Factor(e) Ventures, Put Your Money Where Your Meaning Is Community (PYMWYMIC), the Doen Foundation, Energy Access Ventures, and the Montpelier Foundation have backed Inspirafarms.

The startup supplies modular solar cold storage, dairy chillers and food processing plants with 0% finance, technical assistance and full warranty to help small agribusinesses reduce post-harvest losses due to pests, heat and exposure to the elements.

After closing a €1.65m of Series-A investment InspiraFarms is expanding its operations and extending interest-free financing to small and growing agribusinesses in East Africa, Central America and beyond.

“Our technology is a game changer for small scale agribusinesses. With food-safe cold-chain processing capabilities, a small-scale farming operation can not only stem post-harvest loss, but also diversify its business and income, create jobs and get a foothold in the global supply chain,” said InspiraFarms Technical Director Michele Bruni.

Factor(e) Ventures is a venture impact development firm investing in and partnering with high impact technology ventures energy access, agriculture, waste and resource management, and sustainable mobility.

Energy Access Ventures is a venture firm that invests in dynamic and innovative companies working in energy access in Africa, having as sponsor and investor the French multinational Schneider Electric and investors such as CDC Group (UK), the European Investment Bank, the Fonds d’Investissement et de Soutien aux Entreprises en Afrique (FISEA) the Fonds Français pour l’Environnement Mondial (FFEM) and the OPEC Fund for International Development (OFID).

PYMWYMIC is an active investors’ community of families, individuals and foundations who support for-profit companies creating global impact.

The Montpelier Foundation empowers disadvantaged people around the world through investments and grant programs with a focus on education, agriculture and energy.

Finally, the Doen Foundation offers subsidies, equity investments and loans for green activities, socially inclusive projects and creative initiatives.

Tim Chambers, InspiraFarms Managing Director, said: “Thanks to partnerships with groups focused on the advancement of sustainable businesses, building the circular economy, and creating employment opportunities, we’ll be able to help more rural communities overcome the challenges of distance to markets and access to energy."

"We’re excited to partner with the likeminded investors at Factor(e) Ventures, PYMWYMIC, Energy Access Ventures, the Montpelier Foundation and the Doen Foundation,” he added.