When our research team at MOHAC AFRICA started pulling numbers for this report, one figure stopped us for a moment: agriculture’s share of Africa’s GDP has actually fallen. It dropped to 17% in 2025, down from 18% in 2020, according to the African Development Bank’s Annual Development Effectiveness Review 2026. That is not a small shift for a sector that still employs more people than any other on the continent.
Here is what makes it harder. Africa holds close to 65% of the world’s remaining uncultivated arable land, yet the continent spends nearly $70 billion every year importing food it has the land to grow itself. Cereal yields sit at 1.68 metric tons per hectare, less than half the global average of 4.2. An estimated 307 million people across the continent face hunger or undernourishment right now, and projections suggest that by 2030, nearly 60% of the world’s chronically hungry population will live in Africa.
None of this is happening because African farmers and founders lack ideas. It is happening because capital is not reaching them. This is the gap that finding funding for agricultural startups in Africa is meant to close, and it is also, when you look at it from an investment angle, one of the more overlooked opportunities on the continent right now. African leaders have set a target of mobilizing $100 billion by 2035 to transform agri-food systems under the Comprehensive Africa Agriculture Development Programme (CAADP). That target will not be met by governments alone. It needs founders who know how to build, and it needs those founders to know exactly where the money is.
This guide walks through where that funding actually sits in 2026: government-backed schemes, development finance institutions, grants for young founders, dedicated funding for women in agriculture, and the venture capital and private investors putting real money into African agritech. We built it from primary data sources including the African Development Bank, the International Finance Corporation, Partech Africa, AVCA, and Briter Bridges, because founders deserve numbers they can actually use, not vague promises about “opportunity.” If you want the wider picture of how African founders across every sector are raising capital right now, our state of entrepreneurship in Africa report is a useful companion to this guide.
Why Agriculture Is Africa’s Biggest Untapped Investment Opportunity
Most conversations about African startups jump straight to fintech. That makes sense given how much fintech has raised over the past decade, but it also means agriculture gets treated as an afterthought, when the underlying numbers tell a different story.
Consider what Africa is sitting on. Nearly two-thirds of the world’s uncultivated arable land is here. Most of it is undercapitalized, poorly connected to markets, and farmed with tools and methods that have not changed in generations. Cereal yields, at 1.68 metric tons per hectare, lag so far behind the global average that closing even half that gap would meaningfully change food security numbers across several countries at once.
Then there is the labor question. Agriculture remains the single largest employer on the continent, and it is one of the few sectors positioned to absorb the roughly 11 million young people entering Africa’s job market every year, a figure the African Development Bank has flagged as central to its agriculture strategy. A startup that improves how smallholder farmers access markets, store their harvest, or get paid is not just building a business. It is addressing one of the more urgent employment problems on the continent, one we broke down in detail in our report on the unemployment rate in Africa.
The financing gap conversation matters here too, because it cuts both ways. Yes, agriculture is underfunded relative to its economic importance. But for founders and investors, that same gap is where the opportunity sits. Sectors that are already saturated with capital, like fintech, are harder to break into and command steeper valuations. Agriculture, cold chain, and agri-processing are still early enough that a well-run startup with a clear value proposition can stand out.
The CAADP target of mobilizing $100 billion by 2035 gives the sector a real deadline and a real number to work toward. That kind of continental commitment tends to unlock parallel private investment, since development finance institutions rarely move alone. When public capital sets a direction, private capital tends to follow within a few years. For founders building now, that timing matters. Getting funding for agricultural startups in Africa today, while the sector is still being rebuilt, puts a founder ahead of the wave rather than chasing it later.
The Margin of Africa’s Agriculture Financing Gap
Numbers on this topic vary depending on who is measuring and what they count, so it is worth being upfront about the range rather than picking whichever figure sounds most dramatic.
Some analyses, drawing on a mix of institutional data, put the annual agriculture financing gap somewhere between $75 billion and $200 billion. That is a wide range, but even the low end represents an enormous shortfall. The International Finance Corporation has done some of the more detailed modeling here, estimating $117 billion in unmet financing need across agri-SMEs and smallholder farmers in Sub-Saharan Africa alone. That figure covers everything from short-term working capital for inputs to long-term investment in equipment, processing, and aggregation infrastructure.
