International Finance Corporation

International Finance Corporation (IFC), established in 1956 and headquartered in Washington, District of Columbia, is the private equity and venture capital arm of The World Bank Group. It focuses on fostering sustainable economic growth in developing countries by financing private sector investments and mobilizing capital in international financial markets. IFC provides a wide range of financial products, including loans, equity, quasi-equity, and advisory services, targeting sectors such as agriculture, forestry, financial services, education, healthcare, infrastructure, manufacturing, retail, tourism, and technology. The organization aims to support businesses and financial institutions in emerging markets to create jobs, improve corporate governance, and enhance environmental performance. IFC typically invests between $1 million and $100 million, often taking minority stakes but preferring majority ownership in its portfolio companies. It does not engage directly in the management of its investments and usually exits through domestic stock markets or other arrangements after several years. By focusing on initiatives that benefit underserved communities, IFC contributes to local economic development and improves the quality of life for people in developing regions.

Wale Ayeni

Acting Global Head, Disruptive Technologies and Venture Capital Investments

Paulo De Bolle

Global Director

Andi Dervishi

Chief Investment Officer and Global Head, Fintech, ePayments and New Finance

Makhtar Diop

Managing Director

Imad N. Fakhoury

IFC Regional Director South Asia

Allen Forlemu

Regional Industry Director

Mary Porter Peschka

Director

Leila Search

Investment Professional

Oumar Seydi

IFC Regional Director, Africa

Past deals in Agriculture

Westfalia Fruit

Debt Financing in 2023
Westfalia Fruit is a multinational supplier of fresh fruit and related processed​ products to international markets. Part of the Hans Merensky Holdings Group, Westfalia grows, sources and ripens, packs, processes and markets sustainably-grown avocados year round. Its vertically-integrated supply chain enables Westfalia to market quality fruit from across the globe.

Usina Santa Adélia

Debt Financing in 2022
Usina Santa Adélia Produces agro-industrial food and energy from renewable sources, with strict quality and sustainability standards.

ProducePay

Series C in 2021
ProducePay is a financing and trading platform that supports the agricultural industry by providing essential financial resources. Originally conceived at Cornell University, the company gained momentum with strong backing from both faculty and students, earning recognition within Cornell’s entrepreneurial community. ProducePay offers farmers immediate access to liquidity and financing, along with real-time data that enhances pricing transparency. The platform connects farmers to crucial industry players, allowing them to access tailored cash flow services that can help expand their businesses sustainably.

SeeTree

Series B in 2020
SeeTree Systems Ltd. is a technology company based in Tel Aviv, Israel, that specializes in providing innovative solutions for agriculture. Founded in 2017, SeeTree utilizes artificial intelligence and machine learning to offer an analytics platform tailored for tree management. The company collects data through multi-dimensional sensing imagery, employing drones and various sensors to monitor individual tree health and productivity. This advanced platform enables farmers to gain detailed insights into their orchards, allowing them to identify and address issues such as weak trees efficiently. By offering a comprehensive understanding of tree conditions, SeeTree helps optimize farming practices and resource allocation, making it a valuable partner for agricultural producers.

Pattern Ag

Venture Round in 2020
Developer of a precision agriculture platform designed to provide a deep understanding of soil. The company's platform delivers actionable intelligence to farmers, based on high-resolution mapping of the deoxyribonucleic acid found in the soil to help farmers with input decisions such as crop protection, seed selection, and fertility needs, enabling farmers to identify key opportunities to increase yield and save money to improve farm productivity and sustainability.

