Grace Ashiru
Pyramidia Ventures is an agri-food supply venture studio with a portfolio company called Stable Foods. Stable Foods has made a complete solution that includes irrigation-as-a-service (IaaS), the availability of inputs and offtake contracts, and training on best practices for regenerative agriculture.
Small-scale farmers can choose from a menu of services to find the best way to solve their problems.
By the end of 2023, 500 farmers will have implemented Stable Foods’ proof of concept with the support of $600,000 from Mercy Corps Ventures and the Acumen Resilient Agriculture Fund (ARAF).
Ruth Bertens, who started Pyramidia Ventures and is now its managing partner, said, “We are happy with this round of funding for our very first project to come out of the studio.
The goals of ARAF and Mercy Corps Ventures match up perfectly, and we are so happy that the whole Stable Foods team was able to find such great partners.
“Stable Foods is a great addition to ARAF’s portfolio firms, where we invest in new business models that help smallholder farmers adapt to climate change,” says Tamer El Raghy, the organisation’s general director.
It is impossible to overstate the impact of climate change on rain patterns, and we believe Stable Foods’ Irrigation-as-a-Service technology is a game changer for the industry.
Techbuild’s Take
Stable Food aims to build an ecosystem of agribusinesses that are good for the environment and can feed a growing population while regenerating the earth. The company wants to start up a few new businesses each year.
They begin with a bold idea that will drastically reduce the cost of food production for both humans and the environment.
The evaluation of ideas is carried out utilising a scientific and data-driven procedure that includes speedy field testing of product-market fit. Stable Foods can scale rapidly and successfully match talent with our many business operations.
Stable Foods was inspired by Victory Farms, Africa’s fastest-growing and most financially viable end-to-end fish protein supply chain solution, which was established using their lessons gained and successes.
The new funding will assist the agritech startup in implementing its learned and proven concept among Farmers.
