Despite an overall increase in agtech adoption, farmers around the world still lag in terms of adding new sustainability practices to their operations.
The Africa Agrifoodtech Investment Report 2022 by AgFunder, FMO and BII reveals that $482.3 million was invested into the agrifoodtech industry in 2021
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.
Nigeria’s ThriveAgric and Kenya’s Apollo Agriculture raised close to $100 million between them this week in a watershed moment for African agrifoodtech.
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Here’s where AI could make the biggest impact in the agrifoodtech sector