchain.

Here are ARAF's investments by sector:

Sector	No. of Investments
Food and Agriculture Tech	4
Food and Agriculture	3
FinTech	2
Sustainability Tech	2
Blockchain - Industry Applications	1
Others	2

Note: We have considered here, only first round of investments

View all investments by ARAF

ARAF has made most investments in Kenya (3), followed by Ghana where it has made 2 investments.

Here are ARAF's investments by geography:

Country	No. of Investments
Kenya	3
Ghana	2
Luxembourg	1
Nigeria	1

Note: We have considered here, only first round of investments

View all investments by ARAF

ARAF has not made any investment in 2026 so far.

Here are the most recent investments by ARAF:

Filter this list

Date	Company	Location	Round Details	Round Amount	Co-Investors
Oct 02, 2024	Winichfarms	Nigeria	Seed	8773	Cra Fund [+4]
Jun 25, 2024	IBISA	Luxembourg	Seed	8996	Equator [+2]
Sep 20, 2023	Complete Farmer	Ghana	Seed	9920	Proparco [+4]
Jul 27, 2023	Farm Works	Kenya	Seed	3011	Livelihood Impact Fund [+1]
Apr 12, 2023	Victory Farms	Kenya	Series B	9213	Creadev [+6]

See more recent investments made by ARAF

ARAF has a team of 4 members including 1 Partner and 1 Principal located in Kenya. ARAF's team does not sit on the board of any company as of now.

View team details of ARAF

Over the past 4 years, 51 investors have co-invested in ARAF's portfolio companies. This includes funds and angels.

Invested before ARAF: Ingressive Capital, Global Social Impact and 11 others have invested in rounds before ARAF. There is 1 company where Ingressive Capital has invested before ARAF and 1 company where Global Social Impact has invested before ARAF.
Top Co-investors of ARAF: 31 investors entered a company along with ARAF. These include investors like Sahel Capital (2 companies).
Invested after ARAF: A total of 7 investors have invested in ARAF's portfolio after their investments. Top Investors include Edfimc (1 company) and Symbiotics Group (1 company).