# Apollo Agriculture

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/apollo-agriculture

- Industry: Software
- Headquarters: Nairobi, Kenya
- Website: www.apolloagriculture.com
- Total disclosed funding: $39M
- Latest round: Series B (Feb 9, 2022)
- Investors on record: 15

## About

Apollo Agriculture, Inc. is a Kenya-based company that empowers small-scale farmers by providing financing, training, quality farming inputs, and insurance, thereby enhancing agricultural productivity and sustainability.Founded in 2015 and headquartered in Nairobi, Kenya, Apollo Agriculture, Inc. specializes in supporting small-scale farmers with innovative agricultural solutions. The company has completed 12 funding deals, with the most recent being a USD 10 mn Venture Debt round in January 2024. The CEO of the company is Eli Pollak, who, along with co-founder Benjamin Njenga, has driven strategic initiatives since its inception.Apollo Agriculture focuses on providing a comprehensive suite of products and services designed specifically for small-scale farmers. Their core offerings encompass financing, training, quality farming inputs, and insurance, delivering end-to-end support that facilitates profitable agricultural practices. By leveraging technology and data-driven insights, Apollo Agriculture equips farmers with essential resources, ranging from high-quality seeds to effective crop management techniques, ultimately aiming to enhance yield and profitability. The company serves a diverse client base, including individual farmers, agro-dealers, and agricultural cooperatives primarily across Kenya, Nigeria, and other select markets in sub-Saharan Africa. Their mission is to empower farmers to scale successful agribusinesses that contribute to sustainable livelihoods and food security for a growing global population.Apollo Agriculture's revenue model is structured around direct transactions with farmers and agro-dealers, facilitated through partnerships and subscriptions for various services. The company generates income by providing agricultural inputs and services that are tailored to the needs of small-scale farmers, ensuring accessibility and affordability. Transactions typically involve farmers purchasing inputs such as seeds and fertilizers, supported by financing options that enable them to invest in their crops without immediate financial strain. Additionally, the company may engage in revenue-sharing agreements with agro-dealers who sell their products, effectively creating a network that promotes agricultural innovation and sustainability. The pricing structure reflects the value of the services offered, but specific details on costs or discounts are not publicly disclosed.In January 2024, Apollo Agriculture, Inc. raised USD 10 mn in Venture Debt funding from new investors Impact Connect and Swedfund. The company plans to use this funding to accelerate its growth and expand its solutions and operations primarily across Kenya. This strategic initiative aims to broaden their impact in the agricultural sector, reaching more small-scale farmers to enhance productivity and sustainability.

## Funding rounds

- Series B, Feb 9, 2022, $33M — British International Investment, Anthemis, Endeavor Catalyst, SBI Investment, Breyer Capital, Chan Zuckerberg Initiative, SB Investment Advisers, Flourish Ventures, Leaps by Bayer, To Ventures Food, Yara Growth Ventures
- Series A, May 20, 2020, $6M — Accion, Anthemis, SageHill Capital, Breyer Capital, Newid Capital, Flourish Ventures, Leaps by Bayer, To Ventures Food
- Seed, Jun 1, 2018 — Musha Ventures

## Investors

- Musha Ventures (https://capitalatlas.ai/funds/musha-ventures) — Seed
- Accion (https://capitalatlas.ai/funds/accion) — Series A
- Anthemis (https://capitalatlas.ai/funds/anthemis) — Series A, Series B
- SageHill Capital (https://capitalatlas.ai/funds/sagehill-capital) — Series A
- Breyer Capital (https://capitalatlas.ai/funds/breyer-capital) — Series A, Series B
- Newid Capital (https://capitalatlas.ai/funds/newid-capital) — Series A
- Flourish Ventures (https://capitalatlas.ai/funds/flourish-ventures) — Series A, Series B
- Leaps by Bayer (https://capitalatlas.ai/funds/leaps-by-bayer) — Series A, Series B
- To Ventures Food — Series A, Series B
- British International Investment — Series B
- Endeavor Catalyst (https://capitalatlas.ai/funds/endeavor-catalyst) — Series B
- SBI Investment (https://capitalatlas.ai/funds/sbi-investment) — Series B
- Chan Zuckerberg Initiative (https://capitalatlas.ai/funds/chan-zuckerberg-initiative) — Series B
- SB Investment Advisers (https://capitalatlas.ai/funds/sb-investment-advisers) — Series B
- Yara Growth Ventures — Series B