About ACRE Africa
ACRE Africa is a company based in Nairobi (Kenya) founded in 2009. It operates as a AgriTech Models, and Professional Services. ACRE Africa offers products and services including Crop Insurance, Livestock Insurance, and Picture-Based Insurance.
- Headquarter Nairobi, Kenya
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Sectors
Agriculture
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Email
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Phone
*********
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Website
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Social
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- Legal Name Agriculture And Climate Risk Enterprise Ltd. (Acre)
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
International Finance Corporation
& 2 more
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Employee Count
Employee Count
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Products & Services of ACRE Africa
ACRE Africa offers a comprehensive portfolio of products and services, including Crop Insurance, Livestock Insurance, and Picture-Based Insurance. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Crop risks are covered for smallholder farmers in Africa.
Livestock protection is provided against various climate risks.
Crop damage is assessed using smartphone pictures for claims.
Funding Insights of ACRE Africa
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2014 | Amount | Series A - ACRE Africa | Valuation |
investors |
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| Jun, 2009 | Amount | Seed - ACRE Africa | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in ACRE Africa
ACRE Africa has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include International Finance Corporation, LGT and Syngenta Foundation. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Impact ventures are funded globally by LGT across key sectors.
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Founded Year | Domain | Location | |
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IFC is focused on private sector development in emerging markets.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by ACRE Africa
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - ACRE Africa
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Acre Africa Comparisons
Competitors of ACRE Africa
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about ACRE Africa
When was ACRE Africa founded?
ACRE Africa was founded in 2009.
Where is ACRE Africa located?
ACRE Africa is headquartered in Nairobi, Kenya.
Who is the current CEO of ACRE Africa?
Rahab Kariuki is the current CEO of ACRE Africa.
What does ACRE Africa do?
Insurance solutions are provided by ACRE Africa to mitigate agricultural and climate-related risks for smallholder farmers across Africa. Operations are focused on the agricultural sector, offering products like crop, livestock, and picture-based insurance. Presence is maintained in multiple African countries including Kenya, Rwanda, Tanzania, Zambia, and Nigeria, with projects in additional regions. Innovative approaches are employed to make insurance accessible and affordable, supporting farmers through mobile technology and training. Equity, fairness, and transformation in agriculture are promoted through these tailored risk management solutions.
What products or services does ACRE Africa offer?
ACRE Africa offers Crop Insurance, Livestock Insurance, and Picture-Based Insurance.
Who are ACRE Africa's investors?
ACRE Africa has 3 investors. Key investors include International Finance Corporation, LGT, and Syngenta Foundation.