
Babban Gona
OperatingAward-winning, high impact, financially sustainable and highly scalable social enterprise part-owned by farmers we serve.
- Agriculture
- Lagos, Nigeria
- Debt Financing
- Founded 2012
- babbangona.com ↗
- Total raised
- $36.5M
- disclosed
- Last round
- $7.5M
- Debt Financing
- Rounds
- 5
- since 2012
- Investors
- 4
- on record
- Employees
- 501-1000
About Babban Gona
Babban Gona is a high-impact, financially sustainable and highly scalable agricultural social enterprise that is part-owned by the farmers we serve. In recognition of the impact it has achieved thus far, it is the first for-profit social enterprise in history and the first Nigerian organisation to receive the prestigious Skoll Award for Social Entrepreneurship. The Skoll Award for Social Entrepreneurship is considered the equivalent of the Nobel Peace Prize in the Social Entrepreneurship industry. We developed and grew the agricultural franchise model in partnership with our Board Chairman, His Highness, Muhammad Sanusi II (Emir of Kano), Nestle, DfID, AGRA, BMGF, Skoll, GIZ, USAID and Rockefeller Foundation amongst others. We franchise thousands of mini farmer maize and rice cooperatives across Northern Nigeria using an innovative and internationally recognized agricultural franchise model. Through these franchises, Babban Gona has cost-effectively provided high-quality inputs, credit, training and development, and marketing services to over 39,000 smallholder farmers, enabling them to double their yields and increase their net incomes 2.8 to 3.5 times greater than the average farmer, while maintaining 99.9% loan repayment rate. To date, Babban Gona has recorded great success: Impact Metrics ▪ 2.8 - 3.5X Increased Net Income ▪ 150,000 Rural Men, Women and Children Provided Access to Healthy Food ▪ 27,000 Ha Under Sustainable Cultivation Sustainability Metrics ▪ 46,000 Profitable Loans Disbursed ▪ 99.9% Loan Repayment Rate Scalability Metrics: ▪ 250X Growth within last 5 years ▪ $10,500,000 in Debt Raised ▪ 1,000,000 Farmers Targeted by 2025
Babban Gona funding5 rounds
All 5 rounds →Babban Gona has raised $36.5M across 5 disclosed rounds. The latest is a $7.5M Debt Financing announced 02 Sep 2025, led by British International Investment.
- $20MVentureVenture, $20M, $20M raised to date
- $4MDebt FinancingDebt Financing, $4M, $24M raised to date
- $5MDebt FinancingDebt Financing, $5M, $29M raised to date
- $7.5MDebt FinancingDebt Financing, $7.5M, $36.5M raised to date
SLA Funding Index · grey is capital raised before each round · 1 undisclosed round not drawn
Who has invested in Babban Gona
| Announced | Round | Lead · investors | Amount |
|---|---|---|---|
| 02 Sep 2025 | Babban Gona Debt Financing | British International Investment | $7.5M |
| 23 Nov 2022 | Babban Gona Debt Financing | Fondo Huruma | Not disclosed |
| 01 Aug 2021 | Babban Gona Debt Financing | International Fund for Agricultural Development | $5M |
| 18 Jul 2017 | Babban Gona Debt Financing | FMO | $4M |
| 14 Feb 2017 | Babban Gona Venture | Not disclosed | $20M |
Babban Gona founders & team
- Kola MashaCEO
Babban Gona competitorssame sector · similar funding
- FarmerlineKumasi, Ghana
- AgricorpLagos, Nigeria
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Frequently asked about Babban Gona
- Where is Babban Gona based and when was it founded?
- Babban Gona is headquartered in Lagos, Nigeria and was founded in 2012.
- Who is the CEO of Babban Gona?
- Kola Masha is Babban Gona's CEO.
- How much funding has Babban Gona raised?
- Babban Gona has raised $37M across 5 disclosed rounds. Its latest, a $7.5M Debt Financing, was announced on Sep 02, 2025.
- Who has invested in Babban Gona?
- Backers include British International Investment, Fondo Huruma, International Fund for Agricultural Development and FMO.
- What sector is Babban Gona in?
- Babban Gona operates in Agriculture, Farming and Food Production.