DOB Equity has made a strategic investment in FarmWorks, an innovative agribusiness company based in Kenya that is dedicated to creating reliable off-take channels for smallholder farmers’ produce. This investment is poised to significantly bolster FarmWorks’ capabilities by expanding its sourcing network, enhancing its technology platform, and diversifying its product offerings.
Established in 2020, FarmWorks operates as an aggregator and distributor of fresh produce, including essential crops such as tomatoes, onions, and potatoes, which are sourced directly from smallholder farmers. The company has established a robust presence with 23 branches across Nairobi and its surrounding areas, serving over 4,500 customers each month. These customers range from informal market vendors to retail outlets and hospitality businesses, showcasing FarmWorks’ integral role in the local food supply chain.
Karen Serem Waithaka, the CEO of DOB Equity, expressed enthusiasm for the partnership, stating, “We are excited to support FarmWorks in its mission to improve market access and income stability for smallholder farmers. By leveraging technology to enhance operational efficiency, FarmWorks is addressing key gaps in Africa’s agricultural value chain. I am particularly excited that FarmWorks is led by a strong female CEO and co-founder, Yi Li. We look forward to supporting its growth and long-term impact on sustainable food systems in the region.”
Anthony Mahira, the investment manager at DOB Equity and the lead for the FarmWorks investment, emphasized the importance of the company’s mission. He noted, “FarmWorks is addressing one of the key challenges facing smallholder farmers in Kenya – access to consistent markets for their produce. Their reliable offtake model and technology-driven supply-demand matching not only reduces food loss but also strengthens food systems by minimizing waste across the agricultural value chain. We believe in FarmWorks’ potential to drive significant impact, and we’re excited to support them as they scale their operations.”
This investment marks a significant step forward in enhancing the agricultural landscape in Kenya, providing smallholder farmers with the necessary tools and support to thrive in a competitive market.
