Komaza scales its business model across Eastern Africa
Komaza, incorporated as an American company with a subsidiary in Kenya, partners with smallholder farmers to plant, grow, and harvest trees. Once harvested, the trees are processed to serve as high-quality building materials for infrastructure and construction across the region.
We advised Komaza on their US$28M Series B equity raise, which saw the participation of AXA Investment Managers, FMO – Dutch entrepreneurial development bank, Mirova, and Novastar Ventures. Serving as transaction advisors under the United States Agency for International Development (USAID), Kenya’s Investment Mechanism, we evaluated Komaza’s business model, including its similarities and differences to traditional forestry models, to provide a nuanced perspective on growth potential and valuation.
With 25,000 existing smallholder farmers already enrolled, the equity investment will help Komaza drive further enrolments and engagement on its farmer app and expand agroforestry best practices. Capital will also be deployed to upgrade wood processing facilities and tree planting – in line with its goal of planting one billion trees by 2030.