We are glad to share that we have secured the funds needed to serve over 100,000 farmers in Ghana increase their incomes and protect their soils... and we're proud to have best in class partners such as Kielder Agro Group, join other incredible partners, such as Acumen, Mulago, Small Foundation. #morecashforthefarmer #regenerativefarming #climateheroes Antoine de Bourgknecht (Chairman of Kielder Agro)"With the integration of Warc Group into our ecosystem, I am confident that we will significantly enhance our impact within local communities, fostering sustainable improvements in their living standards." Jacqueline Novogratz (Founder & CEO of Acumen): "Warc Group has always believed that you can take subsistence farmers out of poverty and be stewards of the earth. Acumen was one of the first institutional investors in Warc and supported the organization with capital, strategic engagement and governance support, including relief funding during COVID. We are proud to see the company realize their vision, become financially sustainable and attract this critical capital to take them to the next stage of growth."
NEW: Warc raises $7.5 million for regenerative agriculture in West Africa (video) Argentinian entrepreneur Emiliano Mroue, CFA founded Ghana-based Warc Africa over a decade ago. The social enterprise serves roughly 20,000 smallholder farmers in Ghana and Sierra Leone with wholesale inputs and access to agriculture markets. Mroue funded Warc’s growth with patient capital from investors including Cordaid, Acumen, Ceniarth, as well as Mulago, Small Foundation and Dovetail Impact Foundation. Now, commercial investors are coming on board with $7.5 million to help boost the number of farmers Warc reaches five-fold. Swiss family office Kielder Agro Group led Warc’s series B round. US-based Rippleworks added a debt investment. “We are very happy to be able to show that commercial capital can work in this context,” Mroue told me in a video interview at FLII in Merída. “Without the impact capital we will not have gotten there.” Watch my interview with Mroue: https://lnkd.in/gbtpQDUC Read the full post on Warc's fundraise: https://lnkd.in/gDfyZAYy