Open Capital advises Victory Farms on new convertible loan from DOB Equity

19 November 2020 – Open Capital advised Victory Farms on a significant new convertible loan from DOB Equity. Victory Farms owns and operates a tilapia fish farming and processing business on the Kenyan side of Lake Victoria, with distribution capacity throughout Kenya. Victory Farms’ mission is to build a commercial tilapia farm that can feed 2 billion Africans with affordable, accessible, and healthy protein. The business and its innovative technologies bring together the best aquaculture practices from around the globe to tackle this challenge. 

The Open Capital team served as the exclusive transaction advisor to Victory Farms, working over a 5-month period to support all aspects of the transaction including financial modeling, deal structuring, investor outreach, and negotiations of deal documentation. This is one of >20 transactions led by Open Capital in 2020 and hundreds since 2010. Among other sectors, Open Capital has significant experience in the agribusiness sector and has worked with a range of investors and companies in the space. 

Open Capital has supported >$600M of transactions across Africa, supporting some of Africa’s most innovative businesses to scale. Our capital markets team specializes in raising finance for SMEs and large privately-owned companies in the Agribusiness, Energy, FMCG, and Manufacturing sectors, often using hybrid financial structures. Please see more information here

If you are interested in learning more about Open Capital, please contact our Head of Capital Markets, Tibor Almassy, at For support within the agribusiness sector, please contact the Head of our Agriculture Practice, Neil Wood, at