AgDevCo Limited

Specialist investor in African agribusinesses

London, United Kingdom · Founded 2009 · $155.0M raised

Headquarters
London
Employees
11–50
Founded
2009
Business Model
B2B
Total Funding
$155.0M
Last Round
$85.0M Venture RoundFeb 2025
Rounds
2

Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.

About

AgDevCo Limited is a specialist impact investor in African agribusiness, founded in 2008 and 2009 (operational from 2009) with initial backing from the UK Government. AgDevCo's mission is to build successful and sustainable African agribusinesses through long-term investment and technical assistance, delivering positive impact at scale. The firm provides patient, risk-tolerant capital ranging from $3 million to $15 million in loans and equity to early-stage and established agribusinesses across sub-Saharan Africa, alongside working capital facilities ($3–5 million) and technical assistance grants up to $800,000 via its Technical Assistance Facility (TAF). AgDevCo's investment thesis centers on transforming African agriculture from subsistence farming to modern, commercial, and value-adding agribusiness — creating jobs, improving food security, and generating financial returns. The firm targets high-potential agribusinesses with capable management teams that can deliver both commercial viability and measurable social impact. In 2022, AgDevCo secured $90 million in DFI funding to continue expanding its portfolio. AgDevCo also operates LAFCo, a sister facility for smaller working capital loans, and actively supports portfolio companies with specialist networks and technical expertise to improve smallholder farmer integration.

Summary

AgDevCo Limited is a Climate Tech company based in London, United Kingdom, founded in 2009. It has raised $155.0M in total across 2 rounds, most recently a $85.0M Venture Round in Feb 2025. Investors include U.S. International Development Finance Corporation, Norfund and British International Investment.

Tech & App Stack

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Funding History

Venture RoundEquity Funding PackageFeb 2025
$85.0M

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Funding: Venture Round. Amounts, valuations, and investors where available.

Investors

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