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# Kenyan aquaculture tech Victory Farms bags $5 million in funding
- URL: https://www.techloy.com/kenyan-aquaculture-tech-victory-farms-bags-5-million-in-funding/
- Published: 2022-05-19T15:32:56.000Z
- Updated: 2022-12-08T00:45:00.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: Agritech, Tech in Kenya

[Victory Farms,](https://www.linkedin.com/company/victory-farms/?originalSubdomain=ke) a Kenya-based tech-driven aquaculture startup has bagged $5 million in its first institutional investment led by Ed Brakeman, director at Bain Capital. 

- The funds will be used to expand its services to new markets in Rwanda, DRC and Tanzania, the farm claims.
- Victory Farms is an aquaculture startup providing tilapia fishes including hatcheries, nursery ponds and deep-water cages in Kenya.
- The farm runs a tech-led fish producing business and claims it has scaled 2x faster than any other African fish farm.
- It uses a vertical integration (when a company takes control of the various stages of production rather than outsourcing them) to supply fish to 54 retail locations and over 15,000 market women in Kenya.