AFEX
VC Fund
Abuja, Nigeria
AFEX is a provider of infrastructure and platforms drive capital to build a trust economy.
- Total investments:
- 1
- Last investment:
- Lead investor:
- 0%
Last updated:
For AI agents: llms.txt
Industries AFEX invests in
Stages AFEX invests in
Countries AFEX invests in
Investment Focus
Industry
- AgTech 1 (100%)
- Farming 1 (100%)
- Agriculture 1 (100%)
- Manufacturing 1 (100%)
Investments
| Company | Description | Round | Links |
|---|---|---|---|
Agricorp International Development Limited
|
Agricorp is a proudly Nigerian company that provides global exports to clients of ginger sourced in key trading markets in Kaduna (Nigeria). We currently have an origination processing facility in Nigeria.In 2019, the team invested in building a semi-mechanized processing facility in Kaduna, capable of processing over 5,000MT of ginger annually.The facility employs over 100 local workers (80% women) in the cleaning and sorting sections of the process. In 2020, the company established its UK entity (Agricorp Inc.) to support its marketing efforts in pushing more products to Europe.Nigeria is the second largest producer of ginger in the world, but meagerly accounts for just 3.5% of the export market share due to capacity constraints and consistency. With this investment, Agricorp can deliver on exporting ginger and other processed spices to major buyers in the Middle East, Europe and America. | $17.5M / Series A / Sep 02, 2021 |
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FAQ
What does AFEX invest in?
AFEX invests primarily in AgTech, Farming and Agriculture startups, most often at Series A stage. Most of the 1 investments tracked by Shizune back companies in Nigeria. The Investment Focus section breaks down every industry, stage and country in the portfolio.
When did AFEX last invest?
The most recent investment recorded for AFEX closed in Sep 2021. Shizune tracks 1 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.
Is Shizune's investor data accurate?
Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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