Carana Agribusiness, a Guyana-based aquaculture and agriculture company, closed over $1.3 million in financing.
A group of private and corporate investors participated in the round.
Carana ran a fundraising campaign through AgFunder, an online investment platform for accredited investors to invest in agriculture and agriculture technology companies.
An independent offshoot of the Carana Corporation, an American developmental consulting firm that plans and implements business strategies on a global basis, Carana Agribusiness harvested and sold its first batch of habanero peppers and tambaqui to a selection of pre-committed buyers earlier this summer.
The company is now 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.