Tag: AFN Africa

Connecting African smallholders with agronomic services, Climate Edge scores seed funding

May 18, 2022

The UK-based startup secured the funds from US investor Regenerate Ventures.

Black soldier fly farmer Inseco raises $5.3m in South Africa’s ‘largest-ever seed round’

April 27, 2022

It’s raising the insects on organic byproducts such as food waste, before converting them into proteins and oils for use in animal feed.

Farmerline raises $13m to connect West African farmers with services, buyers with data

April 26, 2022

The agribusiness marketplace for Ghanaian smallholders has raised $6.5 million in equity and $6.4 million in debt.

5 African climate-smart agriculture investors helping close a $106bn climate finance gap

April 22, 2022

For Earth Day 2022, we explore some of Africa’s ecosystem enablers working to support and finance climate-smart agriculture startups.

Tushop secures $3m pre-seed funding to scale affordable community e-grocery in Kenya

April 14, 2022

Kenya’s Tushop is scaling to allow communities to purchase groceries in groups, thereby getting wholesale prices for goods.

SokoFresh offers cold storage & market linkage to minimize Africa’s post-harvest losses

April 6, 2022

SokoFresh provides a mobile cold storage solution for smallholders in Kenya, based on a ‘pay-as-you-store’ business model.

An eventful week for African agtech as 2 startups raise close to $100m

March 25, 2022

Nigeria’s ThriveAgric and Kenya’s Apollo Agriculture raised close to $100 million between them this week in a watershed moment for African agrifoodtech.

African B2B e-commerce platform Wasoko raises $125m in Series B round

March 18, 2022

The Nairobi-based startup – formerly known as Sokowatch – enables informal grocery retailers to restock and finance their stores via its mobile app.

Catalyst Fund selects 4 agrifood-focused startups to join its latest fintech cohort

March 18, 2022

The accelerator plans to back 100 entrepreneurs working on financial and climate resilience innovation over the next four years.

Q&A: How AgDevCo will use $90m from CDC, others to boost Africa’s mid-size agribusinesses

March 16, 2022

It’ll now be able to back more high-growth, ‘mid-cap’ agribusinesses aiming to become regional and global players, says chief investment officer Chris Isaac.

Offering homestyle African cuisine, Kune is changing the face of Kenya’s food delivery sector

March 11, 2022

The Nairobi-based startup raised $1 million in pre-seed funding last year.

East Africa can tackle food insecurity via digitalization, but infrastructure needs funding too: report

March 10, 2022

East Africa faces drought, livestock deaths, and starvation. Rapid digitalization is helping – but infrastructure development needs to keep pace.

‘African founders, African VCs, solving African problems’: Marketforce CEO on $40m Series A

March 1, 2022

The Kenyan retail platform connects small-scale merchants with FMCG brands and financing options so that they can grow their businesses.

In Ghana’s agrifoodtech sector, investors and entrepreneurs share mutual skepticism

February 28, 2022

Ghana’s nascent agrifoodtech sector is active, but investors lack familiarity with the market while entrepreneurs are cautious of raising capital too soon.

10 startups join Endeavor & FMO’s cohort to accelerate agrifoodtech in Africa

February 23, 2022

The year-long program is designed to prime Africa’s agrifoodtech VC pipeline by supporting early-stage startups with investment and business readiness.

ProXalys raises funds to reinvent supply chain in Francophone Africa

February 22, 2022

The Dakar-based startup is boosting linkages between smallholder farmers and small-scale vendors in Senegal’s informal retail sector.

Through microfinance, AgroCenta is developing end-to-end solutions for Ghana’s smallholders

February 10, 2022

It’s the startup behind grain trading and logistics platform CropChain and financial services provider LendIt.

EOS Capital’s Euphrates Fund wants to give Namibia’s ag sector a climate-friendly upgrade

February 9, 2022

The woman-led fund has raised $5.7 million to help the country’s ag sector embrace technology, improve climate resilience, and empower women.

Q&A: Ignatius Akpabio on TradeDepot’s $110m raise & Africa’s e-commerce surge

February 4, 2022

Fresh off its $110 million funding round, Nigeria’s TradeDepot is pushing the boundaries of digitalization and financing for Africa’s small food businesses and retailers.