Apollo Agriculture
About Apollo Agriculture
Apollo Agriculture is a AgriTech startup based in Nairobi, Kenya that has raised $68M in venture capital across 5 funding rounds since 2016. The company reached Series B stage in March 2022 with a $40M round led by SoftBank Vision Fund 2. Apollo Agriculture's investor base includes 14 institutional funds, with SoftBank Vision Fund 2 leading the most recent equity round.
Apollo Agriculture is a Nairobi-based agritech company that delivers bundled packages of credit, high-quality farm inputs, and agronomic advice to smallholder farmers across Kenya and Zambia. Founded in 2016 by Eli Pollak, Earl St Sauver, and Benjamin Njenga — all former colleagues at The Climate Corporation — Apollo uses satellite imagery, machine learning, and mobile technology to assess farm creditworthiness without requiring formal collateral or banking history. The company's core product is an integrated offering that pairs short-term crop loans with seeds, fertilizers, crop protection, and SMS-based agronomic advice, delivered through a network of local agrodealers. This 'high-tech, low-touch' model keeps operational costs low while reaching farmers who would otherwise be excluded from formal financial services. Apollo has served over 350,000 smallholder farmers and demonstrated the ability to double farm yields in its target markets. Apollo has raised over $67 million across equity and debt rounds, backed by SoftBank Vision Fund 2, Flourish Ventures, Anthemis, and the Chan Zuckerberg Initiative. In May 2026, Apollo and Kaleidofin closed Kenya's first private-sector agricultural securitisation — a KES 276 million (~$2.1M) transaction bundling 23,839 farmer loans, rated BBB- by Agusto, with IDH Farmfit Fund as the anchor investor. The deal is designed to unlock institutional capital at scale for agricultural lending across Africa.
Apollo Agriculture Funding Rounds Timeline
5 rounds · $68M raised · since 2016
| Round | Date | Amount | Valuation | Lead investor | Co-investors |
|---|---|---|---|---|---|
| DebtDebt | May 2026 | $2.1M | — | — | IDH Farmfit Fund, Kaleidofin |
| DebtDebt | January 2024 | $10M | — | Swedfund | ImpactConnect |
| Series B | March 2022 | $40M | — | SoftBank Vision Fund 2 | Chan Zuckerberg Initiative, Yara Growth Ventures, Endeavor Catalyst, British International Investment, Anthemis, Flourish Ventures, Leaps by Bayer, Breyer Capital, To Ventures Food |
| Series A | May 2020 | $6M | — | Anthemis | Leaps by Bayer, Flourish Ventures, To Ventures Food, Breyer Capital, Accion Venture Lab |
| Seed | 2016 | Undisclosed | — | — | Accion Venture Lab |
Investors in Apollo Agriculture
14 institutional investors across 5 rounds
Lead investors
Co-investors
Recent news about Apollo Agriculture
- FundingApollo Agriculture Secures $2.1M in Agri-Fintech DealMay 2026
Questions about Apollo Agriculture
How much has Apollo Agriculture raised?
Apollo Agriculture has raised $68M across 5 funding rounds since 2016.
Who are the investors of Apollo Agriculture?
Apollo Agriculture's investors include SoftBank Vision Fund 2, Anthemis, Swedfund, Flourish Ventures, Leaps by Bayer, Endeavor Catalyst, Chan Zuckerberg Initiative, Yara Growth Ventures, British International Investment, Breyer Capital, To Ventures Food, Accion Venture Lab, IDH Farmfit Fund, ImpactConnect.
When was Apollo Agriculture's last funding round?
Apollo Agriculture's most recent round was a $2.1M Debt in May 2026.
Where is Apollo Agriculture headquartered?
Apollo Agriculture is headquartered in Nairobi, Kenya, and was founded in 2016 by [object Object], [object Object], [object Object].