Kenyan-based agritech startup Stable Foods has raised $600,000 in a new funding round led by Acumen Resilient Agriculture Fund (ARAF) and Mercy Corps Ventures.

The funding will be used to build out Stable Foods' climate-smart smallholder food production system across the East African country and to scale up the startup's proof of concept to 500 farmers by the end of 2023.  

According to the startup, which is a portfolio company of Pyramidia Ventures, an agrifood-tech venture studio, Stable Foods has developed an integrated solution that includes Irrigation-as-a-service (IaaS), provision of inputs and offtake contracts, and training on regenerative agriculture best practises. These services will be offered to smallholder farmers as a menu, allowing them to layer solutions to meet their specific needs. 

READ ALSO - Kenyan BasiGo Secures $6.6M For Commercial Delivery of Electric Buses

“We are thrilled with this round of funding in our very first venture coming out of the studio,” said Ruth Bertens, founder and managing partner of Pyramidia Ventures. “ARAF and Mercy Corps Ventures are fully aligned with Stable Foods’ mission and we could not be more proud of the entire Stable Foods team for getting such high-quality partners on board.”

“Stable Foods is another great addition to ARAF’s portfolio companies where we invest in innovative business models that help smallholder farmers adapt to climate change,” said Tamer El Raghy, managing director of ARAF. “The negative impact of climate change on rain patterns can’t be overstated and we believe that the Irrigation-as-a-Service solution that Stable Foods is offering represents a revolutionary service in the market.”