Nile, a fresh produce marketplace connecting farmers to enterprise buyers, will use the funds to expand beyond the Southern Africa region.
It will use the capital injection to expand its geographic footprint, build out its supply chain capabilities, and introduce insurance products.
The Singapore-based startup has acquired stakes in ag produce supply chain businesses in Indonesia, Malaysia, and Vietnam in recent weeks.
SokoFresh provides a mobile cold storage solution for smallholders in Kenya, based on a ‘pay-as-you-store’ business model.
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 Nairobi-based startup – formerly known as Sokowatch – enables informal grocery retailers to restock and finance their stores via its mobile app.
The Kenyan retail platform connects small-scale merchants with FMCG brands and financing options so that they can grow their businesses.
The Dakar-based startup is boosting linkages between smallholder farmers and small-scale vendors in Senegal’s informal retail sector.
It’s the startup behind grain trading and logistics platform CropChain and financial services provider LendIt.
The Riyadh-based B2B marketplace said it’ll use the Series A funds for geographical expansion, and to launch new products and verticals.
It will use the funding to launch into other countries through partnerships with local players.
The Chennai-based startup will use the Series D funds to expand into “aligned” categories including alt-protein, according to CEO Karthik Jayaraman.
The Singapore-based startup plans to launch into neighboring Malaysia and Indonesia during Q1 2022.
The Rwandan company has experienced — and taken on — the full range of food production, manufacturing, and distribution challenges one would expect in a frontier market, says founder Lauren Nkuranga.
It leans on the community group-buying model popularized in China, allowing consumers to form teams in order to make bulk buys on its platform.
The Patna-based startup says it serves 650,000 smallholders and collaborates with 3,000 rural micro-entrepreneurs.
The US fresh produce platform will use the funds to “turbocharge our software and services growth and extend our e-commerce reach from coast to coast,” said CEO Mike Xu.
It links suppliers and buyers of fresh produce across the country, opening up more buy and sell opportunities while also facilitating timely payments.
The Lagos-based startup is connecting local smallholder farmers to the international spice markets.
Indonesia’s TaniHub was the top-funded startup in the category according to AgFunder data, raising $66 million in May.
