From Pulse 2.0 · Amit Chowdhry · · 50s
Ground Up Investing Fund 2 First Close
Ground Up Investing reaches $6 million first close for $20 million fund targeting African and Latin American agricultural businesses.
In brief
Ground Up Investing reaches $6 million first close for $20 million fund targeting African and Latin American agricultural businesses. Ground Up Investing's second fund closed $6 million for $20 million target to support smallholder farmers across Africa and Latin America. Originally reported by Pulse 2.0.
Fund 2 First Close
Ground Up Investing reaches $6 million first close for its second impact investment fund targeting $20 million to support agricultural businesses across Africa and Latin America.
Targeted Regions
The fund focuses on Kenya, Uganda, Rwanda, Colombia, Peru, and Ecuador for agricultural small and medium-sized enterprises.
Financing Gap
Agricultural businesses need loans from $250,000 to $1 million, too large for microfinance but too small for traditional investors.
Impact Goals
Fund 2 aims to improve land management across 20,000+ acres and generate $10 in farmer income for every $1 invested.
The key point
Ground Up Investing's second fund closed $6 million for $20 million target to support smallholder farmers across Africa and Latin America.
