Poultry company Hatch Africa secured $9.5 million from AgDevCo and IDH Farmfit Fund to expand operations in Sub-Saharan Africa. The investment, directed to Flow Equity Africa Ventures (FEAV) in Kenya, Ghana, and Côte d’Ivoire, will support the growth of Hatch’s innovative model, benefiting millions of small-scale farmers.
This flexible funding aims to propel Hatch Africa towards pan-African expansion, currently serving 4.6 million households in Ethiopia, Uganda, Rwanda, Ghana, and Côte d’Ivoire. In October 2022, Hatch concluded a funding round of $14 million with AgDevCo, AHL Venture Partners, Acumen Resilient Agriculture Fund, and the Bill & Melinda Gates Foundation. Positioned strategically in a poultry market expected to grow by 1.5 to 2% in 2024, Hatch Africa is well poised to capitalize on this trend.
