First close: debt and equity · Business services
AgDevCo Ventures announces approximately $49m first close
The early-stage agriculture vehicle combines equity with development and foundation lending.
AgDevCo Ventures announced a first close of approximately $49 million on 20 August 2026. The vehicle will provide patient capital to early-stage East African agribusinesses.
The financing includes $28 million in equity from AgDevCo using UK government funds, $10 million in subordinated debt from IFAD and $11.25 million from senior lenders.
The senior lending consortium is led by the Isenberg Family Charitable Foundation and includes Small Foundation, A to Z Impact, Rabo Foundation and Netri Fundación Privada.
Use of funds
Provide patient capital to early-stage East African agricultural businesses
Funding history
First close: debt and equity · This round~$49M