The Africa Agrifoodtech Investment Report 2022 by AgFunder, FMO and BII reveals that $482.3 million was invested into the agrifoodtech industry in 2021
Tridge, a South Korean B2B platform connecting buyers and sellers of fresh agricultural produce, is doing around $15m in sales per month, according to the company.
Ghana’s Wangara Green Ventures is an impact and climate focused fund supporting small and growing climate-friendly businesses.
American ag equipment manufacturer John Deere made a minority investment into the tractor sharing and management platform, Hello Tractor. Here’s why.
The forthcoming program aims to help produce growers generate residual income from carbon credits and become more resilient to climate change.
Nigeria’s female-led Traders of Africa is helping facilitate the trade of African sourced produce, bridging the trust divide between buyers and sellers while at it.
Hailing from Mali, Oumar Barou Togola wanted to give back to his home country in a way that empowered and subsequently increased incomes for the project’s benefactors – female smallholders. Thus the journey of Hello Savanna began.
Agri fintech startups raised $1.6bn in 2021 across 93 deals. Here the report author digs into two more trends: a booming Africa and stilted Europe.
The digital ag marketplace aims to bring fairer prices to restaurants and retailers and more profit to small and medium farmers.
It will use the capital injection to expand its geographic footprint, build out its supply chain capabilities, and introduce insurance products.
It says revenue from its marketplace for new and used farm vehicles grew 7x over the past two years.
The agribusiness marketplace for Ghanaian smallholders has raised $6.5 million in equity and $6.4 million in debt.
Nigeria’s ThriveAgric and Kenya’s Apollo Agriculture raised close to $100 million between them this week in a watershed moment for African agrifoodtech.
The Jakarta-based startup links sellers of fertilizers, seeds, and other inputs with local ag stores that serve smallholder farmers across Indonesia.
Ghana’s nascent agrifoodtech sector is active, but investors lack familiarity with the market while entrepreneurs are cautious of raising capital too soon.
The year-long program is designed to prime Africa’s agrifoodtech VC pipeline by supporting early-stage startups with investment and business readiness.
Pandemic-related labor shortages and supply chain issues drove early-stage investment in solutions closer to the farm for India’s agrifood startups.
The Kenyan agtech venture is helping small farmers shift toward sustainable commercial farming with access to seeds, finacing and markets.
Full Harvest’s recent Series B fundraise will go towards accelerating data insights for sellers and buyers of surplus and imperfect food.
The Food Security Fund will be used to finance 250,000 hectares of commercial and smallholder farmland in Nigeria for climate-smart production.
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