Kentegra Biotechnology Holdings LLC

Two persons picking flowers in the field

In brief

Kentegra Biotechnology produces Pale Refined Extract from the pyrethrum flower sourced from smallholders in Kenya. The extract is a 100% natural ingredient in manufacturing insecticides, pesticides, and other agricultural and household formulations. Finnfund is investing USD 5 million in equity to support building a new processing facility in Kenya to expand the production capacity.

Main development impact

The company greatly impacts smallholder farmers' livelihoods as growing pyrethrum provides farmers with a steady income of over four times more than from alternative crops and timely payments throughout the year. The end product provides a healthier and environmentally friendly alternative to current synthetic versions of active pesticide ingredients, creating an unusually attractive market opportunity as there is a global movement away from synthetic pesticides. Kentegra is a 2X classified investment and is also considered a climate change adaptation investment at the company, society, and system levels due to introducing more climate-smart farming practices.

Investment details

Name: Kentegra Biotechnology Holdings LLC
Project number: 80000403
Region: Africa
Country: Kenya
Sector: Agriculture
Signing date (month/year): October 2022
Currency: USD
Finnfund's financing (commitment): 5,000,000
Instrument: Equity
Size of the project financing: USD 15,000,000
Share of Finnfund's financing (%): 33 %
Status: Active

Please note, that in principle, this information is given at the time of signature according to Finnfund's disclosure policy. However, in the case of investment funds, the share of Finnfund’s financing (%) is disclosed after the fund’s final closing, and information on the portfolio companies financed by the fund is updated at least once a year.

Other investments

Name Country Signing date (month/year) Currency Finnfund's financing (commitment) Instrument
Kentegra Biotechnology Holdings LLC Kenya June 2024 USD 500,000 Mezzanine
October

Key facts

Name:

Kentegra Biotechnology Holdings LLC

Sector:

Agriculture

Region:

Africa

Country:

Kenya

Currency:

USD

Finnfund's financing (commitment):

5,000,000

Signing date (month/year):

October 2022

Last update:

March 2023