AgFunder Inc.
Status: Approved investmentWhy disclosure?
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Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
AgFunder Inc. which owns and manages AgFunder News (AFN) Africa to which FMO’s funding is dedicated.
What is our funding objective?
The funding objective is to help further develop AgFunder News (AFN) Africa and establish the platform as a dedicated Africa content channel for agrifoodtech investment news and research that leverages a network of local journalists and content partnerships with ecosystem peers.
Why do we fund this investment?
FMO funds this project as an activity under the Community Engagement, Component 1(c), strategy of the FMO Ventures Program (FVP) Technical Assistance Facility (TAF) funded by the European Commission with the objective of bringing together our partners and other key industry stakeholders to platforms for learning and exchange and through locally hosted websites/events/workshops. The project with AgFunder aligns with this objective by providing more news coverage, reporting and data collection on African agriculture and food technologies (agrifoodtech) to a global audience in the hope of building a cohesive African agribusiness ecosystem by bringing more investment to the sector and driving adoption of promising technologies across the continent.
More investments
| Date | Total FMO financing |
|---|---|
| 7/23/2021 | EUR 0.05 MLN |
- Website customer/investment
- https://agfundernews.com/africa
- Region
- Africa
- Country
- Africa
- Sector
- Agribusiness, Food & Water
- Publication date
- 12/21/2023
- Effective date
- 9/18/2023
- Total FMO financing
- EUR 0.04 MLN
- Funding
- FMO NV