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.
DeHaat will exclusively sell formulations from Global BioAg Innovation (GBI) and Australia’s Aussan Laboratorie to smallholders in India.
Startups in the Ag Marketplaces & Fintech category raised $191 million in 2022 to bring more efficiency to the agrifood supply chain.
Agribusiness marketplaces & fintech and eGrocery were the top investment categories for Latin America agrifoodtech in 2022.
Tawi Fresh launched this year to connect smallholder farmers in Kenya more directly to markets, financing and fairer pricing.
Agribusiness Marketplaces and Fintech was the most-funded upstream category for India agrifoodtech in 2022.
Latam startups fight food insecurity and inequality with agrifoodtech tools like farmer financing logistics and healthier ingredients.
eFishery aims to increase aquaculture productivity while also creating more sustainable practices for both the environment and farmers.
Current Seedz customers already include major North American agrifood corporations John Deere, Mosaic, and Syngenta.
The Yield Lab Latam is targeting a $50m final close by the end of the year.
Arado’s digital agribusiness marketplace connecting farmers directly with retailers and restaurants grew 30x in 2022.
Latin American agrifoodtech startups hoping to scale their solutions can now apply to the GLOCAL Game Changers LatAm Series 2023.
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