The Africa Agrifoodtech Investment Report 2022 by AgFunder, FMO and BII reveals that $482.3 million was invested into the agrifoodtech industry in 2021
Smaller-sized farmers in Mexico have no access to credit. Verqor wants to change that by digitizing more of the country’s ag operations.
A new report by Graze indicates that agrifintech claimed almost 1% of the $600 billion in total worldwide VC investment last year.
Bushel Wallet aims to digitize, speed up, and simplify the process of moving payments between farmers and agribusiness partners in the US.
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.
It will use the Series B funds to grow its fintech platform which simplifies commodity hedging for farmers and food businesses.
Eastern and Southern Europe have recently seen the entry of Tarfin and Agro.Club, two agri-fintechs that are expanding into new markets. These regions have sufficient data availability which can be used to localize risk algorithms. They also have a large population of small to medium-sized farmers.
Fund II will invest in ag biotech and digital solutions up and down the agrifood value chain, from fintech solutions to crop science and animal health.
It recently announced the close of a $17.7 million funding round.
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 accelerator plans to back 100 entrepreneurs working on financial and climate resilience innovation over the next four years.
The Kenyan retail platform connects small-scale merchants with FMCG brands and financing options so that they can grow their businesses.
It’s the startup behind grain trading and logistics platform CropChain and financial services provider LendIt.
TerraMagna is one of several startups in Brazil looking to improve farmers’ liquidity.
Agrolend will use the funds to increase its credit portfolio, enabling more options for farmers using its fintech platform.
The Bandung-based startup plans to launch into other major fish and shrimp farming markets, including China and India.
OKO Finance offers crop insurance to smallholder farmers in Mali – one of the few fintech companies focusing on the landlocked West African country.
The Argentine startup will use the funds to strengthen its e-commerce and fintech offerings, as well as for growing its footprint in Brazil.
It’s on a mission to help India’s 100 million dairy farmers and workers get access to formal banking and other financial services.
The St Paul, Minnesota-based startup will continue to build out its technology that connects lenders and farmers, giving the latter improved access to working capital.
I’m drowning in new food! Can someone please restructure me out of this mess?