InfraCo Africa reposted this
Discover how InspiraFarms Cooling is transforming agricultural cold chains across Africa 🧊⤵️ With 30%-50% of crops produced on the continent ending up in landfills due to inadequate cooling, InspiraFarms Cooling set out to significantly reduce #FoodWaste and energy costs. Founded in 2012, the company develops and provides modular and energy-efficient cold rooms and pack-houses for fresh fruit, vegetable, flower and animal protein supply chains across #Africa. Today, clients in over 16 countries are saving on their electricity bills and preserving the quality of their produce while boosting livelihoods and creating more jobs within the cold chain 🌾 Facing challenges to raise finance, including those posed by the Covid-19 pandemic and the launch of their lease-to-own model, the GET.invest #FinanceCatalyst supported InspiraFarms with strategic advisory. This included further development of the lease-to-own model and preparation for investor discussions, as well as financial structuring, fundraising support and transaction advisory later on 💼 As a result of the fundraising efforts, the infrastructure investor InfraCo Africa led a 5m EUR deal to support the roll-out of the lease-to-own model. Thanks to this, InspiraFarms is now able to pilot this model and deploy more cooling assets across target countries in East Africa, as well as Ghana and Zimbabwe. We are excited to see InspiraFarms making efficient #cooling accessible to even more agri-businesses across Africa! 🎉 Read the full story ➡️ https://lnkd.in/gehdfGUN With Julian Mitchell and Daniele Guidi