AgDevCo Ventures

Profile

AgDevCo Ventures is a specialist investor based in London, focusing on African agribusinesses. Founded by Keith Palmer, the firm emphasizes impactful investments in the agricultural sector. With a principle to build companies that deliver positive economic and social outcomes, AgDevCo Ventures comprises a team deeply knowledgeable in agriculture and finance. Its dedication to impact investment sets it apart in the industry.

AgDevCo Ventures invests predominantly in the agriculture sector, including sub-sectors such as agribusinesses and supply chain solutions. The firm targets early-stage ventures, particularly in sub-Saharan Africa, with an emphasis on East Africa. Leveraging its vast network, AgDevCo Ventures deploys capital with ticket sizes inferred to be within the $1-5 m range. It currently manages $340 million across its portfolio, supported by funders like British International Investment plc, Norfund, and Swefund.

Notable investments in AgDevCo Ventures' portfolio include partnerships with over 40 active companies, focusing on enhancing market linkages and supporting communities. Noteworthy is their involvement in Malawi's Shire Valley through the Kasinthula sugarcane project, showcasing their sector expertise and impact-driven approach. This project revitalized an almost bankrupt business, exemplifying AgDevCo's commitment to development and sustainability in African agriculture.