The founder of IQ Logistica, an agtech business based in Pretoria, has sold the remainder of his holding to private equity firm Zebu Investments, the firm’s majority shareholder following a transaction in August last year. Thomas Robbertse had retained a 40% stake in the business, which Zebu has now acquired via the Africa Food Security Fund for an undisclosed sum. Robbertse, who founded the firm in 2011, is also stepping down from IQ Logistica’s board and as the firm’s CEO in order to pursue other projects under the umbrella of a new firm, Nulexis.
IQ Logistica’s cloud-based software platform collects, collates, and aggregates data that are used to trace agricultural outputs and key, related information from the agricultural value chain. The business, which came into being as part of an effort to improve South Africa’s cotton industry capacity and competitiveness, has broad application in the wider agriculture sector, offering it a significant addressable market on the continent and an opportunity for high growth and meaningful impact.
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