Agricorp International raises $17.5m to become Africa’s largest spices export startup
Agricorp International, Nigerian based spices producing, processing and exporting company has raised $17.5 million in Series A funding to increase its processing capacity up to 7000 metric tonnes per annum. This fund was raised from Vami Nigeria, One Capital LLC and AFEX. Nigerian-based Vami led the funding round with $11.5 million in equity, while the other investors provided working capital financing for the company. Ernst & Young (Nigeria) served as transaction advisers while Elisio Law Office and Pavestone Legal served as legal advisers.
Founded in 2018 by Kenneth Obiajulu and Wale Omotimirin, Agricorp is contributing to meeting the growing demand of spices as an export material…
More details through:
Leave a Reply.
News Archive from before July 2018