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.
Online farmer marketplaces like DeHaat, Bijak, and Animall were among India’s big winners when it came to venture investment last year.
The Argentine startup will use the funds to strengthen its e-commerce and fintech offerings, as well as for growing its footprint in Brazil.
“The potential for remote farming is huge,” says CEO Moses Kimani.
The South African private equity firm’s second fund invests in the tech enablement of Africa’s SME agribusinesses – the backbone of the continent’s agriculture sector.
Kenya has emerged as a hotspot for agtech innovation in Africa, developing more than 100 solutions driving growth, productivity and sustainability in the agricultural sector.
