Sidley advised InspiraFarms on a new funding round. InspiraFarms produces solar powered energy-efficient pre-cooling and cold rooms, packhouses and automated ripening chambers, delivers client-centered technical support and provides affordable asset financing terms, in order to allow agribusinesses to leapfrog barriers to emerging technology and finance, and to grow sustainably. KawiSafi Ventures was the lead investor in the funding round, which included participation from various other co-investors, including Energy Access Ventures, Untapped LLC and Pymwymic. By providing a solution to agribusinesses, including smallholder farmers and small-scale farming cooperatives, InspiraFarms is contributing to the United Nation’s Sustainable Development Goals to end hunger, achieve food security and improved nutrition and promote sustainable agriculture.
The Sidley team in London was led by Private Equity partner Wim De Vlieger, supported by associates Isabel Berger and Dan Stafford, and trainees Victoria Kerr and Romain Tourenne. Additional support was provided by Oliver Currall and Laurence Wilcock (Tax), Patrick J. Harrison and Rosanna Connolly (Competition), Peter McCorkell and Chris Morgan (Employment), and Jack Mayall (Real Estate).
Launched in 2012, Sidley’s Emerging Enterprises Pro Bono Program provides free legal support to eligible small- and medium-size for-profit enterprises and market-focused nongovernmental organizations and nonprofits that have a clear social impact in developing countries across Africa, Asia, Central and South America and the Caribbean. The program aims to benefit poor, rural and disadvantaged communities, particularly women, by supporting local businesses that provide enhanced employment and livelihood opportunities. Sidley’s holistic approach ensures both tangible and intangible gains to the beneficiaries. By assisting market-based growth of small- and medium-sized local businesses, the program helps boost local economies, increase job opportunities, raise incomes and provide other social benefits, to ultimately improve the lives and livelihoods of the world’s poorest people.
Sidley provides a wide variety of legal assistance to these enterprises to expand operations, lower costs, increase profits, successfully access new markets and become attractive partners for investors. Additional information on Sidley’s the Emerging Enterprises Pro Bono Program can be found here.