The company’s vision is to reach every farmer and achieve one chicken per person per year in each country where it operates.
Hatch Africa’s vision is to make farmers healthier and wealthier. AgDevCo invested $6.5m in mezzanine financing alongside IDH Farmfit Fund to scale Hatch’s innovative business model of distributing dual-purpose breeds of day-old-chicks to millions of smallholder farmer households. The investment is into Flow Equity Africa Ventures (FEAV), the holding company for Hatch’s operations in Kenya, Ghana, and Cote d’Ivoire.
Hatch Africa: A sub-Saharan Africa leader in distribution of dual-purpose day-old-chicks. AgDevCo’s investment will allow the company to expand its high impact business model across East and West Africa. The company’s vision is to reach every farmer and achieve one chicken per person per year in each country where it operates.
| Investment | Total invested | Investment type | Start date |
|---|---|---|---|
| Agris | $7,000,000 | Debt / Equity | 2024 |
| East Africa Magical Farms | $8,600,000 | Debt / Equity | 2023 |
| Evergreen Avocado Limited | $8,000,000 | Debt / Equity & Technical assistance | 2023 |
| Hatch Africa | $6,500,000 | Debt / Equity | 2024 |
| Sagana Nuts | $1,200,000 | Debt / Equity | 2021 |
| Victory Farms Limited | $4,000,000 | Debt / Equity | 2021 |