Smallholder farmers have limited cash flow to be able to purchase new agtech, so SunCulture, and other agtech startups operating in the African region, have had to get creative in how they sell their wares.
Hortau raised the capital from a mix of US and Canadian investors to fund expansion and development.
SunCulture, a company creating solar-powered irrigation kits for smallholder farmers, discusses the challenges of getting startup funding in Africa.
AgSmarts is raising $750k - $1m in a follow-on seed round led by a new strategic investor. Brett Norman, CEO, tells AgFunderNews about the company's progress since its first seed round last year.
AgFunderNews recently had the chance to attend the Forbes Reinventing America: The AgTech Summit in Salinas, CA from July 8-9. The summit brought together two of the most influential valleys in the world: Salinas and Silicon.
Smart irrigation company CropX has announced a $9 million Series A round led by Innovation Endeavors, Finistere Ventures, GreenSoil Investments. Prior backer OurCrowd also participated in the round. CropX uses wireless sensors and big data to help farmers conserve water used in crop growing operations.
“I haven’t met a grower yet that wastes water on purpose,” says Oliver Jerphagnon, founder of PowWow Energy, a California based company aiming to leverage big data to provide simple answers to farmers in the field.
Precision irrigation management provider Hortau announced earlier this week that it has secured $5 million in funding from Advantage Capital Agribusiness Partners (ACAP). ACAP, which holds a Rural Business Investment Company license from the U.S.
Netafim, the world’s largest provider of drip irrigation services announced a $500 million debt financing on March 6th from Israel Discount Bank, Union Bank of Israel, Migdal Insurance and Financial Holdings, Mizrahi Tefahot Bank and HSBC.