Our partners

We partner with a range of financing organisations to help build African agribusinesses. Our funding partners invest through AgDevCo to help achieve their development impact and investment objectives; while our co-investment partners invest alongside us directly into high potential opportunities.

Our funding partners

AgDevCo operates as a blended finance vehicle. We raise concessional investment capital from our funding partners to invest across our rapidly growing portfolio. We also raise grant funding so that we can provide technical assistance services to our investees. AgDevCo’s funding partners share the same objective of promoting sustainable commercial agriculture. 

Current funding partners

UK Aid The Foreign, Commonwealth & Development Office (FCDO) leads the UK’s work to end extreme poverty. It aims to end the need for aid by creating jobs, unlocking the potential of girls and women and helping to save lives when humanitarian emergencies hit.

Mastercard Foundation The Mastercard Foundation seeks a world where everyone has the opportunity to learn and prosper. All people, no matter their starting point in life, should have an equal chance to succeed. They believe that with access to education, financial services, and skills training, people can have that chance.

Other funding partners

Since its inception, AgDevCo has benefitted from funding from a range of other partners. These include: DGIS Directorate-General for International Cooperation (Netherlands), Small Foundation and Norwegian Ministry of Foreign Affairs and Royal Norwegian Embassy.

Our co-investment partners

We have close relationships with a number of development finance institutions and impact investors. We are keen on co-investing where there are benefits for all parties. We also help leverage private capital into agribusinesses in our portfolio, including from local banks.

Co-investment partners include:

  • CDC Group
  • African Agriculture Capital
  • Africa Agriculture Fund
  • Fanisi Capital
  • Norfund
  • AHL Venture Partners
  • Root Capital
  • Maris Capital


UKAID for investment capital and technical assistance costs

AgDevCo’s principal funder to date is the UK taxpayer, through FCDO. This funding endowment has been central to AgDevCo’s success to date and now allows us to seek additional sources of investment capital and grant. 


Co-investing partner in Jacoma Estates, Malawi investment

AgDevCo's investment in two macadamia farms and a processing facility enabled Jacoma Estates to scale its business and attract a further $8m of equity from the CDC Group, as well as grant funding for community irrigation.

The Mastercard Foundation

Funding to establish the Smallholder Development Unit

The Mastercard Foundation has been supporting AgDevCo since 2016 with $14m for its Smallholder Development Unit (SDU), which works to connect agribusinesses with hundreds of thousands of smallholder farmers.

Interested in investing with AgDevCo?

If you would like to invest through or alongside AgDevCo, please get in touch by emailing us at investment@agdevco.com.