Kenya: Victory Farms raises $35m

East African aquaculture platform, Victory Farms, has successfully completed its $35 million Series B round to fund the expansion of its operations in Kenya, Rwanda, and potential entry into Ethiopia, Uganda and Tanzania.

Victory Farms provides a climate-smart, profitable, and scalable solution to Africa’s nutritional security challenges. The Series B round was led by Creadev, a global VC and growth equity evergreen investor controlled by the Mulliez Family.

The Series B includes the Acumen Resilient Agriculture Fund (ARAF), DOB Equity, Endeavor Catalyst Fund and Hesabu Capital. The company’s founders and angel investors, including Joseph Rehmann, Steve Moran, Kamran Ahmad, and Hans den Bieman also invested into the transaction.

“Participating to food and nutrition security is at the core of Creadev’s mission in Africa. We believe that Victory Farms has an instrumental role to play in meeting the demand potential for affordable quality protein meals and the potential to become a pan African champion of access to food for the many,” said Pierre Fauvet, managing director Africa at Creadev.