# Agricycle Global

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/agricycle-global

- Industry: Food
- Headquarters: Milwaukee, US
- Website: www.agricycleglobal.com
- Total disclosed funding: $2.4M
- Latest round: Seed (Sep 1, 2021)
- Investors on record: 4

## About

Agricycle Global Inc. is dedicated to enhancing sustainable food production and supply chains, empowering smallholder farmers in East Africa to improve market access and agricultural practices.Founded in 2019 in Milwaukee, US, Agricycle Global Inc. specializes in innovative agricultural solutions aimed at reducing post-harvest losses. The company has successfully closed 3 deals, with the most recent deal on September 1, 2021, when it raised USD 2.4 mn in Seed funding co-led by CSA Partners and MaSa Partners, among others. The founders, Jacob Foss, Joshua Shefner, and Patrick Nderitu, have a history of driving impactful initiatives in the agricultural sector, with Joshua Shefner currently serving as CEO.Agricycle Global focuses on delivering innovative solutions in the agricultural sector, primarily centered around sustainable food production and supply chain management. The company's core offerings include products designed to empower smallholder farmers through enhanced access to markets and improved agricultural practices. These solutions address critical challenges faced by farmers, ensuring better quality produce and increased income. The end users of these products consist largely of smallholder farmers in regions such as East Africa, where Agricycle operates to connect producers with consumers and facilitate fair trade practices, thereby promoting sustainable agricultural ecosystems.Agricycle Global's revenue model is structured around direct engagements with farmers and partnerships that facilitate the distribution of agricultural products. Transactions typically occur through a combination of B2B and direct-to-consumer frameworks, where the company collaborates with NGOs, retailers, and cooperatives to streamline supply chains. Pricing structures are designed to be accessible, enabling smallholder farmers to participate effectively in the market. Key products in the revenue portfolio support sustainable practices and improve product quality, although specific pricing details are not disclosed. The company emphasizes building long-term relationships with its clients, fostering collaboration aligned with its mission in sustainable agriculture.In September 2021, Agricycle Global Inc. raised USD 2.4 mn in Seed funding, which will be utilized to complete its vertical integration across 150 plus value chains and launch its core ingredient supplying business, Field Better Ingredients. The company aims to expand its footprint into new markets, focusing on regions that require enhanced agricultural support. Specific markets for this expansion have not been disclosed, but the strategic plan prioritizes growth by developing innovative products that cater to the evolving needs of smallholder farmers.

## Funding rounds

- Seed, Sep 1, 2021, $2.4M — Wisconsin Investment Partners, CSA Partners, BrightStar Wisconsin, MaSa Partners

## Investors

- Wisconsin Investment Partners (https://capitalatlas.ai/funds/wisconsin-investment-partners) — Seed
- CSA Partners (https://capitalatlas.ai/funds/csa-partners) — Seed
- BrightStar Wisconsin — Seed
- MaSa Partners (https://capitalatlas.ai/funds/masa-partners) — Seed