The $10,000-minimum notes drew a wide range of investors including individuals, non-profits, family offices and ImpactAssets’ Donor Advised Fund.
The Abuja-based company has developed a commodities exchange for products like sorghum, maize and cocoa sourced from more than 100,000 smallholder farmers.
Singapore’s Impact Investment Exchange helped ATEC raise the equity financing, which was led by French energy company ENGIE's impact fund.
- Production of the staple commodity that feeds 3.5 billion people needs a radical overhaul to reduce emissions and build resiliency to climate change.
- Agents of Impact are descending on Antigua, Guatemala this week for the fifth Foro Latinoamericano de Inversión de Impacto Centroamérica y El Caribe.
- A wave of digital and financial innovation is changing perceptions around the profitability of lending to small farmers in emerging markets.
- In a guest post on ImpactAlpha, agriculture finance experts from ISF Advisors and the RAF Learning Lab discuss how to “get smart” about donor objectives, about impact returns and about blending capital.