Stable Foods, Kenyan Agritech Startup Receives $600K to Build Integrated Solutions

Stable Foods, Kenyan Agritech Startup Receives $600K to Build Integrated Solutions

Stable Foods, a Kenyan-based agritech portfolio company of Pyramidia Ventures, an agrifood-tech venture studio has today announced receiving $600, 000 in investments from Acumen Resilient Agriculture Fund (ARAF) and Mercy Corps Ventures to scale up Stable Foods’ proof of concept to 500 farmers by the end of 2023.

Also, the agritech startup has developed an integrated solution that includes Irrigation-as-a-service (IaaS), provision of inputs and offtake contracts, and training on regenerative agriculture best practices. These services are offered as a menu to smallholder farmers, allowing them to layer solutions as suit their individual needs.

Commenting on the investment, Ruth Bertens, founder and managing partner of Pyramidia Ventures said “We are thrilled with this round of funding in our very first venture coming out of the studio. ARAF and Mercy Corps Ventures are fully aligned with Stable Foods’ mission and we could not be more proud of the entire Stable Foods team for getting such high-quality partners on board.”

While Tamer El Raghy, managing director of ARAF said “Stable Foods is another great addition to ARAF’s portfolio companies where we invest in innovative business models that help smallholder farmers adapt to climate change. The negative impact of climate change on rain patterns can’t be overstated. We believe that the Irrigation-as-a-Service solution that Stable Foods offers represents a revolutionary service in the market.”

Stable Food plans to build an ecosystem of environmentally friendly agribusinesses that can feed an expanding population while also regenerating the planet.

They start with a radical idea that will drastically reduce the cost of food production for both humans and the environment. Ideas are evaluated using a methodical, data-driven process that includes quick product-market fit field testing.

The startup’s model was inspired by Victory Farms, Africa’s fastest-growing and most financially viable end-to-end fish protein supply chain solution provider.