Apeel

Venture Round in 2020
Apeel Sciences, based in California, addresses the global food waste crisis by developing plant-derived solutions that extend the shelf life of fresh produce. Founded in 2012, the company creates pre-and post-harvest products using natural plant extracts, such as Edipeel and Invisipeel, which protect fruits and vegetables from environmental factors and pre-harvest issues. These innovations effectively double the lifespan of harvested crops without refrigeration, helping to reduce spoilage and conserve resources like water and energy. By leveraging materials found in the skins, peels, and seeds of fruits and vegetables, Apeel aims to minimize food waste and promote sustainability throughout the supply chain. The company's efforts are supported by a range of private investors and philanthropic organizations.

eFishery

Series B in 2020
eFishery is automatic fish feeder for all types of fish. This tool can not only provide feed scheduled, with a dose efficient, and automatic, but also record every feed in real-time. You can access the data feed, anytime, anywhere with precision. There is no longer a problem of over-feeding, fish feeding or feed irregularly diverted. eFishery provide the best solutions, reliable, and affordable.

Grainpulse

Venture Round in 2019
Grainpulse Limited, founded in 2002 and based in Kampala, Uganda, operates as an integrated agribusiness company focused on enhancing food and nutrition security for households. The company provides a variety of agricultural services, including the collection, storage, processing, and loading of coffee, grains, and animal feed, as well as the supply of fertilizer blends. Grainpulse aims to support both smallholder and commercial farmers by offering agro-input materials, agronomy services, and market access, thereby facilitating the formalization and commercialization of sustainable local agriculture. The company's commitment to integrity, customer-centricity, performance, and teamwork underscores its mission to positively impact the lives of farmers in Uganda.

Srinivasa Farms

Corporate Round in 2019
Srinivasa Farms is a poultry farming and breeding service provider located in Hyderabad, India. The company specializes in animal husbandry, focusing on the breeding of layers and broilers. In addition to its breeding services, Srinivasa Farms engages in the trading of poultry and poultry-related products, ensuring the availability of quality poultry items for its customers. Through its operations, the company aims to meet the demands of the poultry market while maintaining high standards in its farming practices.

AgroStar

Series C in 2019
AgroStar is a leading AgTech start-up in India dedicated to supporting farmers by offering a comprehensive range of agricultural solutions. Through its technology platform, AgroStar provides agronomy advice, services, and agricultural input products that aim to enhance farmers' productivity and income. The platform leverages extensive data and agronomy expertise to deliver tailored solutions to Indian farmers. Operating primarily in Gujarat, Maharashtra, and Rajasthan, AgroStar serves over 500,000 farmers, who can access solutions for their entire crop life-cycle via a simple missed call or through its highly-rated Android app. The company's offerings include expert advice, personalized content, and agricultural inputs such as seeds and nutrients. Over the next five years, AgroStar plans to expand its services, providing farmers with a wider range of inputs delivered to their doorsteps, superior agronomy guidance, and improved access to market linkages and credit.

Srinivasa Farms

Venture Round in 2018
Srinivasa Farms is a poultry farming and breeding service provider located in Hyderabad, India. The company specializes in animal husbandry, focusing on the breeding of layers and broilers. In addition to its breeding services, Srinivasa Farms engages in the trading of poultry and poultry-related products, ensuring the availability of quality poultry items for its customers. Through its operations, the company aims to meet the demands of the poultry market while maintaining high standards in its farming practices.

Grupo Los Grobo

Private Equity Round in 2016
Grupo Los Grobo is a leading agribusiness and investment company both in Brazil and the whole of Latin America in terms of the production and commercialization of agricultural commodities. They offer a broad, integrated and diversified business platform that covers agricultural land development, services that go from input provision to technical and financial assistance for small producers, as well as our own farming activities, wheat processing and commodities industrialization.

DQY Ecological

Series A in 2006
Beijing Deqingyuan Agricultural Technology Co., Ltd. is a prominent agricultural business based in Beijing, China, specializing in the production and sale of eggs and egg products. The company boasts a daily egg output of 300,000 and is recognized as the first to market branded green-graded eggs in the country. Its product range includes shell eggs, eco-eggs, nutritional liquid eggs, chicken meat, and organic fruits and vegetables. Deqingyuan operates an eco-plant that features processing facilities for shell and liquid eggs, a feed formulation unit, a biogas power plant, and a chicken meat processing plant. Founded in 2002, the company has evolved significantly, reflecting its commitment to sustainable and ecological practices in agriculture.
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