Break it down further and the picture gets sharper. Roughly 130,000 agricultural SMEs operate across the continent, and together they need close to $90 billion a year to function and grow. What they actually receive from formal financial institutions is somewhere between $15 billion and $20 billion. That leaves the vast majority of demand unmet, year after year. Agriculture, despite employing the largest share of Africa’s workforce, receives less than 5% of commercial bank lending on the continent, a number that has barely moved in over a decade.
Zoom out further and the scale becomes even clearer. The African Development Bank puts the continent’s overall annual development financing gap, covering infrastructure, energy, food security, climate adaptation, and job creation, at around $400 billion, a shortfall we examined more broadly in our infrastructure gap in Africa report. Agriculture’s share of that gap is one of the largest single components, which is part of why the AfDB has made agriculture a central pillar of its New African Financial Architecture for Development framework, launched in 2026 to help mobilize the continent’s own savings and pension assets toward productive investment. The pattern echoes what we found researching the SME finance gap in Africa, where small businesses across every sector, not just agriculture, are chronically underserved by formal lenders.
For a founder trying to raise funding for agricultural startups in Africa, this gap is not just background context. It shapes what kind of capital is realistically available at each stage. Formal bank lending is scarce and cautious. That is exactly why grants, blended finance, and loan guarantee schemes have become the primary entry point for most early-stage agri-founders, a pattern that shows up clearly once you look at where the money in this sector actually comes from.
It also explains why so many African governments are now looking inward for solutions rather than waiting on external aid. The African Development Bank’s new financial architecture framework is built around a simple observation: African pension funds and sovereign wealth assets already hold an estimated $4 trillion in capital, most of it invested outside agriculture and outside the continent’s own productive sectors. Redirecting even a small share of that domestic capital toward agri-SME financing could close a meaningful part of the gap without relying on foreign aid, which has been declining in recent years as donor countries tighten their own budgets. For founders, this shift matters because it points toward where new funding sources are likely to emerge over the next few years: local pension-backed funds, regional development banks, and blended vehicles that pair public risk capital with private lending, rather than the traditional model of waiting on international grants alone.
How Much Venture Capital Is Actually Going Into African Agritech
Here is where founders need a dose of realism before they start pitching. African agritech does not attract anywhere near the venture capital that fintech does, and the sector has been volatile over the past few years.
According to TechCabal’s tracking, agritech funding across Africa fell to $168.1 million in 2025, down from $206.9 million in 2024. Both figures sit far below the sector’s peak of $776 million in 2022. Briter Bridges, which uses a different methodology, counted $118 million in agritech equity for 2025, actually up 72% year on year, with East Africa taking 41% of total deal value. Interestingly, half of the sector’s largest deals in 2025 went to processing and cold-chain logistics companies rather than farm-gate apps aimed directly at smallholders, a signal that investors are increasingly drawn to the infrastructure layer of agriculture rather than consumer-facing tools. This mirrors a broader shift we tracked across tech startups in Africa in 2026, where infrastructure-focused companies are increasingly winning over consumer apps.
The start of 2026 looked grim on paper. African agritech startups raised just $200,000 combined in January, an almost negligible sum for a sector this size. Then the picture shifted fast. February brought $55 million in agritech funding. March delivered a single $91 million agro-industrial deal out of Morocco. By mid-year, catalytic funders had closed a cluster of smaller but meaningful checks across multiple countries.
Who is actually writing these checks matters as much as the totals. Development finance institutions and catalytic investors, including Proparco, British International Investment, the IFC, and accelerator-investor Cascador, dominate agritech funding in Africa right now. Traditional venture capital firms are present, but they tend to write smaller checks, usually under $2 million, and they concentrate on companies that already show clear commercial traction.
There is a genuinely encouraging data point buried in here for women founders. Agritech was one of only two sectors, alongside insurtech, to reach full gender parity in equity funding in 2025. Female-founded agritech startups raised 58% of total sector funding that year, up from 51% in 2024, even though they represented a smaller share of total deals. That is a meaningful signal for anyone building a women-led agribusiness and weighing where to focus fundraising energy.
Debt financing is also becoming a bigger part of the picture across African startups generally, agriculture included. African startups raised a record $1.6 billion in debt in 2025, up 63% year on year, and debt now accounts for 41% of all capital raised on the continent, a trend we cover in more depth in our guide to seed funding for African startups. For agri-founders with predictable revenue, like processors or input distributors, this shift matters. It means lenders are increasingly willing to finance proven business models without demanding equity in return.
