Swedfund commits $15m to Phatisa Food Fund 3
The commitment forms part of an $86 million first close.
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Swedfund – Sweden’s development finance institution – is investing $15 million in Phatisa Food Fund 3 (PFF 3), which focuses on established companies across the food value chain in multiple African markets.
Phatisa Food Fund 3 will invest in companies seeking to grow or transition ownership.
“Strengthening food systems is essential for inclusive and resilient growth across African markets. Through this investment, we help channel long-term capital to companies that can expand production, support decent jobs, and improve access to affordable and nutritious food. The investment also contributes to deeper value chain integration, supporting more stable and sustainable livelihoods over time,” says Sebastian Süllmann, investment manager for food systems at Swedfund.
Swedfund’s investment is part of an $86 million first close, together with development finance institutions BII, Norfund, IFC, and FinDev Canada.
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