Dealflow | February 12, 2020

Dealflow: Oatly mulls IPO, SEAF Colombia backs Kingo, Farmcrowdy acquires Best Foods, Leap India raises

The team at


Greetings! Here’s the latest impact investing deal news.

Report: Alt-dairy maker Oatly considering IPO, sale and additional funding. The Malmö, Sweden-based company, growing at triple-digit annual rates, is looking for growth capital, according to a report from Mergermarket. The options: raising more than $100 million in growth capital, selling to a large consumer packaged goods company, or pursuing an IPO to ride on the coattails of the successful public offering of plant-based meat producer Beyond Meat.

SEAF Colombia Agribusiness Fund invests in off-grid solar firm Kingo. The undisclosed amount invested in the Bogotá-based company, which provides prepaid energy-as-a-service to more than 60,000 users, will be used to train Kingo’s network of local shopkeepers who sell solar credit to customers.

Nigeria’s farmer-focused Farmcrowdy acquires livestock business. Farmcrowdy, a digital marketplace for small farmers to buy goods and sell their products, has paid an undisclosed amount for a majority stake in Best Foods to build out its meat processing and production capacity. It will first focus on meat sales in the Lagos market, Disrupt Africa reports.

Leap India raises $23 million to improve grain storage efficiency. The Tamil Nadu-based agri-logistics firm was backed by Denmark’s SDG Investment Fund and Neev Fund. Neev is a sustainable development-focused private equity firm backed by the State Bank of India and U.K.’s Department for International Development (DFID).

–Feb. 12, 2020