The Kenyan agricultural technology startup Farm to Feed, which has developed a business-to-business platform designed to repurpose excess agricultural produce by linking it with new markets, has successfully secured an investment from Renew Capital. The amount of the investment remains undisclosed, but the funds are intended to facilitate the expansion of the startup’s operations.
Established in the year 2020, Farm to Feed’s mission is to mitigate food wastage by collecting and establishing a market for agricultural products that are either in excess or do not meet the conventional aesthetic standards. The startup leverages technology to consolidate both the supply from farmers and the demand from buyers, streamline the logistics process, and enhance the overall experience for customers through its digital platform.
Claire van Enk, the managing director of Farm to Feed, expressed the company’s commitment to revolutionizing the perception and utilization of food in Kenya. The startup is focused on diminishing the environmental impact of farming practices, increasing the earnings of local farmers, and improving the availability and affordability of nutritious food for the Kenyan population.
Renew Capital, co-founded by Matt and Laura Davis in 2012, is an investment firm with a pan-African vision. It handles investment portfolios for a diverse group of high-net-worth individuals (HNIs), philanthropic foundations, and family offices around the world, all of whom are interested in achieving both financial returns and sustainable positive social outcomes.
In February, Renew Capital announced the launch of a new pan-African technology fund dedicated to supporting pioneering entrepreneurs who are building exceptional companies across the continent.
Esther Mwikali, the investment and project manager for Kenya at Renew Capital, praised Farm to Feed for exemplifying the type of innovation and perseverance that the firm admires. She emphasized Renew Capital’s dedication to investing in entrepreneurs who demonstrate a unique combination of skills, resilience, and enthusiasm.
Mwikali also noted that Farm to Feed’s efforts to reform the food system in Kenya are in perfect harmony with Renew Capital’s investment ethos and objectives.
