Khulisani Ventures, the venture capital arm of the Mineworkers Investment Company (MIO), has identified Livestock Wealth, a South African crowd-farming startup, as the “ideal illustration” of the type of company it hopes to back.
The MIO’s chief investment officer, Nchaupe Khaole, has verified that R10 million has been invested in Livestock Wealth by Khulisani Ventures. Livestock Wealth was established in Johannesburg by Ntuthuko Shezi, and it provides financing specifically for livestock. It facilitates the transfer of capital from investors to farmers in need of financing via the cattle investment medium.
“Inventions and innovations are the engines that power the growth of our economy,” remarks Khaole. “Livestock Wealth is one such entity, with innovation at its heart. It is the perfect example of the kind of companies we continue to seek out mutually beneficial partnerships with.”
A Look At What The Startup Does
Since its inception in 2015, the company has guided tens of thousands of investors toward real, growing assets such as livestock, free-range oxen, organic garden tunnels, and macadamia trees.
Thato Ntseare, the manager of MIC’s impact investments, cites Livestock Wealth’s ease of use as a major factor in the company’s appeal. Livestock Wealth makes it possible for anyone to purchase and own real profit-earning assets, while also assisting farmers in the cultivation and maintenance of such assets prior to their sale. To expand, “they have embraced innovation and recognised that developing inventive answers to challenges is the best approach,” he says.
Shezi, who is also Livestock Wealth’s CEO, believes that the collaboration with MIC will be essential in helping his firm achieve its expansion goals, including as increasing its exposure to new markets and capitalising on emerging possibilities.
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“Farming is one of the oldest pillars of generational wealth. We understood this at Livestock Wealth and created a platform to make investment in farming accessible to anyone, anywhere. Which is why we, at Livestock Wealth, are so thrilled about this partnership with Khulisani Ventures. MIC’s investment in our company will allow us to scale our technology offering and prepare for growth beyond South Africa.:
Khulisani Ventures claims in a press release that it is dedicated to helping black-owned businesses of all sizes and stages realise their full growth potential.
Livestock Wealth South African Livestock Wealth South African
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africa’s burgeoning tech startup industry. He has closed multi-million dollar deals bordering on venture capital, private equity, intellectual property (trademark, patent or design, etc.), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. He’s also a corporate governance and cross-border data privacy and tax expert.
As an award-winning writer and researcher, he is passionate about telling the African startup story, and is one of the continent’s pioneers in this regard. You can book a session and speak with him using the link: https://insightsbyexpert