In an interview with AgFunder News YoLa Fresh co-founders explain how their company is addressing key challenges like food waste, inefficiencies in fresh produce distribution, and limited market access for smallholder farmers.
Startups in the Ag Marketplaces & Fintech category have taken the top spot for funding in recent months, bringing in $65 million, or 41% total investment on the continent so far in 2024
Agrizy provides a fully managed B2B marketplace with a variety of digital tools connecting food producers and local and international buyers.
Fashol aims to stabilize food prices for farmers and reduce supply chain waste through its agribusiness marketplace.
“Our system is anchored on delivering fresh produce at the right price in a timely manner,” says co-founder Youssef Mamou.
Mitigation receives about 90% of global public and private climate financing, which frequently sidelines efforts around adaptation.
This year saw Singapore-based agrifoodtech ecosystem builder GROW attract the highest-quality applicant pool in the accelerator’s history.
As farm production costs increase, more farmers look to alternative financing options to pay for inputs, equipment and other needs.
ThriveAgric has a target to provide $500 million in credit to 10 million smallholder farmers by 2027 and $1 billion to 20 million by 2050.
Shamba Pride digitizes many tasks for agro-dealers in an effort to improve quality and traceability as well as access to information.
“As we matured and scaled, people got increasingly nervous about what that could mean for their business.”
Empowering African agrifoodtech startups in terms of funding and business strategy remains at the core of the new program.
Since 2013, investors have poured $1.76 billion into the continent’s agrifood startups, with growth climbing upward much of that time.
We’ve all felt the impacts of climate change this season but they’re especially pronounced in Africa; of the 20 nations ranked as most vulnerable to climate change, all but four are African. Meanwhile acute food insecurity has dramatically increased in the past year.
Kenya, Nigeria and Egypt cumulatively raised 86% of all funding in 2022 for African agrifoodtech startups.
As smartphones have proliferated and technological advancements have enabled more transparency around agricultural products and pricing, farmers are gaining more trust in online tools as a means to do business and improve their finances.
Indigo Ag would not comment on reports that its valuation has plummeted 94% from $3.5 billion two years ago to just $200 million today.
Aquaculture and agribusiness marketplaces dominate Indonesia agrifoodtech investment this year, but climate tech needs more attention.
New funds will support the growth and expansion of Bushel’s ag software tools for grain traders, farmers and other agrifood business.
Climate change and the need for efficient and affordable technology for farmers is driving investor interest in India farmtech.