Types of Funding Available to African Agri-Startups
Before diving into specific programs, it helps to understand the different categories of funding, because applying for the wrong type at the wrong stage is one of the more common and avoidable mistakes founders make.
Grants are non-repayable funds, usually awarded for research, pilot projects, or early-stage ventures that have not yet generated meaningful revenue. Grants are competitive and often come with reporting requirements, but they do not cost founders any equity or interest.
Loan guarantees and blended finance work by reducing risk for commercial banks that would otherwise avoid lending to agriculture. A guarantee scheme covers part of the potential loss if a borrower defaults, which makes banks more willing to lend to agribusinesses they would normally consider too risky.
Equity, or venture capital, involves an investor providing capital in exchange for a percentage ownership of the company. This suits startups with strong growth potential and a business model that can scale quickly, since investors are betting on a future sale or exit.
Venture debt is a loan structured specifically for startups, often used alongside equity funding or as a bridge between funding rounds. It suits businesses with predictable revenue that want to avoid giving up more ownership than necessary.
Accelerator and incubator funding combines a smaller amount of direct cash with mentorship, technical support, and sometimes in-kind resources like cloud credits or lab access. These programs are especially useful for first-time founders who need structure and networks as much as capital.
Matching the right funding type to a startup’s actual stage saves founders months of wasted applications. A pre-revenue agritech idea has almost no chance with a venture capital fund looking for traction, but it has a real shot with a grant or accelerator built for early-stage founders. For a broader look at how these categories play out beyond agriculture, our guides to business grants for African entrepreneurs and startup funding opportunities for Africans break down eligibility and timelines sector by sector.
Government-Backed and Development Finance Institution Funding
This is where most of the money in African agriculture currently sits, and it is where founders should generally start.
NIRSAL, Nigeria’s Incentive-Based Risk Sharing System for Agricultural Lending, is one of the continent’s clearest examples of how a guarantee scheme can unlock private lending. With $500 million in authorized capital, NIRSAL guaranteed over $69 million in agricultural loans in 2025 alone, helping banks finance parts of the agricultural value chain they would otherwise consider too risky to touch. Founders based in Nigeria working with formal banking partners should look into NIRSAL-backed loan products specifically.
FASA, Financing for Agri-SMEs in Africa, works differently. It is a fund-of-funds, meaning it does not lend directly to startups but instead channels catalytic capital into investment vehicles that are active in African agriculture. Through those funds, FASA supports investment ranging from $15,000 to $5 million for growing agri-SMEs across the continent. For founders, this usually means applying to a fund that FASA backs, rather than to FASA itself.
AATIF, the Africa Agriculture and Trade Investment Fund, focuses on larger-scale operations, providing patient debt financing starting at $3 million for agribusinesses involved in large-scale processing and regional logistics. This is not an entry point for early-stage founders, but it becomes relevant once a business has grown into a serious processing or trade operation.
In South Africa, the IDC Agro-Processing and Agriculture Fund, run through the Industrial Development Corporation, provides ongoing financing for large-scale agro-processing and agricultural infrastructure projects. South African founders also have access to government grant schemes like CASP and Ilima/Letsema, along with a growing agri-crowdfunding market that has raised more than R50 million for local agricultural startups over the past five years, a sign that retail investors are also willing to back agriculture when given accessible platforms.
The common thread across these programs is patience. Development finance institutions and government-backed funds tend to move on longer timelines than venture capital, but they also tolerate more risk and lower initial revenue than private investors typically will. That trade-off makes them the right first stop for most founders trying to secure funding for agricultural startups in Africa before they have built a track record that private investors will take seriously, and it lines up with the broader patterns we found researching sustainable business growth in Africa.
Grants and Accelerators for Youth and Early-Stage Founders
Young founders across Africa have more entry points into agriculture funding than most people realize, and several of the strongest programs are explicitly built around youth participation.
The Tony Elumelu Foundation Entrepreneurship Programme remains one of the most accessible programs on the continent. It is open to citizens and legal residents across all 54 African countries, aged 18 and above, and agriculture is explicitly listed among its supported sectors. Applications are accepted in English, French, and Portuguese, which makes it one of the more genuinely pan-African programs available. Beyond the seed capital itself, recipients gain structured business training and access to an alumni network that continues to generate value well after the funding round ends.
