In the last year, we have managed to close further investments across our portfolio of startups: Gjenge Makers in the summer (which allows them to double their production capacity and move into bricks for housing), ACT in the winter (which allows them to expand their activities, creating jobs, getting rid of hundred of thousands of kilos of fashion waste, and showing us all the power of circular economy). And the next in line is M-Shamba, which we will hopefully sign in the next weeks (which will allow them to reach the other half of Kenya’s counties and build digital payment options for smallholders which will help them hire harvest assistants). If we continue to go at this scale, our current generation of startups will be funded by the summer, and we can select a new generation, a process we are kicking off in March.
Financing Continues
By Till Wahnbaeck
March 15, 2023
About Till Wahnbaeck
Till Wahnbaeck
Ex-CEO of Welthungerhilfe and private sector General Manager, champion of innovation.
Till ran both for profit companies and a global NGO and has always strived to bridge the gap between the social and the private sector. As global CEO of Welthungerhilfe (a German food- and nutrition-security NGO with 2,500 staff in 40 countries and a budget of 250mio$), he championed innovation and impact. Previously, as Marketing, Sales and Innovation Director for consumer goods company, Procter & Gamble, he built innovation methods and processes to rejuvenate P&G’s global salon portfolio.
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