FarmDrive Raises Funding to Help Africa’s Smallholder Farmers Get Finance with Credit Scoring Algorithm
FarmDrive is using big data to create credit scores for smallholders farmers, enabling local banks to lend to them.
FarmDrive is using big data to create credit scores for smallholders farmers, enabling local banks to lend to them.
It may sound too good to be true, but according to David Rowe, founder and president at Choco Finesse, the proof is in the chocolate pudding.
The year’s first exit came from Observant, an early agtech pioneer in the precision water management space. Jain Irrigation acquired the Australian company.
Equity investing in just one way TechAccel, a venture development organization, works to accelerate innovation in agriculture.
TerrAvion takes hundreds of low-altitude flights to capture bird’s-eye views of farms and raised funding from Silicon Valley venture capital firms.
The Northern Irish startup raised the funding from former UK Entrepreneur of the Year.
The Yield Lab has made three new investments of $100k each in agritech startups joining its 2017 cohort in St Louis.
Agtech funding in 2016 was a tale of two halves as the number of deals closed increased 10% to 580 due to an uptick in seed stage activity, while investment dollars fell 30% to $3.2bn.
Insect farming, Big Data technology, soil health products, and a Crowdfund a cow platform are just a few of this week’s agtech fundings.
Catalina Sea Ranch, the first offshore shellfish ranch in US federal waters, has raised funding for its mussel farm off the coast of Southern California, and for research into growing environmentally-beneficial giant kelp.
A bumper week of fundings includes startups offering satellite imagery analysis, drones-as-a-software, milk products, wine e-commerce and more.
The accelerator, which is based in New York, selected eight startups from over 500 applications to take part in its 14-week program.
A busy week of fundings saw $89m raised by startups offering technologies from farm-to-fork.
Kuli Kuli is the leading manufacturer and distributor of moringa-based products in the US.
The South African media group led the round for data analytics and record-keeping tool FarmLogs, joined by existing investors.
Smallholder farmers have limited cash flow to be able to purchase new agtech, so SunCulture, and other agtech startups operating in the African region, have had to get creative in how they sell their wares.
AgriMetis, the crop protection spin-off from healthcare innovation firm Acidophil, has raised $23.5 million in Series B funding in an oversubscribed round led by Anterra Capital.
A bumper week of fundings as we catch up from the holidays offer a diverse look at the types of startups innovating in the food and ag space today.
Fairfax Financial, the investment company of Prem Watsa, has invested in Canadian digital precision agriculture company Farmers Edge, injecting new capital into the company as well as buying stock from existing investors.
The UK-based startup raised the funding from local angel investors but is planning to expand overseas after conquering the UK.
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International Fresh Produce Association launches year 3 of its produce accelerator