The AFRISE Challenge, run by Hindsight Ventures, is built specifically for founders between 18 and 35 years old working on scalable solutions in healthcare, agriculture, and financial services. It is open to applicants based in Nigeria, Uganda, Morocco, Kenya, Rwanda, Ghana, Côte d’Ivoire, or Senegal. Participants go through a four-week virtual bootcamp, receive mentorship from industry experts, and gain access to more than $600,000 in technology credits from partners including AWS and Microsoft. The program ends with an international demo day where the strongest fifteen startups pitch for both grant and equity funding.
The UNDP Pan-African Incubation Network is open to startups based anywhere in Africa, or to teams building technology aimed at African agricultural markets, provided they already have a committed team and at least a working prototype or minimum viable product. While the program does not advertise a fixed cash grant, participants get structured incubation support, mentorship, and access to a continental network of investors, which often matters more than a small upfront check for founders still refining their product.
For founders with a research background, the TWAS grant (offered through The World Academy of Sciences) provides up to $15,000 for agricultural scientists, soil researchers, and biological innovators based at African research institutions, along with ongoing access to a scientific community that extends well past the funding itself.
Timing matters with all of these programs. Application windows open and close on tight schedules, and most receive far more applications than they can fund. Founders serious about winning youth-focused agricultural grants should treat this as an ongoing process, not a one-time application, tracking multiple deadlines across the year rather than waiting for a single perfect opportunity. Building the right technical and digital skills ahead of time also helps applications stand out, something we cover in our piece on tech skills for African youths.
Funding Specifically for Women in Agriculture
Women make up a large share of Africa’s agricultural workforce, and funders have started to respond with dedicated programs, though there is still real ground to cover before access matches contribution.
AWARD, African Women in Agricultural Research and Development, runs the Women in Agriculture Leadership Program, which strengthens the leadership and research skills of female scientists working on climate-responsive agriculture. This program focuses on capacity building as much as direct funding, which makes it a strong fit for women pursuing research-driven agricultural ventures rather than pure commercial startups.
The Africa Enterprise Challenge Fund’s Investing in Women window is one of the larger dedicated pools of capital for women-led agribusinesses, offering funding from $50,000 up to $1,000,000. That range makes it accessible to both early-stage ventures and businesses further along in their growth, which is relatively rare among gender-focused funds that often cap out at much smaller amounts.
EIT Food’s Women in Agrifood programme targets women entrepreneurs working at the intersection of food technology and agriculture. It offers €10,000 in direct funding, but the mentorship component is arguably just as valuable, connecting recipients with a network of European agri-food industry leaders and investors that many African founders would otherwise struggle to access.
The AfNet Flexible Grant supports initiatives led by women creating positive change in their communities, with a broader mandate that can include agricultural projects tied to food security or livelihoods.
The funding data backs up why these programs matter. As covered earlier, agritech reached full gender parity in equity funding in 2025, with female-founded startups capturing 58% of total sector funding, a sharp jump from most other tech sectors in Africa where women-led startups still receive a small fraction of available capital. Agriculture is quietly becoming one of the better sectors for women seeking startup capital on the continent, and founders should treat that as a real strategic advantage rather than a side note. For more on the broader landscape women entrepreneurs are navigating across Africa, our earlier piece on women in African entrepreneurship goes deeper into the structural challenges and openings.
Venture Capital and Private Investors Backing African Agritech
Real deals tell you more about what investors want than any funding list can, so it is worth looking at what actually got funded recently.
The largest agri-deal of the year so far came out of Morocco. Africa Feed & Food closed MAD 850 million, roughly $91.3 million, in March 2026, backed by RNAF III, a North African fund managed by RMBV, alongside development finance institution Proparco. The company runs integrated milling and animal-feed operations spanning durum wheat, soft wheat, and barley, which fits the broader pattern of investors favoring large-scale, established agro-industrial operations over early-stage bets.
