Zebu Investment Partners has acquired a majority equity stake in South African Ag-Tech company IQ Logistica (IQL). The acquisition took place through the private equity firm’s sophomore fund, the Africa Food Security Fund.
This investment is reportedly the fund’s first foray into the agtech sector.
It is worth noting that IQL is the developer of a cloud-based platform used to collect information for the purposes of tracing agri-outputs and related key data.
On the othe hand, the AFS Fund focuses on food production and processing across Africa.