Carana Agribusiness snags over $1.3 mln

Guyana-based Carana Agribusiness, an aquaculture and agriculture company, has raised over $1.3 million in funding via investment platform Agfunder. The backers were not named.


Carana Agribusiness, a Guyana-based aquaculture and agriculture company, has closed over $1.3 million in financing from a group of private and corporate investors. One new investor participated in the round, joining existing investors. Carana ran a fundraising campaign through AgFunder, the online investment platform for accredited investors to invest in agriculture and agriculture technology companies.

Carana Agribusiness is an independent offshoot of the CARANA Corporation, an American developmental consulting firm that plans and implements business strategies on a global basis.

Earlier this summer, Carana harvested and sold its first batch of habanero peppers and tambaqui to a selection of pre-committed buyers. It continues to bring acres under production for its aqua operation, working with long time buyers to deliver product.

The company is in the process of applying for a $10 million loan from the Overseas Private Investment Corporation (OPIC). The loan structuring process is being facilitated by Project Finance Advisors (PFA), a founding member of OPIC’s Enterprise Development Network (EDN) Loan Originator Program.

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