At the smaller end, Koolboks raised $1.5 million from Cascador to manufacture pay-as-you-go solar freezers for food vendors and farmers, directly addressing the cold-chain gap that causes so much post-harvest loss across the continent. Eja-Ice, backed by Shell-seeded impact investor All On, raised $1 million to build off-grid solar freezers, cold rooms, and cooling tricycles. Both deals point to the same underlying problem: Sub-Saharan Africa loses between 20% and 40% of its crops after harvest, largely due to inadequate cooling and storage infrastructure. Investors have clearly noticed, since a large share of 2026’s funded agritech deals in Nigeria alone went to companies building cooling or cooking hardware.
Logistics is another area pulling in serious capital. Logidoo, a Senegalese logistics platform backed by Mercy Corps Ventures, matches freight capacity across eight West and North African corridors, explicitly targeting the spoilage that happens when agricultural cooperatives move goods across borders under the African Continental Free Trade Area framework.
The investors showing up repeatedly across these deals are worth knowing by name: Proparco, British International Investment, the IFC, Cascador, Launch Africa Ventures, and Mercy Corps Ventures. Classic venture capital firms appear at the edges of this market, usually writing checks below $2 million, but catalytic and development-focused capital is still doing most of the heavy lifting in African agritech, a pattern the Milken Institute has also documented in its own research on closing the sector’s financing gap. For founders raising funding for agricultural startups in Africa right now, that means researching these specific investors and their portfolio patterns will produce better results than a generic pitch to any fund with “Africa” in its name.
How to Apply and Get Funded
Understanding where the money is matters less if a founder does not know how to actually get in front of it. Here is a realistic path, built around actual program timelines rather than optimistic guesses.
Start with your documentation. Business registration, basic financial records, and a clear description of what your business does and who it serves are non-negotiable for almost every program, from small grants to large venture rounds. Founders who wait until they are mid-application to sort this out lose weeks they cannot afford. Our guide to funding opportunities for African entrepreneurs has a more detailed breakdown of the documents most programs ask for.
Match your stage to the right funding type. A pre-revenue idea should target grants and accelerators, not venture capital. A business with steady revenue and a clear growth plan is better positioned for loan guarantees, venture debt, or early-stage equity.
Build your pitch materials early. A clear one-page summary, a simple financial model, and evidence of traction, even early traction like a working pilot or a small group of paying customers, go a long way. Investors and grant committees see hundreds of applications and respond to clarity over polish.
Understand realistic timelines. Grant programs typically take three to six months from application to disbursement. Accelerators run for three to six months and provide funding during the program itself. Venture capital fundraising is the slowest path, typically taking six to eighteen months from first contact to a signed term sheet and an actual transfer of funds, and that assumes strong materials and solid traction from the start.
Start relationships before you need the money. The founders who close funding fastest are consistently the ones who began building relationships with investors and program managers six to twelve months before they officially needed capital. Cold applications work far less often than warm introductions or ongoing relationships built through industry events, accelerator alumni networks, or direct outreach well ahead of a deadline.
Founders should also track multiple opportunities simultaneously rather than betting everything on one program. Given how competitive most agricultural grants and funds are, applying to three or four suitable options at once, rather than one at a time, significantly improves the odds of securing funding for agricultural startups in Africa within a reasonable timeframe.
Mistakes That Get Applications Rejected
A few patterns show up again and again in rejected applications, and most of them are avoidable with better preparation. These same patterns also show up in why businesses struggle after they get funded, which we explored in our report on the failure rate of SMEs in Africa.
Applying for the wrong funding type. Pitching a pre-revenue idea to a venture capital fund looking for proven traction wastes everyone’s time. Read program eligibility criteria carefully before applying, not after being rejected.
No clear value-chain intervention. Vague proposals that describe a general problem without a specific, well-defined solution rarely get funded. Programs like FASA and similar blended-finance vehicles specifically look for businesses that can articulate exactly where in the agricultural value chain they operate and why that intervention matters.
Missing or incomplete documentation. Business registration, tax records, and basic compliance paperwork trip up more applicants than weak business ideas do. Get this sorted before you start applying, not while an application is under review.
Ignoring debt and blended finance options. Many founders fixate on venture capital or grants and overlook loan guarantee schemes like NIRSAL or blended finance vehicles, even when their business model, particularly if it already generates steady revenue, is a much better fit for debt financing than for giving up equity.
Weak or absent traction evidence. Even a small pilot, a handful of paying customers, or a signed letter of intent from a distributor carries real weight. Applications that rely purely on projections without any evidence of real-world demand struggle to stand out.
