# Good Nature Agro

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/good-nature-agro

- Industry: Agribusiness
- Headquarters: Chipata, Zambia
- Website: www.goodnatureagro.com
- Total disclosed funding: $2.1M
- Latest round: Series A (Oct 10, 2020)
- Investors on record: 3

## About

Good Nature Agro, based in Zambia, is an agricultural social enterprise committed to empowering small-scale farmers through the provision of high-value legume seeds and commodities. It focuses on sustainable practices that elevate livelihoods while enhancing food security.Good Nature Agro is an agricultural social enterprise founded in 2014 and headquartered in Chipata, Zambia. The company specializes in the production and distribution of legumes aimed at premium markets, particularly for smallholder farmers. Its founders, Kellan Hays and Sunday Silungwe, aim to facilitate transitions for these farmers into the middle class. Recently, in October 2023, Good Nature Agro completed a Series B funding round, raising USD 8.5 mn from investors including Global Partnerships and Goodwell Ventures. The total amount raised by the firm stands at USD 8.5 mn, reflecting strong investor interest in their business model.Good Nature Agro offers high-value legume seeds and commodities, targeting small-scale farmers who cultivate these products for local and international markets. Its offerings are designed to meet the specific requirements of its clientele, with a focus on sustainable agriculture that supports food security and economic stability. The company primarily serves various African nations and aims for global market expansion.Good Nature Agro generates revenue through direct sales of legume seeds and commodities to small-scale farmers as well as through partnerships with local distributors. The company engages in B2B transactions, supplying agricultural inputs critical for farmers who cultivate crops for resale in premium markets. Their recent Series B funding round of USD 8.5 mn demonstrates investor confidence in the firm’s revenue model, which may incorporate fixed pricing for products and profit-sharing agreements with farmers based on crop yields.In November 2023, Good Nature Agro raised USD 8.5 mn in Series B funding from investors including OikoCredit, Goodwell Ventures, and Global Partnerships. The company plans to utilize these funds to develop its programs further and expand its market presence, focusing on enhancing its product offerings and penetrating new geographic regions. Specific markets targeted for growth have not yet been disclosed, but the company is poised to increase its operational reach.

## Funding rounds

- Series A, Oct 10, 2020, $2.1M — Goodwell Investments, Global Partnerships, FINCA Ventures

## Investors

- Goodwell Investments (https://capitalatlas.ai/funds/goodwell-investments) — Series A
- Global Partnerships (https://capitalatlas.ai/funds/global-partnerships) — Series A
- FINCA Ventures (https://capitalatlas.ai/funds/finca-ventures) — Series A