The Acumen Resilient Agriculture Fund (ARAF), an equity fund that supports African agri-businesses that assist smallholder farmers in adapting to climate change, has raised USD 58 Mn. The fund is supported by FMO, the Soros Economic Development Fund, PROPARCO, the Children’s Investment Fund Foundation, IKEA Foundation, Global Social Impact, and other respected investors and funders. It is sponsored by Acumen and anchored by Green Climate Fund (GCF).
ARAF aims to create an ecosystem that allows smallholder farmers to boost their incomes and resilience by supporting agribusinesses that provide aggregation, digital platforms, and financial solutions. Acumen seeks to provide catalytic investment to help agribusinesses bridge funding gaps on their way to scale.