Avoiding these mistakes will not guarantee funding, since competition for every program mentioned in this guide remains intense. But it removes the easiest, most preventable reasons for rejection, which meaningfully improves the odds for founders who do everything else right.
Conclusion
Africa’s agriculture sector sits at an unusual point right now. The financing gap is real and, by some estimates, exceeds $100 billion a year. At the same time, momentum is building. Development finance institutions are scaling up their commitments, youth and women-focused programs are expanding their reach, and even after a volatile few years, venture capital is starting to return to the sector, evidenced by the large deals that closed across February and March 2026 alone.
None of that changes the work involved in actually securing capital. Funding for agricultural startups in Africa exists across grants, guarantees, debt, and equity, but reaching it requires founders to understand which type fits their stage, build relationships ahead of time, and apply with the kind of preparation that separates serious applicants from the rest. The CAADP goal of mobilizing $100 billion by 2035 will not close itself. It will be closed by founders willing to do this work now, while the sector still has room for new entrants to make a real mark.
At MOHAC Africa, our entrepreneurship initiative exists to help founders navigate exactly this kind of terrain, from understanding where capital sits to preparing the materials that get applications taken seriously. If you are building in agriculture, or any sector across Africa’s startup landscape, our broader guide to funding opportunities for African entrepreneurs and our breakdown of seed funding for African startups are good next reads.
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Frequently Asked Questions
How do I get funding for my agricultural startup in Africa?
Start by matching your stage to the right funding type. Pre-revenue and early-idea startups should target grants and accelerators, like the Tony Elumelu Foundation programme, which is open to founders aged 18 and above across all 54 African countries. Once you have a working product or early revenue, blended finance and loan-guarantee schemes such as NIRSAL, which guaranteed over $69 million in agricultural loans in 2025, become realistic options. Grant programs typically take three to six months from application to disbursement, so apply early and start building relationships with funders well before you urgently need the money.
What is the funding gap for agriculture in Africa?
Estimates vary depending on the source, but they land in a similar range. Some analyses put the annual gap between $75 billion and $200 billion, while the IFC estimates $117 billion in unmet financing need across agri-SMEs and smallholders in Sub-Saharan Africa alone. What is consistent across every source is that agriculture receives less than 5% of commercial lending on the continent, despite employing the largest share of its workforce.
Is there funding specifically for young farmers and youth-led agribusinesses in Africa?
Yes. The AFRISE Challenge backs founders aged 18 to 35 in Nigeria, Uganda, Morocco, Kenya, Rwanda, Ghana, Côte d’Ivoire, and Senegal, offering a four-week bootcamp, mentorship, and access to more than $600,000 in technology credits. The Tony Elumelu Foundation’s programme is also youth-friendly and accepts applications in English, French, and Portuguese, making it accessible across language barriers.
Do women get more funding for agribusiness in Africa?
Agritech is one of the better-performing sectors for gender equity in African venture funding. Female-founded agritech startups raised 58% of total sector equity funding in 2025, up from 51% the year before, and agritech was one of only two sectors, alongside insurtech, to reach full gender parity in equity funding that year. Dedicated programs also exist, including the Africa Enterprise Challenge Fund’s Investing in Women window, which funds women-led agribusinesses from $50,000 to $1,000,000.
How much venture capital funding does African agritech actually get?
Less than most people assume, and the trend has been volatile. Agritech funding fell to $168.1 million in 2025, down from $206.9 million in 2024, and far below its $776 million peak in 2022. Most of the capital comes from development finance institutions and catalytic funders like Proparco, British International Investment, and the IFC, with classic venture capital firms mostly writing checks under $2 million. Momentum picked up again in 2026, with a single month, March, bringing a $91 million agro-industrial deal out of Morocco.
What is the difference between a grant and a loan for an agribusiness in Africa?
A grant is money you do not pay back. It suits founders who are pre-revenue, doing research, or building a pilot. A loan, or a loan guarantee like NIRSAL’s model, has to be repaid, usually with interest, but it does not cost you equity in your company. Venture capital sits between the two: investors give you cash in exchange for part ownership of your business, betting on future growth. Most agricultural founders in Africa end up combining more than one type, starting with grants and moving toward loans or equity once they have traction to show.
