Five35 Ventures exits Complete Farmer at 3.5x, marking Ghana's landmark VC exit
Five35 Ventures has completed its first portfolio exit, generating a 3.5x return from its investment in Ghanaian agritech startup Complete Farmer. The exit represents a concrete realised return for a Ghana-focused VC fund and marks a milestone for the local startup exit landscape.
Complete Farmer: Ghana finally has proof the exit is possible
A 3.5x return on a Ghana-based agritech company — valuation up from $6 million to $49 million in four years — is not a projection or a promise. It is a realised number.
That matters more than it sounds. The hardest argument to make to any investor considering Ghana has always been: show me someone who got their money back, and then some. Five35 Ventures can now make that argument from fact, not faith.
And the timing sharpens it further: on the same day Five35 disclosed the exit, the IFC committed $2.4 million in fresh debt to Complete Farmer — institutional capital following institutional validation, in the same company, on the same morning. That is not a coincidence; it is the compounding effect of a credible track record starting to build.
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- Five35 Ventures completes 1st portfolio exit, generates 3.5x return from Complete Farmer investment · disruptafrica.com · T1