Interview: Why AgVentures is betting on agrifood tech in Africa

“We are at the start of an agrifood tech revolution in Africa and many legacy business models will be disrupted over time.”

So says Gerhard Visagie, co-founder of AgVentures, a South African investment company which backs early-stage tech-enabled businesses with the potential to transform Africa’s agriculture and food industry. AgVentures recently raised an anchor investment of R100 million (about $5.4 million) from Acorn Agri & Food and also announced its first investment.

“We are at the start of an agrifood tech revolution in Africa and many legacy business models will be disrupted over time.”

So says Gerhard Visagie, co-founder of AgVentures, a South African investment company which backs early-stage tech-enabled businesses with the potential to transform Africa’s agriculture and food industry. AgVentures recently raised an anchor investment of R100 million (about $5.4 million) from Acorn Agri & Food and also announced its first investment.