Production, processing and trading of agricultural produce
Business Model:
Revenue: $0
Employees: 11-50
Address: 10B, Ladi Alakija Street
City: Lagos
State: lagos
Zip: 100234
Country: NG
Agricorp is a proudly Nigerian company that provides global exports to clients of ginger sourced in key trading markets in Kaduna (Nigeria). We currently have an origination processing facility in Nigeria. In 2019, the team invested in building a semi-mechanized processing facility in Kaduna, capable of processing over 5,000MT of ginger annually. The facility employs over 100 local workers (80% women) in the cleaning and sorting sections of the process. In 2020, the company established its UK entity (Agricorp Inc.) to support its marketing efforts in pushing more products to Europe. Nigeria is the second largest producer of ginger in the world, but meagerly accounts for just 3.5% of the export market share due to capacity constraints and consistency. With this investment, Agricorp can deliver on exporting ginger and other processed spices to major buyers in the Middle East, Europe and America.
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Announced Date | Company | Transaction | Money Raised |
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Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 11/2018 | Seed Round | $300k | 11/2021 | Equity | $9M | 9/2021 | Series A | $0 |
AFEX One Capital Vami Nigeria AFEX One Capital Vami Nigeria |
9/2021 | Series A | 3 | $17.5M |
One Capital LLC AFEX AFEX One Capital Vami Nigeria |
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