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Babban Gona

Operating

Award-winning, high impact, financially sustainable and highly scalable social enterprise part-owned by farmers we serve.

Updated Source: SLA Startup IndexHow we verify →
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.

Capital growthrunning total of disclosed rounds
  1. $20MVentureVenture, $20M, $20M raised to date
  2. $4MDebt FinancingDebt Financing, $4M, $24M raised to date
  3. $5MDebt FinancingDebt Financing, $5M, $29M raised to date
  4. $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

AnnouncedRoundLead · investorsAmount
02 Sep 2025Babban Gona Debt FinancingBritish International Investment$7.5M
23 Nov 2022Babban Gona Debt FinancingFondo HurumaNot disclosed
01 Aug 2021Babban Gona Debt FinancingInternational Fund for Agricultural Development$5M
18 Jul 2017Babban Gona Debt FinancingFMO$4M
14 Feb 2017Babban Gona VentureNot disclosed$20M

Babban Gona founders & team

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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.