# Victory Farms

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/victory-farms

- Industry: Agribusiness
- Headquarters: Nairobi, Kenya
- Website: www.victoryfarmskenya.com
- Total disclosed funding: $35M
- Latest round: Series B (Apr 6, 2023)
- Investors on record: 5

## About

Based in Kenya, Founded in 2015, Victory Farms is one of sub-Saharan Africa’s fastest-growing fish farms and a leading white-protein platform serving mass-market consumers. It leverages data-driven operations and an integrated cold-chain system to deliver fresh fish efficiently across Kenya.
Victory Farms was founded in 2015 by Joseph Rehmann and Steve Moran, beginning operations in Lake Victoria and scaling rapidly through an integrated aquaculture platform. The company raised USD 35 million Series B in 2023 led by Creadev, followed by a USD 15 million mezzanine investment from AgDevCo in April 2026 to support regional expansion.
The company produces and sells fresh tilapia through a fully integrated value chain that includes hatchery operations, cage farming, processing facilities, cold-chain logistics, and retail distribution. It supplies fish directly to consumers and market traders via an extensive network of branches and sales outlets.
Victory Farms generates revenue primarily from the sale of fresh tilapia to mass-market traders and consumers through its owned retail outlets and distribution network. Additional value is captured through processing operations, cold-chain logistics, and by-products such as animal feed derived from fish waste.
The company plans to use the debt financing to expand its aquaculture operations into additional regions, enhance distribution, and increase supply reliability.

## Funding rounds

- Series B, Apr 6, 2023, $35M — Creadev, Endeavor Catalyst, DOB Equity, Acumen Resilient Agriculture Fund, Hesabu Capital

## Investors

- Creadev — Series B
- Endeavor Catalyst (https://capitalatlas.ai/funds/endeavor-catalyst) — Series B
- DOB Equity (https://capitalatlas.ai/funds/dob-equity) — Series B
- Acumen Resilient Agriculture Fund — Series B
- Hesabu Capital (https://capitalatlas.ai/funds/hesabu-capital) — Series B