This site uses cookies to improve your experience.

We use necessary cookies to make our site work. We would also like to set optional analytics cookies to help us improve our site by anonymously collecting and reporting information on how you use it. For more information on how these cookies work, please see our Cookie policy.

  • Portfolio
  • Team
  • Sōzō Insights
  • Work With Us
Toggle Menu
  • Portfolio
  • Team
  • Sōzō Insights
  • Work With Us
  • SoftBank Careers
  • Terms
    © 2024 SB Investment Advisers (UK) Limited
    Feature

    Seeding a revolution in Kenyan farming

    How Apollo Agriculture helps small-scale farmers maximize productivity and profits

    Illustrated Portrait of Ben Njenga, Co-Founder & Chief Customer Officer of Apollo
    The beauty with Apollo is that the more successful the farmers we serve, the more successful we are.
    -ben njenga, co-founder & Chief Customer Officer

    Doing
    well by
    doing
    good

    With Apollo, many farmers have been able to double or triple their yields. That translates into more income to feed their families and put their kids through school, better lives, and stronger communities.

    20%

    After two years of rocketship growth, Apollo is on target to book $30 million in revenue in the current fiscal year and on a clear, near-term path to profitability.

    2.5x

    After expanding to Zambia recently, Apollo has a massive untapped market, as small-scale farms make up 90% of sub-Saharan Africa’s agricultural sector.

    10s
    These farmers are able to increase their incomes... they're able to get food on the table, they're able to feed the nation.-ben njenga, co-founder & Chief Customer Officer

    As with any tech startup, there were multiple pivots, especially early on. Apollo was offering small-denomination loans — the average is roughly $170 — in the rural areas of a country slightly larger than France. To keep expenses low, founders hoped to reach customers via phone, but quickly learned that customers needed an in-person visit before closing a deal. So they adopted what Mastors, the company’s head of people, described as an Uber model: part-timers who earn a commission for every sale. It now has thousands of sales agents. The company also experimented with renting trucks to deliver seeds and fertilizer to farmers before deciding it was better to use the country’s well-developed network of local suppliers and improve their efficiency with technology. 

    From the start, its mission has served as Apollo’s North Star. Everyone from potential funders to friends suggested Pollak start with a country where the challenges weren’t as great as in Kenya. Focus first on larger farms, which would prove less risky. Yet Pollak always had the same answer: the “massive opportunity” was with the small-scale farmers who represented 90 percent of the agriculture sector in sub-Saharan Africa. 

    “There were all these questions and decisions that we didn’t struggle with,” Pollak says, “because we were focused on the way to have the greatest impact from the start.”

    The company’s strong mission proved to be an asset for recruiting, especially at a time when new generations of workers are looking for more than a paycheck. “There are a whole lot of deeply talented, very hardworking people who are willing to choose a job based on more than just money, because they believe deeply in our mission and want to help improve the world at scale,” Pollak says. Most of Apollo’s 115 full-time staffers work in Nairobi, but to help recruit engineering talent, St Sauver, who serves as the company’s chief technology officer, opened an office in the Netherlands.

    Illustrated Portrait of Eli Pollak, Co-Founder & CEO of Apollo
    By building a business model inextricably tied to our mission, we think we can generate massive impact at scale.
    –eli pollak, co-founder & CEO
    Next
    Feature

    SambaNova: Dancing with AI

    How SambaNova is making the most of an opportunity that’s materializing fast and at unprecedented scale

    Animated image of hands reaching for a stack of books
    Feature

    Paper’s fast learning curve

    How an online tutoring startup is becoming a one-stop shop for student support.

    Sign up for our monthly newsletter
    Stay up to date with the latest data and insights
    • Portfolio
    • Team
    • Sōzō Insights
      • All Insights
      • Sōzō Pulse
      • About Sōzō
    • Work With Us
    • Portfolio Careers
    • Company
      • Sustainability
      • Presentations
    • Contact
    • Terms
    • |
    • Privacy
    • |
    • Regulatory
    • |
    © 2025 SB Investment Advisers (UK) Limited