Ingressive Capital has invested in Complete Farmer, an agritech platform that allows users to own shares in tech-enabled farms. The startup has implemented crowd-funding for the farming of over 7,200 acres of land which provides produce to mainly Asia and Europe since its establishment in 2017. The amount invested or the stake acquired was not disclosed but it is estimated that a 10% stake was acquired based on the firm’s investment philosophy.
Ingressive Capital is a Nigerian based venture capital firm established in 2017 and invests in brilliant, resourceful founders with demonstrated grit building tech-enabled businesses in Africa. Ingressive Capital typically takes a 10% stake and invests up to US$400,000 per company. Its investments are strictly allocated as follows – US$50,000 in companies valued at US$500,000 or US$100,000 in companies valued at US$1-million or US$200,000 in companies valued at US$2-million as well as a US$250,000 follow-on investment into high-performing portfolio companies.
Ingressive Capital has invested in successful tech-enabled companies such as Paystack (technology company solving payments problems), Tizeti (provider of high speed broadband internet to residences & businesses), Jetstream (full service logistics between farms & factories in Africa), Funneljoy (all-in-one cloud-based platform), Vesicash (provider of secure, simple, affordable & reliable digital payment services) and Bamboo (trading platform for stocks listed on the Nigerian & US stock exchanges) among others. Investors in Ingressive Capital includes Platform Capital, Plexo Capital and the Nigeria Sovereign Investment Authority amongst others.